Transportation Costing Group (TCG), Bethesda, Md., has announced an agreement with Innovative Computing Corp.(ICC)
to provide an interface between the TCG Truckload Cost Information System (TCIS) and Innovative Enterprise Software (IES).
Innovative is a major provider of enterprise software to truckload carriers running the IBM AS/400 operating system. The interface enables those carriers to use the TCG Truckload Cost Information system for load specific, activity-based costing and profitability analysis.
“This solution, for all users of Innovative Releases 7 and 8 software, is the result of nearly two years of research and development by both companies. The interface will enable carriers to accurately extract data and use it to develop actual cost information,” said Ken Manning, president of TCG.
TCG’s costing software provide effective activity-based cost and profitability analysis that calculates the costs of each and every load in a given period based on all factors, including driver settlements, equipment use, toll costs and fuel expenses.
“TL/CIS is the only system available today that provides a complete, accurate and fully replicable costed traffic database that ties back to the general ledger. Other solutions on the market only provide a range of relative profitability and rough guesses on costs,” said Manning.
TCG’s patented balance adjustment insures that calculated profitability properly reflects empty miles and the revenue implication of positioning the driver for each leg of each load, whether a multi-stop load or in slip-seat operation. This detailed cost history becomes a tool for rating and determining profitability on each prospective load or lane, including backhauls.
The new TCG interface will be a featured at Innovative’s user conference scheduled for May 2005 in San Antonio, Texas, as well as the Truckload Carriers Assn. Conference in Las Vegas, March 6-9, 2005.
For more information on activity-based costing, call TCG at (800)328-9700 or visit www.tcgcis.com.