What is Total Cost of Ownership (TCO)?

A business analysis that assesses cost to include direct cost (purchasing price) and indirect cost (related to the use of a service or product). In temporary staffing services, this is often used by employers to ask temporary staffing agencies for proposals to decrease the total cost of using temporary employees, besides the hourly bill rate. Options to reduce TCO are implementing specific Sourcing Models, close monitoring (e.g., consolidated reporting), or additional services like wage management.

Cost Per Dollar – The Real Cost of Factoring

Cost Per Dollar – The Real Cost of Factoring

Invoice factoring is growing in popularity as a preferred funding solution to support trucking operations and fuel growth. Yet despite being a mainstream financial strategy,…
Understanding Rates, Fees and the Total Cost of a Factoring Agreement

Understanding Rates, Fees and the Total Cost of a Factoring Agreement

Over the past ten years, invoice factoring has become a widely used cash flow solution across North America. Its popularity has been growing due to…
Calculate Your Cost Per Mile to Maximize Profits

Calculate Your Cost Per Mile to Maximize Profits

In the trucking industry, we know that profits are everything and it's important to know your truck operating costs for every load. As an owner…

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