MODERNIZING ACCOUNTING SYSTEMS “Once we moved beyond the initial technology fears and saw the cloud working effectively, I asked how we could bring similar improvements to our accounting team,” says Mestroni. “We investigated several options including Oracle and Square before selecting Versapay, which allowed us to replace cumbersome email communications with a customer portal.” The logistics industry has historically struggled with payment transparency and collection challenges. According to recent industry analyses, transportation companies typically experience 45–60-day payment cycles, well beyond standard 30-day terms, creating significant cash flow pressures throughout the supply chain. “Versapay solved our first problem where customers would claim they never received invoices after 30 days had passed,” Mestroni explains. “Our new system provides complete transparency, tracking whether recipients open emails, log into the portal, view invoices, or make payments. We’ve eliminated the ‘I never got it’ or ‘it’s in the mail’ excuses while reducing manual spreadsheet work.” The platform also enabled North Atlantic to develop strategic approaches to credit management, a particularly sensitive issue in logistics where carriers must pay for fuel immediately while waiting 30+ days for customer payments. “Credit has always been a privilege, not a given right,” notes Mestroni. “In transportation, many 3 PL WAREHOUSING SOLUTION INTERNATIONAL FREIGHT FORWARDING SOLUTION TRUCKING SOLUTION FREIGHT BROKERAGE SOLUTION Sales@emdci.com | ufosinc.com | 905-858-8442 Universal Freight Operating System 128 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 06
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