New SaaS-Based Solution Uses Advanced Data Science to “Reveel The Unknown” in Complex Parcel Shipping Agreements;
Free Version Offers Industry First Peer Benchmarking and Audit Credits
Reveel announced the launch of its Shipping Intelligence Platform, a Software-as-a-Service (SaaS) based analytics, contract analysis and negotiation solution that will help customers ensure they are always receiving the most beneficial parcel shipping rates, leveling the playing field with carriers.
Reveel’s Shipping Intelligence Platform monitors contracts and alerts users to agreement expirations, utilizes advanced data science and analytics to identify and recommend cost reduction opportunities, enables a continuous improvement process to optimize parcel shipping spend and establishes a first-in-the industry program – the Reveel Peer Index, or RPI – to benchmark shippers against their peers.
The small parcel industry has been a duopoly for many years. Package shipping agreements from the major two carriers are overly complex, with hundreds of terms. Because of their market advantage, the lack of transparency, and the massive increase in volume due to the pandemic, carriers are able to raise rates and increase surcharges almost at will (rates increased by an average of 4.9% at the start of the new year and new surcharges were announced in May 2021).
As any company shipping high-volume parcels knows, shipping performance can mean the difference between gaining or losing market share. Shipping rate increases can also be particularly detrimental in highly competitive markets where margins are low.
With the Shipping Intelligence Platform, Reveel eliminates the complexity and confusion around modern carrier agreements to deliver the data and information shippers need to attain the best rates and terms. Reveel guarantees that any shippers using the platform will realize cost savings of at least 3% and as much as 29%, based on the solution tier selected.
“With the launch of this Platform, we are fundamentally changing the way the industry looks at parcel shipping expenses by giving leverage back to individual shippers,” said Josh Dunham, co-founder and managing partner of Reveel. “For years, carriers have thrived because of complex, confusing agreements that they themselves don’t always adhere to. Shipping Intelligence changes this by providing the individual contract and industry-wide information and transparency needed to level the playing field.”
Reveel increases efficiencies and cost savings through a “flywheel effect” process that follows contract analysis and negotiation with an advanced analytics platform that actively manages, monitors and alerts customers of ways to get the most out of carrier agreements, based on myriad factors including shipping volume and existing terms. Shipping Intelligence arms organizations with industry best practice data and information of singular value in renegotiating existing shipping contracts.
“As a longtime customer of Reveel and a participant in the pilot of its Shipping Intelligence Platform, we’ve seen firsthand how easy it has made it to understand our carrier agreements and identify and secure savings options that we would never have discovered previously,” said Brandon Beasley, VP of Operations at Gunner Kennels. “The visibility gained by being able to quickly analyze multiple agreements and see the overall effect it will have on profitability and shipping spend is revolutionary – and please don’t take that comment as hyperbole. This tool is a game-changer.”