MANCHESTER, NH--(Marketwire - Nov 15, 2012) - For transportation and logistics companies, which are always looking to maximize the value of their shipping, trucking, and merchandise handling operations, business processes have been stretched to their limits. The changing realities of supply chains, the cost of fuel, and mobile technologies require that companies embrace the concept of change and look to uncover new approaches for success.
Backed by its experience with hundreds of the world's leading transport and logistics firms, UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the world's leading provider of business software for fast-changing organizations, highlighted approaches that businesses in the industry should consider in order to combat skyrocketing expenses.
Since most organizations exist in an increasingly complex ecosystem of multiple stakeholders and dependencies, including different currencies, languages, jurisdictions, and formats, some internal changes these firms should consider include:
Automate business processes -- The complex process of calculating commissions, producing reports, and even analyzing the profitability of a route or journey are areas where automation can yield great results, and provide confidence that necessary controls are in place to eliminate risks and expenses.
Fully integrate freight and logistics systems -- Today's demands for information require real-time reporting and visibility. Systems integration is a technology philosophy that delivers tremendous value from greater accuracy and better available information. Once systems are integrated, there are many ways to classify, measure and analyze profitability including by shipment, vessel voyage, container and bill of lading.
Provide transparent logistics to partners and customers -- Sharing information instantly with customers and partners is central to efficient logistics. Real-time access to information creates an atmosphere of transparency with customers and partners that not only builds trust but reduces the frequency of manual reporting. By making cargo status available on the web, for example, a shipping company can redeploy staff focus from report creation, to data analysis.
For more information on Coda Financials and the value of its single ledger, API-enabled accounting system, go to www.unit4coda.com.
About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $550 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn or visit http://blog.unit4coda.com.