Freight Rate Approvals
Get competitive and compliant freight rates with Cflow’s automated approvals

Why automate?
In the logistics industry, the costs and profitability are significantly impacted by freight rates. Evaluation of the proposed freight rates from carriers or internal departments in order to ensure that they are aligned with the budgetary constraints and market conditions is the first step in the freight approval process. Managers are unable to make timely decisions or get real-time status updates in manual workflows. Also, manual freight approvals are plagued by delays, inconsistencies, and potential cost overruns..
An automated freight rate approval workflow helps logistics managers assess and approve freight rates swiftly and efficiently. Streamlined workflows ensure that only compliant and competitive freight rates are approved, which minimizes risk of loss of revenue. Automation of the freight rate approval process is based on pre-set criteria, such as budget limits, service levels, and market trends. Moreover, logistics managers can compare multiple rate proposals and negotiate aggressively with automated workflows.
Other benefits of automation include – greater transparency, real-time status tracking, and seamless access to past data for audit purposes.The occurrence of disputes is also minimized and all approvals are documented accurately.
How Cflow Can Help:
Efficient Rate Evaluation
Cflow automates the freight rate approval process, which allows quick and efficient evaluation of rates against budget and market conditions.
Improved Negotiation
Multiple rate proposals can be compared in Cflow, enabling logistics managers to make informed decisions and negotiate better terms with carriers and vendors.
Transparency and Accountability
The deeper visibility that managers gain from Cflow enables real-time tracking of freight rate approvals and ensures that all decisions are well-documented.
Cost Control
The risk of cost overruns is greatly reduced by Cflow by ensuring only the most competitive and compliant freight rates are approved.
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