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Diversified Transportation Management ConsultantsRead the testimonials from some our satisfied clients, like Greatwide Logistics Services. |
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Diversified Transportation Management ConsultantsRead the testimonials from some our satisfied clients, like Greatwide Logistics Services. |
| HomeServicesSoftwareOur ClientsCase StudiesNewsPodcastBlogContactAbout |
Financial IQ is a profitability program designed specifically for trucking companies. Financial IQ is designed to extract information off a trucking company's balance sheet and profit and loss statement. It is not a benchmark program and it is the most comprehensive and easy to use program that we have ever come in contact with.
Unlike typical financial software, Financial I.Q. assists truckload companies in analyzing revenue per mile, revenue per load per customer, operating ratio per load per customer per dispatch, and fuel surcharge revenue per mile all while being directly tied into the company’s individual profit and loss statements.
For less than truckload carriers who often struggle with determining their costs due to drops, picks, rates, cross docking and line hauls, Financial I.Q. can provide a path to profitability. By analyzing such factors as base rates per hundred weight per shipment per segment and fuel surcharges per hundred weight per shipment per segment, the company is able to determine in seconds where they are making or losing money and what adjustments need to be made to either break even or become profitable on lagging loads.
Freight brokers dealing with the common problem of determining their bottom line net profits per customer can also markedly benefit from Financial I.Q.’s sophisticated analysis. By entering a minimal number of values into the program, a freight company can quickly calculate the amount of revenue needed from each customer and the amount the broker is able to pay a carrier to achieve a desired profit level.
In addition, the software provides for a “what if” analysis that can be used by the trucking company or freight broker to test any solution to a future issue that could potentially effect profitability. For example, a trucking company may want to explore the possibility of utilizing an unconventional route or a freight broker might want to test the viability of accepting a new shipping client.
Ahern’s Financial I.Q. Software can be customized for the following types of businesses:
See the Financial IQ in action:
Read more about Financial IQ.