Freightos Launches Innovative Enterprise Suite for Global Freight Procurement Efficiency

Freightos Launches Comprehensive Enterprise Suite

In a significant move to reshape the global logistics landscape, Freightos (NASDAQ: CRGO), the foremost digital freight booking and payment platform, has launched the Freightos Enterprise. This groundbreaking integrated suite is designed to bridge the gaps in the highly digital yet fragmented world of freight procurement, making it easier for large importers and exporters to manage their logistics operations.

The main goal of Freightos Enterprise is to unify the various aspects of freight procurement, including rate benchmarking and shipment execution, allowing logistics teams to focus on strategic initiatives rather than getting bogged down by spreadsheets and siloed information. According to Zvi Schreiber, CEO of Freightos, many logistics professionals are overwhelmed with communication and coordination issues which often leads to increased costs and unreliable supply chains. He emphasizes, "We've spent years building the individual pieces of the puzzle, and now we're bringing them together in a way that matches how logistics professionals work in the real world."

Features of Freightos Enterprise

The Freightos Enterprise suite comprises three pivotal modules:

1. Procure: This module revolutionizes the request for quotes (RFQs), tender management, and contract optimization processes. It can cut procurement time by up to 90%, significantly streamlining communication with logistics service providers. The Procure module is based on Freightos's recent acquisition of Shipsta.

2. Rate, Book: This feature allows direct digital connectivity to hundreds of carriers via logistics service providers, supporting effective rate comparison, booking, and shipment tracking. By providing real-time data, teams can make informed decisions quickly.

3. Terminal: This module offers real-time freight market intelligence, enhanced contract benchmarking, and insights derived from numerous multinational Business Customer Operations (BCOs). The Terminal component reinforces Freightos's standing in the market by including the leading container shipping and air cargo indices, namely the Freightos Baltic Index (FBX) and Freightos Air Index (FAX).

Addressing Industry Pain Points

Unveiling this suite is particularly timely, given the current challenges facing the logistics sector, including trade uncertainties and fluctuating shipping rates. Companies are under growing pressure to optimize costs and improve efficiency amidst increasingly complex supply chains. Freightos Enterprise caters to these needs by offering substantial benefits, including a reported 20% reduction in freight spending for users through data-driven negotiations, an 80% decrease in email communication related to quoting and booking, and elimination of communication bottlenecks with logistics service providers.

The success of Freightos Enterprise reflects its potential to transform the way logistics teams operate. Paolo Galli, VP of Group Logistics Operations at Electrolux, states, "Having everything connected—from market intelligence to tender procurement to actual bookings—transforms how shippers operate. Teams can now focus on strategy rather than hunting for information across multiple systems."

Immediate Availability and Implementation

Freightos Enterprise is available to customers immediately, with flexible implementation options to address specific needs iteratively. Businesses can now prioritize their most pressing logistical challenges before expanding to the full suite of features. With the rollout of this suite, Freightos continues to play a vital role in driving digital transformation in the freight industry.

For more information about Freightos and to access the new Enterprise suite, interested parties can click here to begin the onboarding process

Freightos is committed to revolutionizing the trillion-dollar international freight industry, ensuring that businesses can navigate the complexities of global trade seamlessly. As they continue to innovate, Freightos aims to solidify its position as a leader in digital freight logistics.