True North Restoration saves $50K annually and prevents 15–20% losses with Volopay
Faster audit prep
Faster audit prep with >99% compliance accuracy
Loss prevention
Scope changes no longer erode margin, 15-20% losses are prevented
Downtime reduction
Equipment rentals are processed on time with 15% reduction in downtime
True North Restoration is a franchise network with 18–20 locations across the US. They specialize in emergency water mitigation, mold remediation, fire damage cleanup, and biohazard services.
● Lack of physical cards for employees to make fuel purchases
● Inefficient reimbursement processes
● Lack of multi-functional business account
Corporate cards that can be used both offline and online to manage employee expenses. These cards can be set to abide by company policy to ensure that expenses are made within departmental budget, without restricting employees and causing payment delays due to convoluted approval systems. Additionally, advanced transaction limits and controls reduce the need for repetitive petty cash requests.
Volopay’s reimbursement module allows employees to file claims and attach receipts quickly, and the approval workflow enables managers to approve reimbursement on the go without excessive delays.
The accounts payable dashboard enables customers to manage their account-to-account payments. Businesses can have multi-currency wallets to manage their funds, sending and receiving money with ease. Vendors and employees can be paid on time, and all payments are tracked from the same place without needing to juggle different dashboards for cards and transfers.
Multi-entity rollups save 20+ hours monthly for True North & their tax compliance is smoother
True North's subcontractors are paid in days, not weeks with savings of $50k annually on FX
True North's project overruns are down by 20-30% & their margins are now seen in real time
True North's field petty cash is now gone with 70% faster reconciliation
Month-end close is now 3–5 days faster with seamless ERP sync
True North joins a host of US construction companies using Volopay, becoming one of many that enjoy remarkable improvements in expense management.