Freight broker software is a necessary type of freight management system (TMS) that streamlines freight brokering operations by automating carrier choice, sourcing, dispatch, collection, billing and payment to shippers, and users. The system also reduces freight costs by reducing peak hours of business and consolidates shipper loads by classifying shipments. In addition, the software programs offer inventory control, quote management, and inventory optimization and real-time updates. Certain types of freight broker software programs are web based and therefore require the use of Internet technologies such as Active X or Java, or a Java based application. Other types of freight broker software programs are desktop-based and do not need any installation on the computer for processing.
A freight broker software program is designed to improve the efficiency and profitability of the freight dealers and shippers. It eliminates many manual functions, making the operation more streamlined. The software programs have features such as real-time quotes, flexible routing options, e-commerce shopping carts and advanced reporting. Freight brokers can use the software programs to monitor their accounts and credit status. They can also use the programs to generate invoices and receipts. The programs increase efficiency by reducing physical inventories and eliminating paper-based processes such as invoicing.
Freight brokers can use the programs to connect to other freight brokers and shippers. When a customer orders something online, it is forwarded to the other freight dealer and then to the shipper. When a customer sends a text message to the freight broker's phone, the phone goes directly to the computer where the software programs to send the messages. When a customer places an order through a Web site, the program matches the request to a freight dealer that has an account with the company. This allows the freight broker to access the account information to see if the customer has already placed an order.
Freight brokers may also receive a commission based on the volume of sales they make. The software program will generate a bond based on the volume sold. This bond is between the freight broker and the shipper, not the customer. If a broker receives a higher commission, he or she may be tempted to undercut the competing companies' bonds, resulting in lower volumes for customers. The freight brokers software can help you in getting sales leads for freight brokers.
Before allowing any freight brokers to sign up for the program, make sure they are bonded. Most freight brokers get this form of insurance from their existing broker firms. However, many brokers to opt out of the bonding process and instead obtain an independent contractor bond. Freight brokers can be sure they are meeting all of the necessary requirements for their independent contractor bond by checking their company history and passing an integrity assessment. By passing the assessment, brokers can be sure they are not exposing their company to potential losses, since their bond is with an external company.
For companies in need of freight brokerage systems, it pays to research the suppliers' background carefully. Make sure you are getting the best system for the best price. It also pays to ask upfront how your specific needs will be handled. That way, if you have any problems, you can talk with the company's support team. It's good to click on this site to learn more about the topic: https://en.wikipedia.org/wiki/Freight_broker.