Ahern & Associates' New Financial Software Developed To Assist Trucking Industry And Freight Brokers

New Financial Software Developed To Assist Trucking Industry And Freight Brokers
Ahern and Associates introduces Financial I.Q. software to the transportation industry; provides bottom line relief and financial clarity.
Phoenix, AZ, June 8, 2009—Owners of trucking companies and freight brokerages across the nation that are feeling the brunt of today’s economic conditions now have the ability to right the ship with the help of Ahern and Associates’ new Financial I.Q. software. Long known for their ability to assist trucking and logistics companies in reducing costs and increasing profitability, Ahern and Associates has developed a software platform which allows truckload carriers, LTL carriers and freight brokers to take a more hands on approach.
Financial I.Q. empowers all sizes of trucking and logistics companies with the ability to truly examine their bottom line and all of the factors that contribute to it. Unlike typical financial software, Financial I.Q. works directly off of the company profit and loss statement and balance sheet to provide the user with individual profit and loss statements for any variable or segment within the company’s operations. Once Financial I.Q. breaks down variables like revenue per mile, shipping points or fuel surcharges, the company is then able to take that data and make adjustments to significantly reduce costs and increase profitability.
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.
Financial I.Q. fills a much needed void in the transportation industry at a time when fuel costs are soaring and profitability is declining. A.W. Ahern, CEO of Ahern and Associates explains, “What’s great about Financial I.Q. is its flexibility. The software is customizable to your business whether you’re a broker, truckload carrier or an LTL owner/operator; it provides the same keen insight and results that help you identify problems, fix them and become more profitable.”
About Ahern and Associates:
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 www.Ahern-Ltd.com .