Podcast | On-Demand

Get the cash flow you need for your transportation business

Episode 18

Get the cash flow you need for your transportation business

A couple of months ago, we had a highly anticipated conversation with Openforce Chief Revenue Officer Natalie Putnam, where we learned about the leverage of transportation companies in negotiating payment terms with retail customers.  

As a follow-up to that conversation, our host, Nick Hancock, learns how transportation businesses can utilize OTR Solutions’ Cash Float program, a benefit exclusively offered to Openforce clients.  

Cash flow in any business is important, but especially in trucking and transportation businesses that are responsible for paying drivers weekly, or even daily. 90-day, 60-day, or even 30-day payment terms from retail clients can force small businesses to struggle with cash flow or worse yet, shut down entirely.  

Join Nick as he chats with Clayton Griffen, OTR Solutions EVP and Chief Strategy Officer to learn more about OTR’s services that help trucking and transportation companies maintain a positive cash flow.

 

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The Gig Academy host

Nick Hancock, Openforce Gig Academy Podcast Host and Customer Success Manager of Key Accounts
Nick monitors all areas that pertain to and affect the gig economy and IC model to best advise and meet the needs of Openforce’s clientele. Prior to working at Openforce, Nick worked in the dental manufacturing industry and has a background in insurance as a producer.

Nick has a Bachelor’s degree in Interdisciplinary Studies of Humanities from Northern Arizona University. Nick resides in Phoenix, Arizona where he and his wife recently welcomed their firstborn daughter in October 2021.

About this episode’s guest

Clayton Griffin OTR Solutions

Clayton Griffin, EVP and Chief Strategy Officer
Clayton Griffin is the Executive Vice President and Chief Strategy Officer (CSO) of OTR Solutions, America’s most trusted freight factoring and trucking technology company. As CSO, Clayton helps develop and implement solutions, products, services, and partnerships that serve to provide market-leading value to OTR’s vast network of carrier and broker customers. He also works with the rest of the executive team to set the strategic vision, analyze M&A opportunities, and guide the company toward long-term growth.

Clayton joined OTR Solutions (then OTR Capital) in 2012 and has held multiple leadership roles including Finance Manager, VP, and Director of Finance.

He holds a Bachelor of Business Administration in Finance from the University of Georgia’s Terry College of Business. He is a proud girl dad and enjoys traveling, playing golf, and cheering on his UGA Bulldogs.

About Openforce
Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Their cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.

About OTR Solutions
OTR Solutions provides industry-leading technology and financial services, tools, and support to help carriers and brokers start and grow a successful operation. Trucking companies and freight brokerages of all sizes turn to OTR to receive reliable financing and back-office solutions, a dedicated fuel team, up-to-date news and education, and technology and innovation to prepare them for anything and everything. As a testament to its growth, OTR has been named in the Inc. 5000 multiple years in a row and strives to improve the work experience for its employees as a Top Workplace in 2017, 2018, 2019, 2020, 2021, and 2022 as named by the Atlanta Journal-Constitution. Learn more at www.otrsolutions.com 

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About Openforce

Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Our cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.

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