Freightos Ltd

Solutions Segment

In our Solutions segment, we generate revenue through our SaaS offerings, which are typically recurring subscriptions priced per site or user per month, depending on the type of product or based on a negotiated global license. Customers may also purchase additional services or capabilities, such as data ingestion or API integrations, among others. This segment also includes subscriptions to our data products, such as FBX, FAX and custom market pricing data reports, which are priced per unit of time based on the number of users, granularity of data, number of data points and permitted data usage. We also generate some non-recurring revenue, including revenue from professional services such as engineering, customization and setup. SaaS fees are typically collected on a monthly, quarterly or annual basis.

We have been steadily expanding the scope of our Solutions segment over the recent past. One notable change has been to offer a dedicated ocean freight rate management, quoting and booking solution. This has seen initial uptake from enterprise and midmarket forwarders. We have also seen increased demand for our tender procurement and negotiation tool, which supports our long-term effort to extend from spot pricing and booking to annual contract pricing management and, eventually, air and ocean bookings conducted against annually tendered rates.