If it’s important to you to understand your financial position and know the numbers in your business, an...Read Story
Freight businesses might seem fairly simple to run, however they are particularly exposed to the impact of outside influences such as fuel prices and environmental conditions.
A very close eye on everything that impacts the profitability in a freight business is needed to ensure an overall profit. Each truck must be monitored closely for efficient running and maximum capacity utilisation. This requires clearly setting up targets and systems for measuring operational performance of both equipment and personnel. Careful analysis of margins by route and by customer ensures profit margins are being maintained over time.
Due to the high level of capital expenditure required it’s vital to measure the ‘return on investment’ of each piece of equipment. Every aspect of the operation of each item must be as efficient as possible to ensure an acceptable ROI. Lenders and investors lose confidence quickly if these aspects aren’t well managed.
When to purchase new equipment and how to finance it is key to ensuring maintaining an acceptable level of profit. Equipment maintenance schedules are also vital to ensuring minimum downtime and maximum ROI.
Remote areas are no problem for our Virtual CFOs Australia Wide. Whether your business is in Mackay, Melbourne, Brisbane, Sydney, Perth, Newcastle or any regional area, we can provide an outsourced CFO service to meet your needs.
A CFO On-Call can work with your transport business online when it makes sense and in person when you need it.
Managing all these issues successfully gives clients confidence the business is well run and therefore at the top of the list when considering service providers
Benefits of working with a CFO for a Freight Business
Do you need greater certainty in the financial outcome? SMEs who could only dream of hiring a CFO are now able to take advantage of a CFO On Call.Contact Us
Simple, accurate and timely reports to guide you to the right decisions.
If your overall profit is made up of too many losers and not enough profitable lines you could be missing out.
‘Non financial’ information is what drives profit and Cash Flow results.
Analyse how things work and find ways to save time and money.
An Outsourced CFO is a corporate gun; an elite financial freelancer available 24/7 to meet any business’s needs as they arise. These CFOs engage with clients in the most effective way, accessing accounts and spreadsheets via cloud-based programs and dispensing their advice over video streaming services like Skype or WhatsApp, as well as in person. In this way, duplication is cut, along with transport costs and time spent travelling to and from face-to-face meetings.Read Case Studies