Carrier/Broker Reaps Benefits with TRANSFLO Express
Tampa, Fla. -- March 9, 2010 -- True-Way Logistics of Pompano Beach, Fla. has implemented TRANSFLO Express® truck stop scanning from Pegasus TransTech. The 17-truck fleet has already seen an immediate cash-flow benefit. Now its parent company, UniExpress Systems, anticipates even greater savings - as much as $100,000 a year.
According to True-Way President Ernani Verlangieri, TRANSFLO Express reduced the cash flow cycle enabling True-Way to get paid faster. But there was another benefit as well. Among the documents True-Way drivers now scan on the road are fuel receipts.
We charge expenses to our operators, and I used to finance a lot of the fuel. This could be $10,000 to $15,000 when I had to pay my fuel supplier before receiving documents from the drivers, Verlangieri explained. Now, I've cut that residual to zero.
Verlangieri sees returns on an even larger scale as he implements TRANSFLO at True-Way's parent company, UniExpress Systems, an international transportation company with eight brokers also located in Pompano Beach. Here Verlangieri anticipates a gain of 10 to 15 days in the cash flow cycle.
But I expect even better benefits, he said.
Verlangieri said the improved cash flow will help him to streamline the brokerage's financial structure since he will no longer need an outside factoring service.
I used a third party to charge for the brokerage services and finance the float, Verlangieri explained. But in three to six months I expect to get out of extra funding and do this myself.
The projected return is substantial.
I expect to save about $100,000 a year, Ernani said.
With TRANSFLO Express, drivers simply hand their delivery documents to a trained cashier for scanning at more than 540 truck stop locations nationwide, including all Pilot and Love's travel center locations. In seconds, these documents are sent electronically to the fleet for immediate billing and payroll processing. Because TRANSFLO Express expedites document delivery, fleets and drivers get paid faster.
About Pegasus TransTech
Pegasus TransTech, based in Tampa, Fla., is the leading provider of business solutions that streamline billing, collections, payroll, accounts payable, driver qualifications, and other paper-intensive processes for the trucking industry. Pegasus TransTech's Workflow solutions allow companies to establish consistent, repeatable business processes that improve operating efficiency and generate measurable results. TRANSFLO Express truck stop scanning from Pegasus TransTech provides same-day access to delivery documents, reduces operating costs, increases driver satisfaction, speeds cash flow, and enables revenue growth without adding staff.
For additional information, please visit www.pegasustranstech.com or call 800-783-8649 or email info2@PegasusTransTech.com.
According to True-Way President Ernani Verlangieri, TRANSFLO Express reduced the cash flow cycle enabling True-Way to get paid faster. But there was another benefit as well. Among the documents True-Way drivers now scan on the road are fuel receipts.
We charge expenses to our operators, and I used to finance a lot of the fuel. This could be $10,000 to $15,000 when I had to pay my fuel supplier before receiving documents from the drivers, Verlangieri explained. Now, I've cut that residual to zero.
Verlangieri sees returns on an even larger scale as he implements TRANSFLO at True-Way's parent company, UniExpress Systems, an international transportation company with eight brokers also located in Pompano Beach. Here Verlangieri anticipates a gain of 10 to 15 days in the cash flow cycle.
But I expect even better benefits, he said.
Verlangieri said the improved cash flow will help him to streamline the brokerage's financial structure since he will no longer need an outside factoring service.
I used a third party to charge for the brokerage services and finance the float, Verlangieri explained. But in three to six months I expect to get out of extra funding and do this myself.
The projected return is substantial.
I expect to save about $100,000 a year, Ernani said.
With TRANSFLO Express, drivers simply hand their delivery documents to a trained cashier for scanning at more than 540 truck stop locations nationwide, including all Pilot and Love's travel center locations. In seconds, these documents are sent electronically to the fleet for immediate billing and payroll processing. Because TRANSFLO Express expedites document delivery, fleets and drivers get paid faster.
About Pegasus TransTech
Pegasus TransTech, based in Tampa, Fla., is the leading provider of business solutions that streamline billing, collections, payroll, accounts payable, driver qualifications, and other paper-intensive processes for the trucking industry. Pegasus TransTech's Workflow solutions allow companies to establish consistent, repeatable business processes that improve operating efficiency and generate measurable results. TRANSFLO Express truck stop scanning from Pegasus TransTech provides same-day access to delivery documents, reduces operating costs, increases driver satisfaction, speeds cash flow, and enables revenue growth without adding staff.
For additional information, please visit www.pegasustranstech.com or call 800-783-8649 or email info2@PegasusTransTech.com.