Abstract

Cozentus partnered with a leading logistics and transportation company to implement an automated Rate Card Management Solution. This solution simplified rate management with smart pricing tools, centralized rate storage, and real-time financial checks. The company reduced manual work by 60%, gained better insights into margins, and made smarter pricing decisions. As a result, their operations are now more efficient, transparent, and scalable.

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Challenges

Rate Management Problems

Manual rate management through email was slow and error-prone

Benefits to Client

  • Benefits to Client
  • Cut manual rate processing time by 60%
  • Standardized and simplified pricing workflows.
  • Increased profitability by 15% with smarter decisions.
  • Made bookings 40% faster.
  • Reduced revenue loss by 20% with better pricing strategies.
  • Gave real-time insights into margins and profits.
  • Scaled easily to handle 30% more shipments.
  • Ensured 100% compliance with pricing rules.
  • Reduced errors in rate calculations by 90%.
  • Improved transparency and cut pricing disputes by 25%.
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Cozentus Solution

Cozentus developed a custom Rate Card Management Solution using advanced technologies to address the client’s challenges. The solution offers the following features:

  • All rate cards are stored in the solution, making it easy to access, organize, and update data.
  • An integrated AI engine automatically calculates rates with precision.
  • It’s dynamic pricing adjusts real-time rates based on market trends and business needs.
  • Rates are validated immediately to ensure accuracy and compliance with financial standards.
  • The solution supports multiple carriers and transportation modes.
  • The solution integrates with existing procurement, billing, and ERP systems.
  • Real-time financial insights and dashboards give visibility into margins and profits.
  • Advanced analytics monitors rate changes and generates reports for better decision-making.

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Client Quote

“The Rate Card Management solution from Cozentus has completely transformed the way we handle pricing. Tasks that used to take hours are now done in minutes, with far greater accuracy. The real-time financial insights have been invaluable, allowing us to make better, data-driven decisions. We’ve seen significant improvements in efficiency and are confident this system will support our future growth."

— Pricing Manager, Logistics and Transportation Company

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