Railroads face a unique set of challenges in managing customer contracts:
Long cycle times to generate and approve contracts. Redundant entry of information by multiple functions. Lack of integration with rail industry systems. Errors and inconsistencies. And all of this is against the backdrop of an economy where speed of response is a competitive advantage.
RailConnect Contract Management is a fully integrated contract platform, designed uniquely for railroads, that manages the lifecycle of all freight service contracts, provides visibility to stakeholders across the organization, directly connects contract data with REN (Rates EDI Network) and RMS (Rating Engine), and optimizes the contracting process.