Product Overview of Freightos
Freightos is a pioneering digital freight marketplace designed to streamline global shipping processes, making international trade more efficient, transparent, and cost-effective. Here’s a detailed look at what Freightos does and its key features.
What Freightos Does
Freightos operates as a global freight booking and payment platform, connecting airlines, ocean liners, trucking carriers, freight forwarders, and importers/exporters. The platform leverages a SaaS-enabled marketplace model to facilitate over a million annual transactions across 55 carriers and numerous logistics providers worldwide.
Key Features and Functionality
Instant Freight Quotes and Rate Management
Freightos allows users to compare millions of routing and pricing options instantly, enabling them to find the best rates and services for their shipments. The platform provides real-time freight quotes, rate management, and freight rate benchmarking, ensuring users get competitive pricing that includes all necessary services.
Booking Management
Users can book shipments directly through the platform, eliminating the need to navigate multiple websites or wait for quotes. Freightos streamlines the booking process, enabling instant booking and management of freight services from multiple logistics providers.
Carrier Integration and Multi-Modal Shipping
The platform integrates with various carriers, including airlines, ocean liners, and trucking companies, offering flexibility across different modes and lanes. This integration allows users to choose the right routes, modes, and logistics providers for each shipment without the hassle of switching between forwarders.
Customizable Dashboards and Shipment Tracking
Freightos provides customizable dashboards that allow users to track shipments in real-time. The platform also includes shipment and exceptions management, ensuring that all shipments are monitored and managed efficiently in one place.
Document Management and Automated Invoicing
The platform offers comprehensive document management and automated invoicing, simplifying the administrative aspects of freight management. This includes features like contract management, compliance management, and landed cost calculation.
Analytics and Reporting
Freightos provides advanced analytics and reporting tools, helping users make informed decisions based on data. The platform includes the Freightos Baltic Index, a global freight market intelligence solution that offers industry benchmarks.
Customer Support and Additional Services
Freightos offers robust customer support, including a customer portal, multi-currency and multi-language support, and API integration. Additional services include insurance for shipments, customs clearance assistance, and a net 30 payment option where Freightos pays for the shipment and the user pays back within 30 days.
Route Optimization and Cost Calculation
The platform includes route optimization and cost calculation features, ensuring that users can find the most efficient and cost-effective routes for their shipments. This helps in reducing costs and improving the overall shipping experience.
Benefits for Users
- Transparency and Vendor Selection: Freightos provides a neutral platform where users can compare quotes from multiple forwarders, ensuring transparency and allowing for better vendor selection.
- Time and Cost Savings: By streamlining the freight booking and management process, Freightos helps users cut down the time and money spent on dealing with freight.
- Flexibility and Scalability: The platform is suitable for businesses of all sizes, from startups to large enterprises, offering the flexibility to work with multiple forwarders simultaneously and manage multiple shipments efficiently.
In summary, Freightos is a comprehensive digital freight marketplace that revolutionizes logistics management by offering instant quotes, seamless booking, advanced analytics, and robust management tools, all designed to make global trade smoother and more efficient.