Solvo.ai: Revolutionizing Freight Forwarding Pricing
Solvo.ai combines artificial intelligence with human expertise to transform the pricing strategies of freight forwarders. It offers a powerful Price Optimisation Engine that enables intricate pricing decisions and generates optimal prices.
The core features of Solvo.ai are impressive. It increases quotation efficiency by automating and controlling pricing policies, handling customer requests faster. It also provides more adaptability and resilience with dynamically updated price suggestions and active learning from real-time market feedback. Additionally, it improves yield performance with clear commercial steering and data insights that help grow and protect margins.
Using Solvo.ai is straightforward. Trained on real data, its AI models guarantee robust and powerful performance. Users can model their pricing by gaining insights from complex, historic, and real-time customer buying behavior. They can set and manage KPIs at a Trade Lane or Port Pair level and optimize core KPIs such as gross margin, revenue, quote conversion rates, and efficiency. Moreover, they can generate dynamic price recommendations and measure pricing performance to continuously adapt to supply and demand changes.
The benefits of Solvo.ai are significant. It has demonstrated the ability to boost KPI performance while maintaining customer conversion levels and has proven faster recovery from disruptions while managing acceptable risk levels.
In the freight forwarding industry, where improving margins is a constant challenge, Solvo.ai offers a valuable solution. It empowers freight forwarders to be more efficient and profitable by combining domain expertise with machine learning, enabling them to deliver a pricing strategy that is future-proof and adaptable to market changes.
