Transflo’s new app automates back-office processes

BIO: Renee Krug is the CEO of Transflo, the leading mobile, telematics and business process automation provider to the transportation industry in the United States and Canada. Prior to Transflo, she served as CFO and then CEO at GlobalTranz, where she led revenue growth from $300 million to $2 billion through rapid organic expansion and 11 acquisitions during her six-year tenure. Other previous experience includes CFO of Clear Channel Outdoor and leadership roles at Knight-Swift and Honeywell. In 2018, she won the Distinguished Woman in Logistics Award by Women in Trucking Association. Krug and her family live in Phoenix.

KEY QUOTES FROM KRUG:

“At this time it is more important than ever to think about automation and how you might automate some of your processes. This is a way for smaller brokerages to really save money: the ability to build your customers and cash flow faster while developing carrier relationships by paying them quicker.”

“Thinking about how this world has changed over the last 10 years or so, brokerages are working a lot more with smaller carriers, so getting them paid faster is really important. Also, on the factor side, factors have really grown rapidly over the last few years. We work with carriers and brokers to verify that process between the two; 50- 75% of brokers’ payables are now paid to a factor and not directly to the carrier, so the dynamic between the two is really interesting.”

“Some of these jobs are very routine and mundane. Think about the ‘great resignation’ from a couple of years ago. It was very hard to get people to fill roles and when you are, it is error-prone because sitting and keying data and information is ripe for having a lot of errors and issues. Fast forward to now. People are coming back into the workforce. However, they cost 20-30% more when it comes to the wages paid. So our ability to automate more than 95% of those processes like invoicing, now you can really allocate those resources to different places that your business needs.”