Name: Carrier Contract Negotiation
Author: ShipSigma

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The Carrier Contract Negotiation solution, offered by ShipSigma, aims to assist companies in analyzing their historical shipping data and negotiating new carrier agreements to uncover potential savings opportunities. According to the vendor, this product is suitable for companies of varying sizes that frequently ship parcels or freight, including retailers, manufacturers, e-commerce companies, food and beverage companies, as well as logistics and supply chain companies.

## Key Features

**Cost Modeling Analysis**: According to the vendor, the product conducts cost model analysis and what-if simulations using historical shipping data. It provides insights and analytics on shipping costs and profitability, helping businesses determine market-appropriate rates for parcel and freight shipping.

**Customized Carrier Network Strategy**: The vendor claims that the product develops a customized carrier network strategy based on specific business needs. It aims to execute the strategy with white glove service to ensure optimal savings while strengthening the relationship with carriers.

**Discount and Tier Management**: The product is said to verify contract implementation through discount and tier management. According to the vendor, it ensures that agreed-upon rates and discounts are correctly applied and monitors contract compliance to maximize savings.

**Surcharge Mitigation**: The vendor states that the product identifies and mitigates surcharges that can significantly impact shipping costs. It analyzes surcharge trends and provides strategies to minimize their impact, aiming to negotiate favorable terms for surcharges with carriers.

**Parcel Savings Analytics**: According to the vendor, the product analyzes parcel shipping data to uncover potential savings opportunities. It provides insights on shipping patterns, volume, and cost drivers, aiming to optimize parcel shipping spend and benchmark against peers.

**Contract Analysis**: The product is claimed to run a comprehensive analysis of existing carrier contracts. According to the vendor, it provides cost modeling and rate simulations to determine potential savings and offers a Shipping Savings Guarantee based on contract analysis.

**Contract Engineering**: The vendor states that the product assists in negotiating new carrier agreements based on cost modeling insights. It aims to help optimize contract terms and conditions for maximum savings and provides guidance on cargo liability, insurance, payment terms, and termination clauses.

**Contract Compliance**: According to the vendor, the product ensures proper implementation of negotiated contract terms. It manages discount and tier structures to maximize cost savings and conducts ongoing analysis and reporting to track contract compliance.

**Shipping Insights & Analytics**: The product claims to provide advanced data science and analytics for shipping optimization. It analyzes historical shipping data to identify potential cost reduction opportunities and offers actionable insights to optimize supply chain processes.

**Tech-Driven Negotiation**: According to the vendor, the product leverages proprietary technology to negotiate favorable contracts. It uses industry-leading cost modeling software to determine market-appropriate rates and aims to empower businesses with objective data and insights for effective negotiation.

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Standard

Concord

signNow is an eSignature solution with mobile apps for iOS and Android. signNow can be integrated into popular platforms and offers SaaS, public cloud, and private cloud deployment options with the same underlying API. This enables customers to leverage the power and usability of the signNow eSignature platform, while meeting their particular security and compliance requirements.

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airSlate SignNow

Carrier Contract Negotiation

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

ShipSigma

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Integration with other Systems

Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.

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Carrier Contract Negotiation

Overview

What is Carrier Contract Negotiation?