Shipsta is a logistics intelligence platform that utilizes digital rate management, automated workflows, and real-time data to streamline freight procurement for shippers and carriers. The platform addresses inefficiencies in manual processes and market volatility, enabling users to optimize costs and enhance sustainability in their logistics operations.
Funding
$9.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TIFounders
Product
Problem
Freight procurement processes are often inefficient due to manual tasks, fragmented data, and market volatility, leading to increased costs and difficulty in achieving sustainability goals. Many companies lack real-time visibility into market rates and struggle to optimize logistics operations effectively.
Solution
Shipsta offers a logistics intelligence platform that streamlines freight procurement through digital rate management, automated workflows, and real-time data analysis. The platform enables shippers and carriers to make data-driven decisions, optimize costs, and enhance sustainability by integrating market insights and automating key processes. By connecting to various ERP, TMS, and other supply chain systems, Shipsta provides a centralized environment for managing shipments, legal documents, and invoices, ensuring compliance and mitigating risks. The platform's features include external benchmarking, green procurement options, and eAuction capabilities for spot rates, allowing users to proactively identify market opportunities and reduce their workload.
Target Audience
Shipsta's primary customers are shippers and carriers across various industries looking to optimize their freight procurement processes, reduce costs, and improve sustainability through data-driven insights and automation.
Features
- Digital rate management for current and historical freight rates across all transport modes and logistics service providers (LSPs)
- Automated freight tendering to improve efficiency and agility in procurement
- Spot tendering for quick creation of spot requests for quotation (RfQ)
- Autoprocure functionality powered by real-time data for smart procurement
- Smart optimization engine for generating optimized award scenarios
- Sustainability features to integrate environmental targets into procurement strategies
- External benchmarking to compare existing rates against market trends
- eAuction for spot rates to maximize savings through LSP competition
- Freight calculator to determine the best transport mode combinations based on user criteria
- Seamless integration with ERP, TMS, and other supply chain software via APIs