PRISM: Freight Pricing and Rating Engine for Logistics

A few of the large players in the global logistics industry have launched onto a high-growth trajectory, while a few others have struggled in the wake of sudden supply-chain disruptions and geopolitical risks.

Coforge's domain-experience-led technology transformation and digitization expertise has helped leading logistics and shipping organizations accelerate growth, transform the customer experience, and become more agile as global consumers increasingly depend on the movement of goods worldwide.

Coforge Freight Pricing & Rating Engine (PRISM), built on the Pega Platform, gives Less-than-Truckload (LTL) carriers a platform to quickly respond to market opportunities by incorporating available industry class rates, designable pricing plan constructs, and a world-class business rules engine. PRISM helps global transportation and logistics companies crush business complexity and operate smarter, simpler, and faster.

PRISM Features

• Gives Pricing Analysts the power to create reusable, configurable pricing elements and system-controlled custom pricing logic.
• Is designed to eliminate effort through high-volume import/export features throughout the application.
• Has pre-built industry integration connectors, and developing new integrations is much faster.

Existing customers of PRISM have realized the following benefits

• 30%+ improvement in auto-rating.
• Able to apply for GRIs in hours vs. 2-4 weeks.
• Creating new pricing agreements in hours/days vs. weeks.
• Opened up a new business, which "would have taken 18 months" to make AS/400 changes.
• Decommissioned AS/400 applications.
• Eliminated over 50k per hour/year.
• Large discount/weight break line-item agreements loaded in hours vs. weeks.