Discover how Trusk, a leader in last-mile electric delivery, utilises the Memo Bank platform to enhance its expense management.
The majority of our transactions go through Memo Bank, whose offering is clearly the smoothest on the market, especially in managing payment and collection operations. »
Sébastien Tronel
Cofounder and CFO
Company
Trusk est un service de livraison premium du dernier kilomètre spécialisé dans les objets volumineux.
2016
+100 employees
Saint-Ouen (93400)Sébastien Tronel
Cofounder and CFO
Trusk’s challenges
Memo Bank’s solution
Trusk is a premium last-mile delivery service specialized in bulky items. Its ambition is to offer impeccable customer service and reduce carbon footprint by pioneering electric vehicle delivery (30% of current deliveries, aiming for 50% by the end of 2024).
Trusk works with subcontractors, partner transport companies, to organize deliveries of goods from stores or cross-docking platforms. Trusk has exceeded one million deliveries per year and counts more than 200 clients, mainly large accounts including IKEA, Castorama, and Leroy Merlin.
Traditional banks do not offer an integrated experience with the bank account. Trusk must therefore use an additional solution for corporate expense management, independent of its banking partner, and make cash advances to fund the cards used.
Sébastien Tronel, co-founder and CFO of Trusk, thus sought a bank that brings together on a single interface all the banking services necessary for the financial management of an SME with financial flows of nearly ten million euros per month.
On n’aurait jamais eu une offre aussi adaptée à nos besoins avec une banque classique. »
Sébastien Tronel
Cofounder and CFO
Using around twenty Memo Bank corporate cards, Trusk can now smoothly and autonomously track and manage all employee expenses. The Memo Bank platform allows:
“Such quality of tracking does not exist today among other banking players.” testifies Sébastien Tronel.
Thanks to the Memo Bank term account, Trusk putsits cash surpluses to work. Sébastien Tronel also appreciates being able to create his term account quickly, in just a few clicks.
” The deferred payment of corporate cards is a considerable asset, allowing us to avoid using multiple tools to make cash advances to ensure our expenses. “ notes Sébastien Tronel, who now benefits from a 30-day cash advance and better quality control over all expenses.
Furthermore, the flexibility in overdraft management and instant transfers are essential assets for optimizing cash flow and monitoring Trusk’s activity.
” Today, the majority of our flows pass through Memo Bank, whose offering is clearly the smoothest in the market, particularly for managing payment and collection operations. Time and productivity gains are real for our activity. ” specifies Sébastien Tronel. The responsiveness of the teams, their ability to provide effective responses to needs, and the impeccable customer service are also important assets compared to traditional banks according to Sébastien Tronel.
Finally, as Trusk actively works to reduce its environmental footprint by using electric vehicles, Sébastien Tronel appreciates collaborating with a bank that is also committed, through various actions, to reducing its carbon footprint.
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Memo Bank is a Société Anonyme with an Executive Board and a Supervisory Board with a capital of €13 081 499.46 € and accredited as a credit institution by the European Central Bank and regulated by the French Prudential Supervision and Resolution Authority (4 place de Budapest, 75009 Paris).
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Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
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Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
