Freightos Procure logo

Freightos Procure

by Freightos Ltd · Since 2011
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Active1+ countriesCloud
Quick facts
VendorFreightos Ltd
Year launched2011
StatusActive
LocationAvenida Diagonal 211, 10th Floor (Torre Glòries), Barcelona 08018, Spain.
Countries served1+
Languages8
Integrations
Free tier
Free trial
Contact salesYES

About Freightos Procure

Freightos Procure is a procurement software from Freightos Ltd that focuses on freight and logistics management. It combines rate procurement, supplier management, and data analytics so users can make informed purchasing decisions. The platform provides real-time access to freight rates and offers tools for comparing suppliers. Users can also analyze historical data to improve their procurement strategies. Additionally, Freightos Procure supports collaboration among team members and improves transparency in the procurement process. Key capabilities: rate management supplier comparison analytics dashboard historical data analysis team collaboration Best for: logistics managers and procurement professionals that need to efficiently manage freight costs and supplier relationships.

Freightos Procure offers a modern, cloud-based solution for handling complex freight procurement at enterprise scale. By digitising and automating RFQs, tendering, contract management, and carrier selection — across air, sea, road, rail and parcel — it significantly reduces manual workload and enables procurement teams to operate with greater agility. The capability to benchmark rates in real time and manage both long-term contracts and spot freight provides important flexibility in volatile shipping markets. Integration via API into existing ERP or TMS systems further simplifies adoption, allowing companies to embed freight procurement into their broader logistics infrastructure. For large importers/exporters or enterprises with a high volume of shipments, Freightos Procure can deliver tangible cost savings and operational efficiencies. However, the lack of publicly transparent pricing, a publicly accessible integration directory, and absence of a marketplace for plug-ins may limit flexibility and transparency. Smaller shippers or companies with simpler logistics needs may find the platform too comprehensive and potentially expensive.

Pros & Cons

What users like
  • +Automates complex tendering tasks, significantly reducing the manual workload for procurement teams
  • +Provides real-time freight market benchmarks that help companies negotiate better pricing
  • +Supports multiple shipping modes, allowing centralized management of all freight procurement activities
  • +Enhances supplier selection accuracy through performance-based scorecards and analytics
  • +Integrates with ERP/TMS systems to streamline data flow across the supply chain
What users flag
  • May require process changes for teams transitioning from manual procurement workflows
  • Limited public information on the number and type of supported ERP/TMS systems
  • Some advanced features may require training for full utilization
  • Heavy reliance on accurate internal rate data for optimal benchmarking results
  • Migration from legacy procurement systems may be time-consuming

Features

Key features

Automated tendering workflows
Automate freight tenders to reduce manual effort and accelerate procurement cycles
RFQ automation
Generate and manage spot RFQs quickly for faster supplier responses
Supplier scorecards
Evaluate logistics service providers using performance-based metrics
Real-time market intelligence
Benchmark freight rates against global spot and contract markets in real time
Historical rate management
Store and compare historical freight rates for smarter decision-making
Centralized procurement hub
Maintain all freight data, contracts, rates, and suppliers in a unified platform
Mini-bids execution
Run rapid mini-bids to adjust to changing freight market conditions
Multi-modal support
Manage procurement across ocean, air, road, rail, and parcel shipments
Rate comparison engine
Compare supplier quotes instantly to identify cost-optimized routes
ERP/TMS integrations
Connect procurement processes with existing enterprise systems
Contract management
Digitally manage freight contracts and rate validity periods
Vendor negotiation tools
Use data insights to improve negotiation outcomes with carriers
Single source of truth
Align stakeholders through a unified, real-time logistics data environment
Workflow compliance
Standardize procurement workflows to ensure governance and consistency
Data-driven supplier selection
Use analytics to select optimal carriers for cost, speed, and reliability

Additional features

Automated tender creation
Replace manual tender building with structured digital templates
Bulk RFQ issuance
Send RFQs to multiple suppliers simultaneously with standardized formats
Supplier data management
Track supplier details, performance, and contract history in one place
Freight rate repository
Store contract and spot rates for easy comparison
Dynamic benchmarking
Compare internal rates against global market benchmarks instantly
Integrated analytics dashboard
Visualize spend, supplier performance, and rate fluctuations
Mini-bid automation
Conduct rapid mini-bids to capture interim market opportunities
Real-time market updates
Receive live changes in freight market conditions affecting pricing
Multi-modal rate support
Handle rates across all major transport modes
Contract lifecycle management
Manage validity, renewal, and compliance of freight contracts
ERP/TMS integration APIs
Sync procurement data across enterprise systems
Centralized document storage
Keep tenders, contracts, and rate sheets in one location
Negotiation assistant tools
Identify cost-saving opportunities during negotiations
Supplier performance comparison
Evaluate carriers based on KPIs like price, speed, and reliability
Procurement workflow automation
Standardize internal procurement processes for consistency

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

1
Countries served
8
Interface languages
10
Billing currencies

Available in

All Countries.

Interface languages

EnglishSpanishGermanFrenchArabicItalianPortugueseSimplified Chinese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB🇲🇽MXN

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