The Atlanta-based startup Freightro has made a major breakthrough in the freight technology space with the launch of its new payment portal, FreightroPay. This innovative solution is designed to simplify the often manual and time-consuming process of freight audit and payment for shippers. By consolidating payments into one platform, FreightroPay aims to reduce errors and delays, while also freeing up resources that can be redirected towards revenue-generating activities.
The new platform, which is part of Freightro's Shipper Transportation Management System (STMS), offers a range of features that cater to the needs of both full truckload (FTL) and less-than-truckload (LTL) shippers. With FreightroPay, shippers can now procure and manage contracted and spot freight, analyze transportation spend, and negotiate with providers in real-time.
The platform's approach to consolidation predates the payment feature, with Freightro's founders emphasizing the limitations of scattered quoting processes. By bringing everything into a user-friendly dashboard, Freightro aims to provide end-to-end visibility without extra tools or integrations, allowing shippers to redirect their accounting resources towards more productive activities.
Freightro's president and founder, Matt Costello, has highlighted the benefits of the platform in reducing manual errors and increasing transparency. 'Even at Fortune 500 companies, freight audit and payment is a highly manual process that often includes invoice verification, coding, and multi-provider payments,' he noted. This has led to errors and delays, as well as wasted resources.
The launch of FreightroPay represents a significant shift in the freight industry, as it streamlines the complex process of freight audit and payment into a single, user-friendly platform. By doing so, Freightro is addressing the fragmented nature of current industry practices, which have long plagued shippers of all sizes.
Freightro's approach to neutrality has also been a key factor in its success, with the company emphasizing its commitment to staying completely neutral and avoiding any conflicts of interest. 'We are Switzerland; we want to stay completely neutral,' Costello said. This approach has allowed Freightro to build trust with its customers and establish itself as a reliable partner in the freight technology space.
The platform's low barrier to entry is also a major advantage, with even complex implementations taking less than a week. Larger manufacturers can use the system to centralize freight shipping operations across multiple locations, combining automation with real-life customer support from transportation experts.
Freightro has already seen significant success with its STMS platform, with one client reducing its team and achieving 177% cost savings. Sales staff received larger commissions as a result, demonstrating the potential for Freightro to drive meaningful revenue growth for its customers.
As the freight industry continues to evolve, solutions like FreightroPay are likely to play an increasingly important role in streamlining processes and improving efficiency. With its innovative approach to consolidation and payment, Freightro is well-positioned to capitalize on this trend and establish itself as a leading player in the freight technology space.
The launch of FreightroPay represents a significant shift in the freight industry, as it streamlines the complex process of freight audit and payment into a single, user-friendly platform.
