Ahern and Associates re-introduces new and improved Financial I.Q. software to the transportation industry; provides owners of transportation companies a clear picture of their bottom line financials.
Online PR News – 05-October-2012 – Phoenix, AZ – Phoenix, AZ — Transportation companies who are still feeling the long-lasting effects of the recent recession now have a new tool to aide them in reducing costs and increasing profitability: Ahern and Associates’ Financial I.Q. software, v.2.
Developed exclusively for Ahern and Associates by AMTC under the guidance of their CEO, Andy Ahern, Financial I.Q. has provided financial clarity and improved bottom line profitability to countless freight brokers and trucking and warehousing companies--with this new version promising to help even more. Ahern and his team of experienced staffers have literally saved dozens of transportation companies from closing their doors through their extensive operational reviews and implementation of Financial I.Q.
This simple-to-use software can dramatically improve the bottom line for any freight broker, less than truckload carrier or truckload carrier. Financial I.Q. carefully analyzes bottom line financials and quickly shows business owners which shipments are profitable and unprofitable while pointing out inadequate rates, excess empty miles, poor shipments or lane selection, poor equipment utilization and inefficient route structures among other factors.
For freight brokers, the software will measure revenues, total expenses and bottom line profit dollars, profit percentage and operating ratios, gross margin dollars and gross margin percentages while providing a detailed listing of a freight broker’s actual costs. In addition, it calculates the revenue the broker needs from a customer to achieve a desired profit as well as the amount they can afford to pay the carrier while achieving their desired profit. Once the data is inputted into the platform, the information is presented in three ways: flat rates, rates per mile and rates per hundred weight.
For less than truckload carriers, the program can track individual shipments, customers, shipping points, rates for bids, lanes, routes and terminals. Additionally, the program tracks base rates per hundred weight, per shipment and per segment as well as surcharge revenues per hundred weight per shipment and per segment.
With the less than truckload software program, it even tracks cost and productivity separately for pickup routes, delivery routes, stops, cross stops and line hauls. This includes time data, pounds per man hour, load factors and other productivity measurements.
For truckload carriers the software tracks total revenues, bottom-line profit dollars, operating ratios and profit percentage for each customer. It can further analyze individual loads, customers, shipping points, trucks and drivers, lanes, round trips, company trucks and owner/operators.
The program also tracks line-haul revenues per mile, per load and per segment as well as surcharge revenues per mile, per load and per segment as well as loaded miles total miles and empty-mile percentages per load and per segment.
The features of Financial I.Q. take all the guess work out of what a trucking company, freight broker or third party logistics company needs to insure profitability. For freight brokers, they no longer have to rely on utilizing just gross profit margins to determine how much money they need from their customer and how much they can afford to pay their carrier in each shipment. For less than truckload carriers and truckload carriers they can know before they ever quote a shipper exactly what pricing and fuel surcharges are necessary to achieve a specific rate of return.
Financial I.Q. even has a unique provision that Ahern refers to as “what if capabilities” for measuring the bottom line effect of any changes in rates, costs, productivity, miles per gallon, business volume and other items.
Financial I.Q. v.2 is a stand-alone windows program that operates on a desktop and laptop computer and can now be built to spec and customized for individual freight brokers in less than 30 days once Ahern’s team receives the data. In addition, this ground breaking software has no monthly maintenance fees and only needs to be updated once per year.
“We’re extremely excited about the possibilities of this new version of Financial I.Q. and look forward to servicing our clients like never before with the robust financial analysis the software provides,” explained Ahern.
About Ahern & Associates, Ltd.:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com
Jason W. Jantzen
Phoenix Marketing Associates