Actual Cass # 3

A Minnesota based warehousing and freight logistics company was looking for a dispatch and accounting software program to improve efficiencies and profitability. Before making a decision, the owner attended the annual executive conference sponsored by Computerized Management Systems, Inc. and Carriernet Group Financial.

At the conference, he learned about the Truckwin Dispatch and Accounting software and how the accounting information is used in the Nickel per Mile Profit Program.

The company was factoring freight bills with a local business credit company for 1.75% of the gross freight bill and was receiving an 85% advance on each one. The company was growing rapidly and factoring over $250,000. They were unable to find commercial bank financing.  The company was growing too fast and not making sufficient profits to entice a commercial bank to get involved.

Working with the financial consultant, the company was able to install Truckwin Dispatch and Accounting software and begin generating current, accurate and complete financial statements on a per mile basis. Within 6 months the company was profitable even though factoring, billing and collecting fees were costing the company over $53,000 annually.

Within 12 months, using the management tools and financial ratios provided to them through the Nickel per Mile Profit Program, the company was able to reach 5.2 cents per mile profit.

Just 18 months later, the owners approached the business credit company. The company re-negotiated the line of credit. They were able to increase the line from $200,000 to $250,000 and obtain a 3% over prime lending rate. This generated additional profit of over $25,000 the following year.

Actual Cass #1 | Actual Cass #3