Reveel, the only Shipping Intelligence™ Platform with Parcel Spend Management 2.0 (PSM 2.0) technology, along with ProShip, the leading multi-carrier shipping software provider, has officially announced the launch of a new, fully integrated parcel shipping solution.
According to certain reports, the stated solution banks upon ProShip’s powerful shipping automation, as well as Reveel’s advanced analytics and order-level cost intelligence capabilities. More on that would reveal how ProShip and Reveel tread up a long distance to empower executive leaders, finance departments, and supply chain professionals in optimizing their operations, better controlling costs, and radically improving the performance of business functions that depend on the economical and reliable delivery of parcels.
This particular offering is understood to be useful for the fulfillment departments of omnichannel and e-commerce retailers, manufacturers engaged in direct-to-consumer (DTC) sales, healthcare providers delivering therapies to patients in need, and teams charged with keeping businesses up and running.
“The savings we saw right out of the gate are just the beginning of the benefits we see in taking the more strategic, technology-enabled approach to fulfillment our work with Reveel and ProShip is delivering,” said Jonathan Farber, transportation director at U.S. AutoForce. “With real-time rate shopping and order matching, we gain even deeper visibility into our per-order shipping costs and the variables that influence them. We also gain the ability to file claims far more effectively, and to streamline and strengthen our financial processes, including the tracking of accruals.”
Talk about what makes ProShip an ideal partner for such an effort, the answer resides in its multi-carrier shipping software solution, which is relied upon by more than 30% of the top 100 retailers to optimize carrier service levels by matching each parcel with the right delivery option, balancing cost, and estimated delivery date promises.
As for Reveel’s own credentials, they stem from its Shipping Intelligence Platform, which gives shippers unprecedented visibility and control over the complex web of constantly changing variables that can dramatically impact the costs to ship any one parcel. These variables include surcharges, zonal regulations, and parcel dimensions.
Using advanced data science and artificial intelligence, the company is able to provide customers with everything from detailed carrier contract comparisons, to powerful modeling technologies that let shippers simulate comprehensive “what-if” scenarios, thus helping them save substantial amounts of money.
On an average, Reveel’s customers see their parcel shipping costs decrease by 22%, with many achieving significantly higher savings.
“The singular impact parcel shipping performance has on the profitability of any organization that sells online is well-known, but it’s equally relevant to other industries – as leaders in operations and finance increasingly know,” said Marc Aliotta, vice president of alliances at Reveel. “Together ProShip and Reveel empower shippers, c-suite leaders and departments that benefit from shipping performance – from marketing and sales, to accounting and finance – to better manage costs, ensure compliance, and improve business operations.”
Taking a deeper view of the benefits one can expect from Reveel and ProShip’s collaborative offering, we begin from its promise to provide total parcel cost control. You see, with ProShip’s automated carrier management and label generation, placed next to Reveel’s invoice reconciliation, businesses can gain the comprehensive control needed to allocate and analyze parcel costs with precision.
Next up, there is a facility focused on simplifying multi-carrier management. This translates to how ProShip centralizes and automates the management of multiple international, national, regional, and same-day/next-day carriers via API and on-platform engines, reducing costs and saving time.
Another detail worth a mention is rooted in the prospect of generating order-level visibility which is supported by Reveel’s ability to connect carrier invoice data with order and SKU data, enabling true cost accountability per shipment long before carrier invoices are received. Not just that, such a mechanism also gives finance teams the ability to track accruals for real-time visibility into spend.
Rounding up highlights would be the means to ensure airtight financial governance. We say so because the integrated solution enables financial leaders and teams to identify billing errors, optimize carrier usage, and drive smarter contract decisions – all from a unified dashboard, informed by ProShip’s rate shopping and service selection shipping platform.
