Tyler Berger has an eye for numbers and a talent for managing businesses. When he noticed the funds being drained from hospitals to replace excess medical supplies, he and his business partners decided to do something about it. They founded XS Supply, a company that purchases excess medical supplies for resale. The result: more money in the coffers of cash-strapped health facilities and a cleaner environment.
Tracking payments was time and labor consuming
Wire transfers were sent from banks with lower security standards
Impersonal customer service didn’t address specific needs
With the business’ rapid expansion, Tyler realized XS Supply needed to find a payments processor that could keep track of the funds coming in from different vendors.
“One challenge was figuring out how to organise payables and receivables. Similar to vendors, hospitals have several methods for paying and different schedules they stick to. Because of this, it was extremely difficult to have a consolidated workflow.”
Exploring New Business Frontiers with Veem
A third of the time
“Veem has a consolidated dashboard that is very easy to use. The foreign exchange rates are also fantastic. But the best part of it is how easy it is to use. For XS Supply, the real savings earned through Veem are the labor costs. Sending funds through Veem takes me a third of the time, compared to a bank wire. And even that is a conservative guess.”
Veem is constantly striving to help small businesses deal with growing pains. With a unique multirail technology and simple dashboard, XS Supply can send their funds quickly and confidently, knowing that their money is secure.