Margin Control in CargoWise

Margin Control is an accounting feature incorporated into CargoWise that allows you to measure and control profit margins per shipment or job. This solution enables logistics companies to track the gap between revenue and costs in real time, thereby ensuring profitability throughout the entire shipping lifecycle. Users can avoid revenue leakage by creating margin limits and notifications. This kind of financial management is especially crucial in high-volume freight operations, where costs can fluctuate dramatically due to fuel, tariffs, carrier charges, or handling fees.

Margin Control, which is directly integrated into CargoWise’s financial and operational modules, provides detailed information about both expected and actual margins. Users can set default margin targets, apply them to specific customers, service types, or branches, and receive warnings when margins fall below acceptable levels. The functionality integrates quotes, bookings, bills, and job costing to allow stakeholders to intervene before revenues are jeopardized. It also allows for cross-departmental margin analysis, which improves forecasting and strategic pricing decisions.