This story first appeared in the May issue of DieselTalk – CLICK HERE to download the magazine FREE
A free benchmarking initiative allowing Road Transport Forum transport members to improve their operations through real-time data comparison needs more participants.
ASB Bank has offered 175 free one-year licences to members of transport associations under the Road Transport Forum (RTF) umbrella to use the Ranqx cloud-based benchmarking website.
Benchmarking highlights opportunities where business owners can do better, Ranqx chief executive and owner Dave Lewis says.
The joint venture wants to deliver added value to all RTF members, including those belonging to Road Transport Association NZ, NZ Trucking and National Road Carriers.
But Lewis says the initial response from the industry has been lighter than expected since it was announced in November last year and he would welcome more participants.
“This is a tool to provide more levers for a transport business to utilise to its best advantage but we’ve got to get as many of them on board as possible for the initiative to work successfully,” he says.
Ranqx provides industry benchmarking and customer feedback live 24/7 so RTF members can join online and input their own financial numbers or connect with Xero, MYOB, Sage or Quickbooks to download numbers from them.
All of the financial information is anonymous and securely held in the cloud. RTF members are able to compare their performance with industry peers and can also opt for customer feedback and rating.
Lewis says the system also allows a transport business to connect with its customers, improve business efficiency and show how it is performing relative to other market players.
“The more people who use it, the more detailed the information we can provide because we are trying to help you make comparison with your industry peers,” he says.
“If we can do that comparison in real time, we can also tackle issues before they become too large.”
Members of the forum and its associations can obtain a free one-year licence through their local association or can contact Ranqx directly.
