Echo Terminology

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Author:
jrecords33
ID:
263820
Filename:
Echo Terminology
Updated:
2014-02-24 23:48:59
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Echo
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Echo Terminology Glossary
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  1. 2.0
    Enhanced Rating Engine found in Optimizer and EchoTrak when creating LTL Quotes and building LTL Loads, on the Carrier Selection page.
  2. Account Default Notes
    Notes that need to appear on every BOL (External Notes - populates under External Special Instructions) or notes that need to appear for internal reference (Internal Notes - populates under internal Special Instructions)
  3. Account Details
    Location in Optimizer where account info is stored, including account history, billing info and account settings; ability to access Account Workspace
  4. Account Executive
    Handles day to day operations of an account
  5. Account Owner
    Owns the account and receives commissions on loads moved.
  6. Account Status
    Status of the account, such as Active or Inactive; All account default to Active status
  7. Account Workplace
    Location in Optimizer where load history and quote history are visible, EchoTrack clients can be set up, and account activity can be logged; access is permission/role based
  8. Active Lead
    A Lead that has been converted into an Account
  9. Audit Trail
    Tracks EchoTrak set up History
  10. Auto Dispatch
    Setting under an account that will automatically auto-tender all loads entered in Optimizer, without giving the rep a dispatch option; specific requirements must be met
  11. Auto Tender
    Electronic dispatch capability; sends load info straight to LTL carrier; Only for LTL shipments; specific requirements must be met
  12. B#
    Lead Number generated when a prospective client is added to Optimizer through the BDP
  13. Billing Rep
    Responsible for booking the carrier on a load; responsible for reviewing all the carrier invoices
  14. BOL#
    Load Number; Generates on the Bill of Lading
  15. Booked Status
    Carrier added to a load
  16. Booking Rep
    Responsible for booking the carrier on a load; responsible for reviewing all carrier invoices
  17. Branch (Acquisition)
    Acquired company; all assets belong to Echo
  18. Buffer Days
    Additional days a client is given to make a payment if the invoice has not been paid within terms; Standard buffer days are 15; increases are controlled by the AR and there must be proof of payment on the way prior to getting an increase
  19. Business Unit
    Department or Branch classification
  20. Buy Rate
    The rate that Echo is charged by the carrier
  21. Buying Power
    Echo has no single carrier affiliation and access to many carriers
  22. Cancelled Status
    Load has been cancelled; never moved with Echo
  23. Carrier Creation
    Add a carrier that is not already in Optimizer
  24. Carrier Search (Carrier Workspace)
    Search for carriers by carrier name, L# or MC #
  25. Case Management
    Internal escalation and request tool
  26. Centralized Item Maintenance
    Ability to pre-load frequently used items accessible for loads entered in Optimizer and/or EchoTrak; Stores all regularly shipped products by account in one place
  27. Checked in Status
    Load has been dispatched to the carrier
  28. Claims #
    Load Number -CL-1; Generates when a claim is added to a load
  29. Claims System
    Files and track claims from a load level in Optimizer
  30. Client Statement
    Statement showing all open or past due invoices
  31. Collctions
    Collecting payment from clients, especially ones who have surpassed their terms and buffer days
  32. Consolidated Billing
    Customers can receive their invoices via email in a consolidated spreadsheet and make a payment in bulk
  33. Create Load
    Link on the shortcuts drop down; click to start load creation for any mode
  34. Credit Application
    Application for Credit
  35. Credit Cards
    Ability for clients to pay by credit card
  36. Credit Hold
    An account that run out of credit; can no longer build shipments in Optimizer
  37. Credit Hold Status
    Either On Hold - cannot ship, or Good Standing - access to ship
  38. Credit Limit
    Maximum amount of credit a client is given
  39. Credit Memo
    Allows for creation of credit memos on invoices already issued
  40. Customized Load Board
    Allows users to build customized queries for viewing and managing shipments
  41. Dedicated Service
    Echo provide excellent customer service to transactional clients
  42. Dedicated Service Model
    A grouping of widgets utilized by Accounts Receivable to manage incoming payments
  43. Delivered Status
    Load has been delivered to the consignee
  44. Demo Lite
    Allows users to create a testing environment that is utilized for sales and training demonstrations
  45. Density Calculator
    Given shipment dimensions and weight, calculates density; utilized to reduce inaccurate rating of minimum density shipments
  46. DnB
    Dunn and Bradstreet reports, used to research a client's credit history and credit rating; credit history affects Echo credit limit
  47. Duplicate Load
    Duplicate a load that has already been built in Optimizer; Time saving technique
  48. Dynamic
    Invoiced amount to a client
  49. E#
    Account Number generated when a lead is converted into an Account in Optimizer
  50. Echo Invoice
    Bill generated as loads get delivered; Documents movement of a shipment and agreed upon price
  51. Echo Payment Options
    On Credit, Pre-Pay, Pay As You Go
  52. Echo Terms
    Number of days a client has to make a payment; Standard terms are 30 days
  53. EchoCentral
    Sharepoint site and document host utilized by all Echo employees
  54. EchoIQ
    Reporting hub
  55. EchoPak
    Small parcel management system for specific customers
  56. EchoTrak
    Customer-facing application used for management of freight quotes, shipments, tracking, and invoicing
  57. EchoTrak Homepage
    Advanced Search Page
  58. EchoTrak: E Commerce
    Ability to access a freight calculator for eBay or auction shippers; specialized set up required
  59. EchoTrak: My Alerts
    Ability to set up email notifications for multiple users, for one load or for all loads
  60. EchoTrak: My Locations
    Stores previously used warehouses
  61. EchoTrak: Quote Dashboard
    Ability to view saved LTL quotes; ability to convert saved quotes
  62. EchoTrak: Shipment History
    All shipments ever moved with Echo
  63. EchoTrak: Shipments in Transit
    All shipments currently in transit; must be pulled out of Workflow in Optimizer before visible
  64. EDI
    Electronic Data Interchange - structured transmission of data between Echo and carriers by electronic menas
  65. EFT
    Ability for clients to make an Electronic Funds Transfer, also known as E-Check
  66. Enterprise Workspace
    The place in Optimizer where custom load and invoice boards, carrier creation and management is stored
  67. Evolved Transportation Management
    Marketed tagline for Echo Global Logistics
  68. Fastlane
    Carrier payment management tool (carrier portal)
  69. FlexTMS
    Software as service application to allow customers to manage their own freight
  70. Freight Class Lookup Tool
    Internal NMFC lookup
  71. Freight Track
    Allows users to quickly track and update the status of a load, including case management
  72. G#
    Warehouse Number generated when a new warehouse is added to Optimizer
  73. Get Echo LTL Rates
    Ability to get LTL rates from Optimizer without specifying an account; can NOT save quotes
  74. Global Search
    Allows to search optimizer based on an internal reference number or title
  75. Impersonate
    Allows reps to log into EchoTrak as a previously set up user
  76. Initiate Payment
    Ability to make a payment on the client's behalf using a credit card or e-check; Clients have access to initiate a payment on their own in EchoTrak
  77. Invoice #
    Load Number -1; Generates on an invoice
  78. Invoice Connection
    Company who stuffs and mails invoices to clients; responsible for changing invoice options to Fax or Email
  79. Invoice Dashboard
    Allows users to build out customized queries for viewing their and their team's invoices
  80. L#
    Carrier Number generated when a new carrier is added to Optimizer
  81. LaneIQ
    Tool used for indexing truckload pricing for specific lanes AND to help find capacity for available freight
  82. Lead Owner
    Entered a prospective client into the BDP and owns the progression of the sale and manages the relationship
  83. LMO
    Low Margin Override, when the revenue decreases on a load
  84. Load (Shipment)
    Documentation of movement of a product(s) from point A to point B that Echo owns; All loads must be entered in Optimizer
  85. Load ID#
    Load Number generated when a load is entered in Optimizer; Not mode specific; Also the BOL#
  86. Loading Status
    Carrier is in the process of picking up the shipment
  87. Loads Search
    Allows simple to advanced search of all loads
  88. Locked Out
    Client has accessed EchoTrak more than 6 tries and can no longer log into the website; reps must "unlock" their client in Optimizer
  89. LTL Quoting
    Ability to get LTL rates from Optimizer for a specific account; ability to save and view quotes for future reference
  90. LTL Tariffs
    Stored tariff search engine
  91. My Business Unit
    Pulls Department or Branch information for a report
  92. My Favorites
    Ability to send frequently used reports to their own tab; Default Tab
  93. My Stats
    Employee based report info
  94. myFreight
    Public LTL rating engine
  95. No Match
    Carrier Invoice does not match original COGS; must be reviewed
  96. Office
    Office or Team Classicification
  97. Office Communicator
    Instant Messaging tool
  98. On Credit
    Client has been approved and has been given a line of credit; as shipments move their credit goes down, as clients receive invoices and pay for shipments their credit goes back up to their credit limit
  99. Open Invoices
    Invoices where the client owes money
  100. Optimizer
    Internal management system that allows users to view and manage account and carrier information
  101. Optimizer Home Dashboard
    Customizable home page for overview of freight/sales management
  102. Ordered Status
    Load entered in Optimizer; No carrier
  103. Paid Invoices
    Invoices paid by the client
  104. Pay As You Go
    Pay for shipments with a credit card while building and booking a shipment through EchoTrak; Only for transactional clients, shipping LTL, using EchoTrak
  105. Payment Type
    Type of payment method the client has chosen to use to pay their shipments (See Echo Payment Options)
  106. PC Miler
    Mileage calculator, mapping/routing tool
  107. Pending Invoices
    Invoices that have generated but need to be approved
  108. Picked Up Status
    The shipment has been picked up by the carrier and is in transit
  109. POD Options
    Ability to manage and require PODs for multiple modes; Default to include Truckload and Partials; Changes requested through Case Management
  110. Pre-Pay
    Pay for shipments before they ship; usually clients with poor credit history
  111. Pricing Team Set Yp
    Pricing set up for EchoTrak clients by the Pricing Team due to customer specific rates
  112. Product Item
    An individual item description
  113. Product Line
    A generic, mass-description of multiple items
  114. Q#
    Quote Number generated when a quote is saved in Optimizer or EchoTrak
  115. RateIQ
    LTL rating engine used to input, test, and verify customer specific tariffs
  116. Recent Items / Shortcuts Sidebar
    Sidebar used to show recent history, access shortcuts reports, mileage calculators, and quoting tools
  117. Reference Settings (Field)
    Ability to activate or inactivate Reference Fields for loads entered in Optimizer and/or EchoTrak; Reference Fields are numbers that correspond to loads, sometimes required for invoicing
  118. Regional Sales Office
    Organic Sales Office; expansion of Chicago HQ
  119. Report Category
    Naming convention for locating reports in EchoIQ
  120. Report Description
    Description of what the report pulls
  121. Report Filter
    Ability to select/specify data to pull and populate in a report
  122. Report Preview
    Preview the report before running it
  123. RIA
    Revenue Increase Adjustment, when revenue increases on a load
  124. Sell Configuration
    The markup that is configured for a particular, or group, or carriers
  125. Sell Rate
    The rate that the client will be charged
  126. Shipment Builder
    Ability to build truckload, intermodal and partial shipments in Optimizer
  127. Shipping Labels
    Ability for clients to print a label when they are able to access their BOL; Only accessible through EchoTrak; Found on the BOL page and under Track and Trace Load Details
  128. Shoretel
    Customizable for call routing and maintaining a directory
  129. Special Instructions
    Notes that can be added internally or externally; External notes populate on the BOL
  130. Station
    Franchise Model; All assets still managed by original owners
  131. Subscriptions
    Ability to auto-run and send a report via email based on specified parameters
  132. System Role
    Access granted to a user; specific access level and permission
  133. Technology
    Echo provides Proprietary Technology to compile and analyze data
  134. Terms and Conditions
    Agreement that Pre-Pay clients must sign before they can be approved to ship
  135. Track and Trace Notes
    Notes within a load, on the dispatch tab; Populates automatically if the carrier is EDI, otherwise must be manually updated; Notes populate in EchoTrak for clients to see
  136. Transcore
    Provides current market rates for spot lanes
  137. Truckload and Partial Quote Tool
    Ability to enter, save, preview and email quotes to clients; quotes must be acquired prior to using the tool, used by a storage function
  138. Truckload Routing Guide
    Customer-specific truckload routing guide generator
  139. Unloading Status
    Carrier is in the process of delivering the shipment
  140. Warehouse
    Interchangeable with: Location, Origin, Destination, Pick Up, Drop Off, Consignor, Consignee, Shipper, Receiver, G#
  141. Warehouse Creation
    Create a warehouse that is not already in Optimizer
  142. Warehouse Default
    Notes tied to a particular warehouse; populates when the warehouse is tied to a load; External Warehouse Notes populate on the Rate Confirmation
  143. Warehouses Search
    Search for and view all warehouse within database
  144. Workflow
    Gives user the ability to field loads submitted via EchoTrak or EDI

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