Florida East Coast Railway Modernizes Equipment Maintenance & Repair Management Operations with IAS

SaaS-based M&R solution to improve collections and ensure regulatory compliance with FMCSA and other regulatory agencies

Oakland, Calif.—April 24, 2012—Florida East Coast Railway, LLC (FEC) implemented International Asset Systems’ IAS EquipmentRepair solution to modernize their equipment Maintenance and Repair (M&R) operations. Automating their M&R and re-billing processes will improve collections and provide compliance with FMCSA and other regulatory agencies. FEC gains increased revenues, streamlines processes and yields better equipment utilization.

IAS EquipmentRepair allows FEC to view and approve estimates, provide notifications and exchange data in a standardized, repeatable process that improves accuracy and productivity,” said Brian Shultz, Senior Vice President, Sales & Marketing for IAS. “Manual processes can be fraught with errors, leading to delays in processing repair orders and inadequate charges. Plus, you don’t have an easily accessible audit trail that you need to prove compliance.”

A provider of cloud-based solutions for intermodal transportation and global cargo container shipping, IAS’s EquipmentRepair automates routine tasks to speed the repair cycle and improve equipment turn times.

“With intermodal shipments representing 81 percent of our overall volumes, the success in managing our intermodal business is important to Florida East Coast Railway,” said Joel Haka, Chief Operating Officer of FEC.IAS EquipmentRepair helped to modernize our intermodal equipment repair group at a cost that was easy to justify as we were not required to purchase, install or maintain the software—and the implementation was quick and easy.”

The solution seamlessly integrates with FEC’s accounting system to automate the re-billing process, making it easy to extract repair data accurately and quickly so invoices are sent correctly. More accurate re-billing reduces costs by cutting administration time, improving collections, and enabling managers to review detailed equipment history, monitor variances, and escalate time-sensitive activities.

“With IAS EquipmentRepair, much of the M&R process was automated, freeing up the FEC team to work on more value-added items,” Haka continued. “We received great value from streamlining processes, linking the system to our accounting teams, collaborating with our trading partners and gaining visibility into more timely container repair status.”