Our Team at datatruck has had various trucking experience with more than 30+ years. Over that time we have identified some common pain points that trucking companies face on a daily basis. These issues often result in inefficiencies, financial losses, and overall headaches for trucking business owners.
In our experience, 90% of SME trucking companies do not have CFOs and have poor financial literacy, which leads to a lack of financial data analysis and breakeven analysis based on guesswork. Additionally, manual data entry, payroll and 1099(W2) compliance processing, factoring invoice uploading, data silos, inflexible data analysis, lack of consolidation, and limited collaboration are all major problems in their operations.
Average small to medium truck companies in the USA have more than 15+ platforms all in separate silos and more than 20+ Google Sheets and Spreadsheets. They all live in their own lives and imagine how to connect them and make meaningful data analysis. On top of that, each truck company has more than 1 legal entity to operate that makes consolidation of the operations tidyful.
This has resulted in a number of inefficiencies in trucking carriers time. That includes overhire, manual work involved, double charges from insurance and rental companies, unpaid invoices and loads, unpaid accessorial, fuel theft, safety issues, fleet maintenance over expenditure and salary miscalculations, tax compliance, IFTA reports, audit and etc.
Traditionally, Transportation Management Systems (TMS) solutions have focused on load boards, IFTA reports, ELD integrations, and other features that do not necessarily solve significant problems for trucking companies. Furthermore, most TMS providers price their offerings based on the number of users or trucks, which creates friction among employees and often leads to miscommunication when only a certain number of employees use the software. Datatruck's TMS solution is different.
We prioritize automating processes and minimizing manual work, capturing orders from booking to payment to avoid Accounts Receivable aging. We also use our ChatGPT-based TruckGPT, as well as other AI and integration tools, to automate areas where manual work is typically involved. Currently, our TruckGPT solutions are able to automate almost 60% of the manual work required.
Our unique selling points include load/order-based pricing, unlimited user creation, and flexible data analysis. By pricing our solution based on the number of loads or orders processed rather than the number of users or trucks, we foster better collaboration among teams and prevent miscommunications. We also offer unlimited user creation, allowing all relevant stakeholders to have access to our TMS solution.
Furthermore, our TMS solution provides flexible data analysis, allowing trucking companies to gain insights into their financial data, identify trends, and make data-driven decisions.
Datatruck's TMS solution is innovative in the space. Many of our clients were attracted to our product because it saves 10 minutes per load time and provides audit tools to track insights, putting all data at their fingertips.
In conclusion, Datatruck's TMS solution is a game-changer for trucking companies. By streamlining operations, automating processes, and providing flexible data analysis, we are able to help trucking companies increase efficiency, reduce costs, and make data-driven decisions. Contact us today to learn more about how we can help your trucking business.