The portal-based ocean transportation technology provider INTTRA has formed an alliance with rate management and negotiation developer CargoSphere to combine schedule, rate management, and shipment management functions on a single platform.
The service will seek to leverage INTTRA’s Ocean Schedules and Booking Application Programming Interface (API), along with its multi-carrier shipping platform, against CargoSphere's rate engine and contract management capabilities.
The main benefits, the companies said, would be increased decision-speed, the ability to seamlessly initiate shipments, and the removal of manual processes required to shift data from one system to another. INTTRA and CargoSphere said their systems will continue to be compatible and would not require future integration efforts when their systems are updated.
CargoSphere President Neil Barni said that the service will also ease problems during invoicing and rate dispute resolution.
CargoSphere's system is based on users developing their own confidential rate networks, with more than 100 million rate connections currently being made across the globe. It deploys Software-as-a-Service (SaaS) synthesized rate management, rate negotiations, and quoting in one continuous process. INTTRA is one of the larger multi-carrier e-commerce networks for the ocean shipping industry and has a partner network of roughly 109 software member companies.
American Shipper wrote
about CargoSphere in May 2011.