PROS Now Powers Nearly 40% of Top Air Cargo Market Players

Rhea-AI Summary

PROS has partnered with Qatar Airways Cargo, enhancing its position as a leader in the air cargo sector. PROS' Smart Price Optimization and Configure Price Quote solutions aim to optimize real-time pricing, driving up to 3% profit improvements and 5% win rate increases for customers. The collaboration will facilitate quicker, customized offers for clients while addressing the industry's digital transformation challenges. With this partnership, PROS now powers three of the top six international cargo carriers, emphasizing its strategic contribution to the air cargo market.

Positive

• PROS collaborates with Qatar Airways Cargo to enhance market position.
• Potential profit improvement of up to 3% and win rate increase of up to 5%.
• Integration of real-time pricing and CPQ solutions streamlines sales processes.

Negative

• None.

PROS has been enlisted by Qatar Airways Cargo for its proven pricing and CPQ capabilities to drive profitable growth

HOUSTON--(BUSINESS WIRE)-- PROS^® (NYSE: PRO), the CFO’s best-kept secret for profitable growth, isn’t such a secret in the air cargo market. With the addition of Qatar Airways Cargo, the world’s largest international air cargo provider, PROS is a market-leader, powering nearly 40% of the top air cargo providers. Together, PROS Smart Price Optimization and Management and PROS Smart Configure Price Quote deliver impactful results to air cargo customers—up to 3% profit improvement and up to 5% win rate improvement—by optimizing prices across online platforms in real-time, providing enhanced customer experiences and driving profitable growth.

PROS market expertise is an advantage for air cargo companies as the industry continues to face disruption with volatile and often unpredictable supply and demand patterns across the global network. The industry is undergoing a digital disruption, with online platform providers making digital distribution and self-service essential to compete. With PROS, air cargo companies can optimize all sides of the margin equation, embedding real-time strategies, market data, performance insights and leveraging PROS AI – all seamlessly integrated into the sales ecosystem to deliver real-time, omnichannel quotes designed to maximize profits and provide a competitive advantage.

PROS proven track record and in-house air cargo expertise were critical deciding factors when it came to Qatar Airways Cargo selecting PROS for its continued growth and digital transformation strategy. With seamless integration in Qatar Airways Cargo’s sales platform, PROS real-time pricing and smart CPQ solutions will enable Qatar’s sales teams to quickly configure specific and custom curated offers for every customer while allowing customers to self-serve and book online, powering more profitable bookings.

Air Cargo: Flying High with PROS

With the addition of Qatar Airways Cargo, PROS powers three of the top six international cargo carriers. Across the industry, PROS has helped customers drive double digit growth and address demand spikes within supply and capacity constraints by quickly delivering unmatched, real-time price optimization and omnichannel quote-to-cash capabilities.

“The air cargo industry, while experiencing a period of great disruption, is also poised for continued, long-term growth,” said PROS Vice President of B2B Sales for EMEA and APAC, Sheida Ashrafi. “Companies that embrace AI-powered real-time pricing and quoting capabilities and seamlessly deliver them online, will find themselves meeting the needs of their customers and capturing increased market-share as they grow profitability and outperform their competitors.”

PROS air cargo solutions are designed to handle the complexity of the industry and scale as companies see continued growth. With deep industry knowledge, the PROS team is experienced in integrating with complex air cargo system landscapes, enabling PROS to become the single source of pricing and selling excellence in the industry.

For more information on PROS capabilities across transportation and logistics, visit https://pros.com/industries/transportation-logistics.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is your company’s best-kept secret for profitable growth. Viewed as a market-leader by both Gartner and IDC for its CPQ and price optimization capabilities, PROS advanced AI delivers results to the world’s top brands including Cargill, Etihad, Honeywell, HP, Lenovo, Lufthansa, Siemens and more. With more than 30 million AI models, PROS award winning AI is the driving force in processing more than 2 trillion transactions per year. PROS customers report up to 96% efficiency gain, up to 5% margin improvement and up to 20% revenue lift, according to a recent ROI study. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s SaaS shopping and selling optimization solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of SaaS shopping and selling optimization solutions such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005416/en/

Amy Williams

awilliams@pros.com

713.335.5978

Source: PROS Holdings, Inc.

FAQ

What is the significance of PRO's partnership with Qatar Airways Cargo?

The partnership enhances PRO's market leadership in the air cargo sector and aims to optimize pricing strategies for Qatar Airways Cargo.

How much profit improvement can customers expect from PRO's solutions?

Customers can expect up to a 3% profit improvement from PRO's Smart Price Optimization solutions.

What are the features of PRO's Smart Configure Price Quote solutions?

The solutions enable real-time pricing and quick customization of offers for customers, enhancing sales efficiency.

Which companies does PRO currently power in the air cargo industry?

PRO powers three of the top six international cargo carriers, including Qatar Airways Cargo.

How does PRO's technology address challenges in the air cargo market?

PRO's technology helps companies adapt to digital transformation and volatile supply-demand patterns by optimizing pricing and sales processes.