Are you leaking revenue? Fixing "revenue leak" for Hauliers with HaulageIQ

(2 minute read)

Firstly, let's address, what is "revenue leak"?

Revenue leak refers to simply the amount of revenue you could have billed versus the the amount of revenue you actually billed.

Let's say that you invoiced £10 million in 2023, but you should have billed £10,250,000, then gap between the two is known as "revenue leak" (£250,000 in this case).

It may seem like a big number but, in fact, a revenue gap like this this isn't a fanciful or extreme number.

Read on to see how this affects you and what you can do about it!

What does this mean for me?

The consultancy firm McKinsey estimates that logistics companies suffer revenue leaks of between 1% and 5%. Choosing a midpoint of 2.5% what does this mean for your business?

Here are some examples:

By preventing revenue leaks without incurring any costs to address the "gap," you can directly increase your bottom line. It certainly gives you something to ponder, doesn't it?

Why does this happen and what can I do about it?

Running a haulage business is complex. It can sometimes feel like you're juggling dozens of balls all at once and dropping one can result in missed deliveries, unhappy customers and revenue leak!

If you're still using a paper-based system which relies on returning paper PoDs to the office, planning on spreadsheets, WhatsApp messages, emails etc. then there is no connection between booking jobs, doing the jobs and sending the invoices.

Put another way, your "system" doesn't cover all bases between booking-and-billing.

That's where HaulageIQ's Software for Hauliers comes in...

By having everything on one easy-to-use dashboard you regain control of your business operations and create an unbreakable link throughout the process all the way from booking-to-billing.

Like this:

Next steps:

To find out more you can contact me by email paul@haulageiq.com , phone 01616973344 or you can book a demo right here:

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