TMW Systems announced new functionality for users of the company's Engage Series bid management platform that allows for tracking and analysis of shipper commitments.
Orders can now be processed through a user's transportation management system (TMS) or other solution to be matched with the corresponding bid award, helping Engage users ensure that shippers are meeting or exceeding their agreements. The application can be used with any TMS or other business management solution.
The Engage.Bid application allows transportation providers to streamline the freight bidding process by simplifying the analysis and storage of shipper requests for proposal (RFPs), providing easy access to rates and volume commitments, and providing a streamlined workflow for responding to RFPs. The application lets users process more bids, in less time, with fewer resources, while offering insight to lane rate, revenue potential, and other key metrics, according to TMW. The newly released Engage Series functionality allows users to join this bid intelligence with data for the actual freight delivered.
“Carriers, brokers, and 3PLs invest a great deal of time and energy in researching and competing for new business, yet too often lose sight of the actual outcome of many of those contracts,” said David Wangler, president of TMW Systems. “Engage helps make them more efficient and competitive on the front end of this process, while this new integration functionality helps ensure they realize the negotiated volume and revenue from each contract.”
Related: TMW Updates Billing, Planning, Business Tools
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