Bear Cognition Introduces AI-Driven Revenue Optimization Tool for 3PL Providers

Charleston, SC / ACCESSWIRE / May 23, 2024 / Bear Cognition, a leader in data-driven business intelligence, has unveiled its innovative Revenue Optimization System (ROS). This tool aims to enhance profitability and efficiency for third-party logistics (3PL) providers and will be showcased at the Freight Waves' Future of Supply Chain show in Atlanta on June 4th.

The ROS tool reduces the time spent analyzing competitor invoices from hours to minutes. Using advanced Optical Character Recognition (OCR) AI, it transforms static shipment invoices into actionable insights, optimizing for maximum margins or customer savings.

"Our ROS tool automates labor-intensive processes, saving time and increasing accuracy and profitability," said Mike Mullen, COO of Bear Cognition. The tool has cut invoice processing time by 92%, aiding customer engagement and acquisition activities. Additionally, it has achieved a 5-7% increase in margin points through optimal pricing strategies.

Bear Cognition will also present a new version of ROS tailored for less-than-truckload (LTL) shipments, highlighting its commitment to innovation in the logistics industry. "Our participation at the Freight Waves show offers a fantastic opportunity to demonstrate how ROS can transform logistics operations," added Mullen.