Transportation Costing Group (TCG), specialists in Profitability Management Tools and activity-based cost analysis for the transportation industry, said it is enhancing its product line with the addition of FACTSview,
the business intelligence module of the FACTS suite of software from Carrier Logistics Inc.
New York-based Mystic Tank Lines Corp. is the first customer to use the integrated solutions.
FACTSview is a business intelligence tool based on the highly familiar Microsoft Excel platform. Utilizing complete and accurate information provided by TCG’s Cost Information System, FACTSview gives users the ability to drill down into over a dozen metrics associated with shipments, lanes, customers, and origin and destination points.
“TCG's advanced activity-based costing and other software has gained wide acceptance among leading Less than Truckload (LTL) and Truckload (TL) carriers because its accuracy gives it a high level of credibility,” said Ken Manning, president of TCG. “Our CIS solutions are currently the only systems that offer a complete, accurate and fully replicable costed traffic database that ties back to the general ledger. The capabilities provided by integrating FACTSview will further enhance this highly effective profitability management tool.”
“This integrated solution our two companies are providing will allow a comprehensive analysis of operational factors that impact costs and profitability,” stated Kenneth Weinberg, vice president of Carrier Logistics. “It’s a product that will be used by small and large carriers alike because it gives managers the ability to quickly spot trends in performance or analyze variances, and use that information to make more effective business decisions.”