Case Study: BioStorage Technologies achieves automated invoicing and faster cash flow with Velosio

Velosio Prescribes Successful Solution For Biostorage Technologies

BioStorage Technologies, a global leader in biomaterials storage and cold‑chain logistics, was experiencing rapid growth that overwhelmed a largely manual billing process based on spreadsheets and an entry‑level accounting package. To avoid hiring significant additional administrative staff, the company engaged Velosio and selected Microsoft Dynamics GP to modernize and automate invoicing.

Velosio built a customized integration and import routine between BioStorage Technologies’ sample‑tracking system and Microsoft Dynamics GP, including customer‑specific invoice triggers and complex pricing support. The result: one person now prepares invoices in about a week versus the prior four to five people working all month, no added administrative hires despite 100% year‑over‑year growth, faster cash flow and a shorter A/R cycle, improved reporting and successful external audits — all delivered on time and on budget by Velosio.

BioStorage Technologies

Mike Reffeitt

Chief Financial Officer