Case Study: Peregrine triples invoice processing efficiency with Denim

Peregrine triples invoice processing efficiency with Denim, cutting jobs to under a minute

Peregrine, a third-party logistics provider (3PL), faced a significant cash flow challenge. Their commitment to paying carriers within 24 hours was depleting their cash reserves faster than they could replenish them. To address this, they turned to vendor Denim and its factoring service.

By implementing Denim's automated factoring and payment platform, Peregrine streamlined its invoicing process. This integration reduced average invoice processing time from three minutes to under one minute, tripling their efficiency. The solution from Denim provided the positive cash flow needed for Peregrine to grow its business to $12-15 million in revenue without adding back-office staff, while also earning an A rating on Truckstop.

Peregrine