Contracts are vital business assets and need to be managed effectively. Efficient management of contracts is imperative to ensure continuity in contracting cycles and to conform to compliance requirements. Moreover, it also helps to curb unnecessary expenditure arising from errors.
In the extremely complex international shipping industry, achieving operational efficiency in contract management is a challenge for freight forwarders and shippers. Inefficiencies in contract management lead to significant financial and operational losses while impacting customer experience.
Contract Management Underpinned by Domain Expertise
Freight forwarders and shippers require an experienced partner, with the right expertise and solution, to streamline their contract management processes, curb unnecessary costs and ensure regulatory compliance. WNS has partnered with Portrix Logistic Software GmbH (PLS) to offer freight forwarders and shippers an agile solution to help address these challenges.
Portrix offers Global Price Management (GPM), a multi-modal freight rate and surcharge management application. The GPM solution package offers solutions for Rate Management, Allocation Management, Quotation Management, Ocean Schedule, Collaborative Sourcing and Reporting.
The Contract Management solution, a subset of the Rate Management solution, allows freight forwarders and shippers to optimize their contract management processes, better manage transportation rates, eliminate manual work and improve user experience.
Freight rates are made up of a complex combination of base rate, surcharges and inland rates. WNS understands the market volatility which causes these rates to be in a constant state of flux. We are also cognizant of the criticality of expiry dates and the requirement of rate updation prior to the expiry dates ensuring correct billing and invoicing.
WNS manages multimodal contracts for clients across all transport segments giving us deep domain expertise. We are adept in managing all facets of rate management including updating buying and selling rates, managing multimodal rate updates across multiple geographies and performing millions of rate updates in real time.
We have dedicated teams with expertise in contract management embedded across our global delivery centers. Our services are extended to clients from delivery centers they prefer for the engagement. The WNS-PLS synergy results in timely solutions to solve for challenges in contract management.