1 Jan

New Vermont DMV service offers online IFTA/IRP for truckers

first_imgccess Real Time Permits with New Online IFTA/IRP Service at Vermont.govMONTPELIER, Vt.–(BUSINESS WIRE)–The Vermont Department of Motor Vehicles today announces the availability of real-time permits with the release of a new online permitting service for International Fuel Tax Agreement (IFTA) and International Registration Plans (IRP). Available at https://secure.vermont.gov/DMV/irp/(link is external) the new online service is an upgrade to the previous paper- and fax-based service.‘This new process will save time and resources for fleet trucking companies, the DMV, and the taxpayers of Vermont.’The IFTA/IRP service allows out-of-state truckers and others to purchase 72-hour permits to travel through Vermont and pay apportionable fees, and is now accessible via the Internet 24 hours a day. The new service allows fleet drivers and companies to apply for permits, pay by credit card, and receive copies of new permits immediately.‘The new IRP and IFTA services are yet another way that the State of Vermont and the Department of Motor Vehicles in particular are answering the call for better e-government service,’ said Commissioner Robert Ide. ‘This new process will save time and resources for fleet trucking companies, the DMV, and the taxpayers of Vermont.’The service provides quicker turnaround times and lowers costs, significantly reducing the department’s costs related to handling these requests. The new online service also provides a comprehensive management tool to help administer the permitting process.Built for the Department of Motor Vehicles at no cost to Vermont taxpayers through a unique public-private partnership with Vermont Information Consortium (VIC), the new IRP-IFTA service is the latest in a suite of services launched by the DMV. Additional online services built by VIC include DMV Express (https://secure.vermont.gov/dmv/express(link is external)), Online License Reinstatements, and the Municipal Highways & Bridges Weight Limits service.About Vermont.govVermont.gov (http://www.Vermont.gov(link is external)) is the official Web portal of the State of Vermont. Vermont.gov is managed through a public-private partnership between the State of Vermont and Vermont Information Consortium, the Montpelier-based official eGovernment partner for the State of Vermont. The company builds and manages interactive government services on behalf of the state and is a wholly owned subsidiary of eGovernment firm NIC (NASDAQ: EGOV).About NICNIC Inc. (NASDAQ: EGOV) is the nation’s leading provider of official government portals, online services, and secure payment processing solutions. The company’s innovative eGovernment services help reduce costs and increase efficiencies for government agencies, citizens, and businesses across the country. NIC provides eGovernment solutions for more than 3,000 federal, state, and local agencies that serve 98 million people in the United States. Additional information is available at http://www.nicusa.com(link is external). Soruce: MONTPELIER, Vt.–(BUSINESS WIRE)–The Vermont Department of Motor Vehicles. 12.3.2010last_img read more

27 Jul

Are you running a profitable professional services business

first_imgAs a growth capital fund, I am always surprised to find that expansion stage software companies that sell professional services rarely know whether they are profitable or not. While expansion stage companies have systems for tracking financial performance, they rarely capture essential information about the service side of the business. As a result, companies struggle to manage their service and support financials, while impacting margin.What are the key performance indicators that matter?Available Hours: Companies need to be realistic about this. Approximately 25-30% of these hours are attributable to non-delivery hours, i.e., vacations, meetings, training, etc. If your available hours fall below 50% of a normal work week, it’s hard to be profitable unless people are working extra hours.Billable Hours: Well-managed professional services groups typically bill between 50-80% of their available hours. If you focus on greater than 80%, client satisfaction will certainly suffer.Average Billing Rate: It is important that you maintain and even increase your average billing rate over time. It is easy for customers to haggle over product pricing, however, there should be no sensitivity to service pricing. Also, customers generally pay higher rates for services related to new or cutting-edge products. As customers absorb and build this competency in-house, it tends to commoditize or dilute the average billable rate. I have found that consultants are most happy/productive when they are working on the “new-new” thing and not exceeding projects greater than 3-4 months in length.Profit Margin: Services margins typically run between 30-35%. Overhead costs will run 60-65% on average. Considering feathering in sub contractors to relieve this cost. Ideally, in house consultants should be focused on high value work. Also, investing in better efficiency, tools, reuse, and knowledgebase will ultimately increase productivity and thus margins.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more