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March 17, 2003
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Management Dynamics Releases Rate Explorer Version 9.0
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Proven ocean contract management solution further streamlines publishing, implements auto-rating, and offers "proposal quality" reporting
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EAST RUTHERFORD, NJ, March 17, 2003, Management Dynamics, Inc., a leader in tariff and contract management solutions for the ocean transportation industry, today announced the release of Rate Explorer Version 9.0. This release is Management Dynamics' third release in the past year and represents a collaborative effort between the company and more than 6,000 global users to extend the capabilities of its proven contract management solution. Based on customer feedback, Rate Explorer 9.0 improves the efficiency of the contract publishing process, provides integration adapters for auto-rating, and offers enhanced ad-hoc query and "proposal quality" reporting tools.
John Preuninger, Management Dynamics' president and chief operating officer, said, "We are pleased to announce the release of Rate Explorer Version 9.0 which is currently in production with all of our customers. Management Dynamics has built its reputation on the real-world performance of Rate Explorer, which currently manages more than 10,000 calculable service contracts, 60,000 amendments, and nearly 8,000,000 transactions per month." He continued, "Rate Explorer Version 9.0 is an example of our commitment to provide the most reliable and technologically-advanced contract management solution to our rapidly expanding user base."
"Barthco is using Rate Explorer to better support our field operations with quotations that are produced faster and with pricing that accurately reflects our total bottom-line costs", said Paul Muller, senior vice president of Barthco Logistics, Inc. "The 9.0 release offers even more powerful calculable contracts with a new user interface and reporting tools that is improving our rating productivity and allowing us to expand our invoice audit process."Rate Explorer Version 9.0 EnhancementsRate Explorer 9.0 represents more than 20,000 development hours, and over 50 significant functional enhancements designed to improve system performance and end-user productivity including:
Powerful Publishing Tools
- Develop advanced contract rules to capture the most complex commercial terms and conditions
- Easily and accurately build outport arbitrary and inlands rate tables with a new spreadsheet-based tool
- Quickly test contract rules to ensure proper assignment of rules to a calculable service contract
- Streamline rate amendments with a powerful new search engine to select and update affected rates by scope, commodity, equipment and other variables
- Preserve source document formatting for contract terms
New Auto-Rating Capabilities
- Streamline documentation processes by auto-rating bookings, shipping instruction, and bills-of-lading
- Post accurate bottom-line freight charges to expense accrual accounts
- Integrate with ERP or liner management systems with proven XML interfaces
Enhanced User Experience
- Improve session productivity and ease-of-use with new application branding
- Use improved ad-hoc reporting capabilities to define custom reports against any contract element
- Build "proposal quality" reports to support internal and external price quotes and management reporting
"When you consider the constraints of the U.S. Customs' 24-hour rule that ocean shippers must comply with, the ability to shift paper-based tariffs to an electronic system where user can quickly and accurately make educated comparisons takes on added significance." According to Gerald McNerney, The AMR Research Alert, February 14, 2003. "The MDI application is set to solve a specific business problem. Introduced at an affordable price point, it is an excellent complementary product to procurement and transportation management systems."
Copyright 2002 - 2006 Management Dynamics, Inc. All Rights Reserved
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