Key Benefits of The Cutting Edge
Knowing the cost of your logs is simply non-negotiable in today's competitive marketplace. Caribou's fiber payment and procurement software –
The Cutting Edge - is designed to help you do just that - and to do so efficiently, while helping to enhance communications between operations and accounting.
Reduce time spent on the contractor settlement process and gain access to better business information, all in the same process.
Once the accounting staff has prepared the contractor settlements, business
reports are ready for review immediately --- no more after-the-fact, manual compilation
of settlement data into the costing and production reports you need to run your business!
Imagine how much more effectively you could run your sawmill if you could:
- Compare fiber costs and delivered volumes across suppliers and across different species/products at the click of a button.
- Easily compare depletion values against lump-sum purchase prices for blockstracts of timber that you purchase.
- Manage your standing inventory more tightly by comparing actual deliveries against cruise volumes on a blocktract or job basis and by species/product at any
point in time.
- Reduce time spent on the contractor settlement process and gain access to better business information, all in the same process.
- Seamlessly send setup data and receive load ticket information from our integrated W-Edge Weigh Scale System.
- Seamlessly share data with your log scaler's rugged mobile device over wi-fi.
Key Features of The Cutting Edge
With a customer base that spans North America, our product has a rich, highly configurable feature set that can handle a wide variety of business practices. Key features include:
- Filters ease overload of data within a screen
- ‘Excel-like’ grids allow for review and editing of data. Cut/copy and paste across cells is supported
- Active flags on all setup data tables allow you to hide old information from day-to-day view, while still preserving the information for historic reporting
- Wizards and rate sheets help in setting up tracts and contract rates
- Multi-row copy and paste makes rate changes easier to manage
- Manage advances, holdbacks, and miscellaneous deductions
- Configurable labels and fields to match the terminology of your business
Users find The Cutting Edge rich in functionality and convenient to use. Our personalized, one-on-one training sessions help you quickly learn the features of the system that are of most interest to you.
With a single point of entry, users only ever enter the data one time. And if you are licensed for multiple users, you can get the job done even faster!
Setup Wizard
Configurable Settings
- Weigh scale system integrated with main software for seamless sharing of information
- Quick-and-easy search interface to look up load slip information by date, by destination, by tract/sale, or by truck
- Flexible data structure allows you to track whatever load attributes (like species, grade, product) your business requires
- Ability to track hand-scaled volumes for high-value hardwood and to track weights on tickets for lower-value wood, using conversion factors to convert the weights to volume measures such as mbf, cords, or M3.
Load Ticket Grid
Load Ticket Entry
Load Ticket Expected Revenue
"Split" Tab on Load Ticket Entry
Contractor/Landowner Rate Management
- Handle payment in different units of measure, such as tons/tonnes, mbf, cords, cunits, cubic meters, or distance.
- Ability to pay multiple vendors (e.g., logger, trucker, landowner) in different units of measure (e.g., tons, mbf, M3) on the same load slip.
- Handle different rates for up to ten factors, including such factors as species, sort, grade, or product.
- Manage different types of timber purchases, including depletion on lump-sum timber purchases, stumpage on pay-as-cut timber purchases, or simple gate-wood purchases.
- Ability to pay a base minimum payment for short loads.
- Ability to track and deduct for overloads.
- Pay minimum amounts or one-off amounts
- Split stumpage payments between multiple stumpage owners
Pay Rates
Automated Vendor Settlement Creation
- Flexible, configurable settlements
- Customized statements available upon request - dictate your exact layout requirements and add your logo
- Statements can be locked at the end of each pay period to prevent accidental editing after payments have been issued
- Accounting exports available upon request
The Cutting Edge lets you generate multiple payments for a single ticket to pay the logger, hauler, land-owner, etc. The system is flexible enough to handle almost any pay scenario you can come up with!
Pay Rates
Vendor Pay Statement - Cover Page
Vendor Pay Statement - Detail Page
- Ability to pay based on load count, weight, route, or distance
- Tracks round trip cycle times
- Ability to pay minimum amount for short loads
- Ability to pay driver and/or truck owner separately
- Track truck overloads
- Extensive overload payment capping and fining capabilities
The Cutting Edge allows you to manage your own or subcontractor log trucks. You can pay them by weight, by the load, or by distance. You can even set a minimum pay amount. For those who track overloads, you can set up overload weights by truck & by season, and then deduct truck pay for the amount of the overload. Need to know round-trip times? The Cutting Edge can track cycle times between logging areas and the mills to which deliveries are made.
Log Truck Setup
Tract Setup Wizard - Distances (optional feature)
- Extensive set of standard reports for tracking information such as costs and production by supplier, and costs by tract/job
- Analysis reports that provide details on settlements, harvesting costs, stumpage, depletion and trucking costs
- Ticket tracking reports that detail settlement amounts and payments on a load-by-load basis
- Reports in worksheet format that can be easily transported into MS Excel for additional analysis or charting
- Value-added custom report-building services to provide you with information specific to your business practices
- User-defined reporting tools for users wanting to build their own reports
Caribou offers an extensive suite of "standard reports", with different reports catered to different regions of the country and different business practices. Caribou also offers custom reporting services for users who have specific reporting requests that are outside the scope of our standard reports.
Here are just a few sample reports to give you an idea of the types of business information that can help inform your business decisions.
Tract Profit Report
Provides a picture of the revenue and costs associated with each type of wood from a specific tract.
P&L by Load Attributes.pdf
Tract Profit Summary Report
Provide a snapshot of volumes, revenues, and costs by tract (across all tracts) for a given date range.
Tract Profitability Summary.pdf
Cruise Volume Report
Provides a picture of how your lump sum tracts “cut out.” It shows the tract purchase price, the cruise-versus-actual volumes, and the value of the timber depleted to date.
Cruise Volume.pdf
Deliveries by Destination
Shows volumes and load counts delivered to each mill in a given date range.
Deliveries by Destination.pdf
Aged Ticket Report
Provides a listing by mill of all tickets for which you have not yet been paid, and references the Logger’s Edge invoice number where the expected revenue was calculated.
Aged Ticket Report.pdf
Truck Fuel Cost Report
Shows a listing of all fuel purchases for each truck. Not only does it show average cost per gallon; it also shows costs per ton, costs per mile, and costs per load.
TruckFuelRpt.pdf
Landowner Settlement
This detailed pay statement lets the landowner see all deliveries and stumpage payments on a load-by-load basis. You can sort and subtotal the report however you’d like.
Landowner Settlement.pdf
Trucker Settlement
Generate logger or trucker settlements each week that itemize out each ticket with the amount owing to the contractor. You can add miscellaneous line items to the statement for one-off additions or deductions to the contractor’s payment that period.
Trucker Settlement.pdf
- Issue Advance Payments to Landowners or Loggers
- Collect Advances "On Demand" - User specifies desired collection amount each period
- Collect Advances Based on Production from the Tract
- Create Bank Loans as Harvesting Occurs
Bank Loan or Production Advance Setup
Report
Manage Conversion Factors
- Convert different types of wood at different rates
- Convert the same type of wood at different rates depending on the mill or tract
- Even if you pay based on the tons, you can still generate costing reports that reflect costs per MBF or Cord
If you track deliveries by weight, but receive and/or issue payments based on a volume measure such as board feet or tons, you can set up conversions in the software.
Tract Setup Wizard - Will Conversions be Used?
Tract Setup Wizard - Conversion Factors (Optional)
- Raw material Inventory automatically builds as loads are entered into the system
- Inventory Location ("Rows" or "Decks") can be entered on each load (or log)
- For Log Storage Facilities, inventory is automatically deplted as loads leave the yard
- Manual depletions can be done weekly (or at whatever interval you do a physical count) to obtain and verify closing balances
- System also handles inventory at a log level for facilities that tag a portion of their loads
Manage Raw Material Inventory with ease in the Cutting Edge. Whether you are managing inventory in "piles" or "decks" for a biomass facility, or in decks or rows separated by species for a sawmill facility, the Cutting Edge makes it simple to keep track of what you have on the yard at any given time.
Inventory Report 1
Inventory Report 2
- No more hand-writing or typing onto the US Government 1099 forms. Let the software do the typing for you!
- Software supports both the 1099-S forms for landowners, and the 1099-Misc forms for all other vendors
- Store Landowner Information in the Vendor Setup Tables
- Store Tract Acreage and Parcel information in Tract tables
- Software combines actual deliveries by species and product for each tract with
landowner information to build the Timber Tax report
Some states require specific reporting for state timber tax remittances. We have a special
module for our Georgia users that automates this filling. If you are from a different
jurisdiction, talk to Caribou about building a custom report to help you facilitate your timber or
severance tax reporting requirements.
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