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Users Guide for Trucking Broker Software
Efficiency, as well as timely delivery of shipments, is one of the most primary concerns for many trucking businesses and logistics brokers. Talking about a consumer, they like things done instantly. Whatever they want to buy, they just need it to be in the stock or want it right away. Also, if you are a company that is engaged in retail, distribution, third-party logistics, or e-commerce, and others, in case you are a truck broker or having a trucking business, timely, secure, and cost-effective transportation management is the right solution for you that makes you stand out in the market.
So, let us first start with the basics!
What Is Trucking Broker Software?
Broker software is a type of logistic software that is used primarily to perform tasks like shipment quoting, route planning, shipment tracking, and more. Many third-party logistics businesses use trucking broker software to facilitate their daily operations.
While some vendors provide trucking software as part of a bigger, included logistic platform, those systems may be too complicated or cost-prohibitive for small to medium-sized shipping businesses that only require functionality to manage some specific processes.
A smartly developed trucking broker software surrounded by unique and customizable features is a good tool for effectively managing the complicated along with the time-sensitive functions of shipping, logistics, and distribution. The real-time monitoring and tracking system, trucking compliance, tax and reports generation, truck mapping solutions, and ease to use with a user-friendly interface are some of the major features of a successful truck broker software.
Top Features of Trucking Broker Software
Load Management: With the freight broker software of the trucking businesses and trucking, brokers have successfully managed their daily business quite easily in a hassle-free way. Besides highlighting the loads in an easy-to-understand format, you can also access the load management and display the summary in terms of finances that effectively track your performance.
Invoicing: An efficient trucking broker software will provide you with various accounting features that can instantly be used to manage your accounting functions in terms of transportation. You can also integrate your own accounting package to complement your FBS and use it more professionally. It comes with various built-in-tools that include invoicing, settlement, receivable, accounts, financial reporting as well as profit and loss analysis.
Quotations: This allows you to evaluate prices for individual shipments based on aspects such as weight and distance. This function is required by 3PLs along with other trucking brokers to bid on shipments from the manufacturers.
Routing, Dispatching, and Planning: Talking about large businesses dealing in transport management software packages, they allow you to route planning and track the shipment, dispatch, and plan on the basis of distance, fuel prices, size of the load, and other crucial factors. Remember, it is quite suitable for domestic and international shipping-related operations.
Document Management: You can easily store every detail on the dashboard and access several tools to automate your processes accordingly. The right software is capable and can easily handle processes of every size keeping the complexities in mind. It has a simplified interface that allows you to streamline the tax or accounts-related activities, offers easy document management, and secures backups.
Integrate trucking broker software with accounting: Your software should allow you to easily reconcile your accounts. Several business owners as well as managers tend to rely on their eyes to identify any issues in terms of pricing. Additionally, it is a very labor-intensive process, it is somehow not considered to be the most effective way to handle such kind of work. Therefore, using the trucking broker software to put the red flags on the accounts-related issues, you will get a far more precise picture of the processes than if you try to achieve this all manually.
Real-time Reporting: Unlike other fleet management software a trucking broker software is limited to reporting capabilities with a few limitations related to the formats and other patterns. It lets you enter into any item you want, whenever you want to report regardless of your location.
“Behind every great leader there was an even greater logistician.”– M. Cox
Benefits of Trucking Broker Software
Find the Right Carrier for the Goods Being Moved: A right truck broker software, helps you determine the optimal carrier for every shipment and track fuel prices. It evaluates everything based on price and routes before finding the right logistics broker for you. Some software can intelligently filter out the available options to simplify the selection process. Also, it may offer a shipment consolidation function to pair with similar shipments altogether for cost-effective measures.
Compare Proposals from Prospective Carriers:
Your software must be able to compare the proposal from the potential carriers along with the ones you already own. This in general can take a lot of your time so as to review and perform the analysis on the carriers you are dealing with. Your software will automatically fill in all the details of the new proposals and compare the prices along with the consignment of the carriers you are using. This will help you to determine the best carriers to fulfill your shipping and related requirements.
Integration with Load and Truck Posting Websites:
The right software is hosted online, it is a cloud-based program that is managed by the software vendors. It can also be accessed by you from anywhere using an internet browser. These are generally subscription-based SAAS systems that are on a monthly or annual fee, usually based on the number of users who will require the system. Web-based deployment models are the common trucking software offerings on the market, specifically for small to medium-sized businesses.
Cargo Forwarding Software vs. Trucking Broker Software
The trucking suite is an end-to-end software platform for cargo forwarding companies consisting of CRM- Customer Relationship Management, ERP- Enterprise Resource Planning as well as accounting. Cargo forwarding software tends to automate as well as integrate various features of cargo business like sales, customer support, logistics management, fleet or vehicle management, and much more. Here, the system can drive huge improvements in terms of the effectiveness of any trucking company.
Video Credit – LTB Freight
Whereas, Trucking Broker Software is the best recommended for trucking brokers and 3PL businesses, so you will never lose any order. Just forget to bill a shipper, or pay more to a carrier again. It is an all-in-one transportation management system that includes completely integrated trucking brokerage software tools that tend to increase visibility, efficiency, and asset management of your business in real-time.