EAST RUTHERFORD, NJ, December 15, 2003, Management Dynamics, (www.ManagementDynamics.com), the market leader in price and contract management solutions for the ocean transportation industry, today announced that Crescent and Sea Traders Line have selected Rate Explorer® to improve pricing activities and better manage buy-side costs. Management Dynamics' momentum in the NVOCC market signals the importance of contract management for ocean transportation intermediaries.
"Rate Explorer is the only tool in the market that can both accurately disseminate our contracts, and make available to our personnel accurate and current costings," said Mike Davis, Vice President of Crescent Line. "At a time where contract surcharges can make or break a transaction, accounting for these items is critical. Rate Explorer's unique system allows all of our personnel to be confident when providing quotes."
"To support our growing business we use Rate Explorer to disseminate pricing to our local offices and eliminate the inefficient management of text-based contracts", said Keith Buford, President of Sea Traders Line. "Our productivity gains with Rate Explorer go beyond contract management; we can now assemble quotes in minutes and efficiently audit our freight bills."
With Rate Explorer, NVOCCs expand profitability from operations by better managing costs and by using contracted rates and service options to produce quotes that win more business. Management Dynamics converts spreadsheets and text contracts to a calculable format and manages the amendment process to ensure the highest levels of rating accuracy. A web-based service, Rate Explorer can be easily deployed with complete user security on a global basis in a matter of weeks to dramatically improve the quotation process, confirm rates prior to booking, and implement a reliable freight audit process. In this way, Management Dynamics clients realize benefits to both their top and bottom line.
"We welcome Crescent Line and Sea Traders Line to our growing NVOCC clientele", said John Preuninger, President and COO of Management Dynamics. "With heightened competitive forces in the market today, we expect that more NVOCCs will turn to Rate Explorer to manage two critical dimensions of their business: costs and customers."