Accounting & Finance

The most effective approach is a TMS with native accounting built in rather than integrating separate systems. This is so that dispatch, settlements, accounts receivable, and accounts payable share a single data layer. McLeod’s integrated general ledger, AR, and AP modules eliminate the reconciliation errors and data latency that occur when trucking companies patch together standalone accounting tools.

Automated collections tools that send scheduled email reminders for past-due invoices, combined with strict invoicing rules that ensure all required documents are attached before delivery, directly reduce DSO. McLeod customers have used these tools to reduce DSO from 35 to 31 days, a meaningful improvement to cash flow for asset-heavy carriers.

A factoring portal gives brokers and their factoring partners self-service access to invoice status, payment documentation, and approval workflows without requiring manual communication. McLeod’s Factoring Portal connects directly to the TMS so factoring companies can view and verify loads in real time, accelerating the funding process for brokers.

Automated AP workflows capture and index carrier invoices electronically, route them through a configurable approval process, and match them against load records before payment to catch discrepancies that manual review misses. Mobile approval capabilities allow managers to review and approve invoices from anywhere, keeping payment cycles on track without bottlenecks.