Brokers are Drowning in Accounting Work: How Denim Simplifies It with Sean Smith

03/13/25 • 47 min

Sean Smith and Joe Lynch discuss why brokers are drowning in accounting work: how Denim simplifies it. Sean is VP of Product at Denim, a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data.

About Sean Smith

Sean Smith, VP of Product and Client Services at Denim, has spent 10 years building and scaling products in the financial services and logistics industries. While leading Product at Denim, he has pioneered new capabilities for the factoring space including risk automation and pricing. Sean has also led work on our client dashboard, job management and collaboration that have revolutionized the process and workflow for broker clients looking to save time on back office operations. He excels at combining his passion for technology with the ability to drive impact on a balance sheet.

About Denim

Denim is a trusted freight factoring partner dedicated to advancing the supply chain by accelerating the flow of money and data. Denim provides quick access to working capital, along with flexible factoring solutions to easily manage financing options and automate back-office operations. Acting as a true partner and an extension of your team, Denim saves you time and money while providing the opportunity to focus on retaining and attracting new customers.

Key Takeaways: Brokers are Drowning in Accounting Work: How Denim Simplifies It

Flexible Freight Factoring: Denim provides adaptable freight factoring services, allowing businesses to choose which invoices to factor and when to accelerate payments, thereby improving cash flow management.
Back-Office Automation: The company offers tools to automate back-office operations, reducing manual tasks by up to 75% and streamlining administrative processes.
Comprehensive Financial Services: Denim's suite of services includes factoring, payments and collections, back-office operations, and a fuel card program, all designed to simplify financial management for freight businesses.
Rapid Payment Processing: With Denim, businesses can receive payments within one to two business days, ensuring quick access to working capital.
Extensive Network: Denim has processed over $2 billion in payments and serves a network of more than 120,000 companies, demonstrating its significant presence in the freight industry.
User Satisfaction: The company maintains a TrustPilot rating of 4.4 out of 5 stars, based on over 100 reviews, reflecting high customer satisfaction with its services.
Dedicated Support: Denim assigns a dedicated account manager to each client, offering personalized support to help navigate financial challenges and optimize business operations.

Learn More About Brokers are Drowning in Accounting Work: How Denim Simplifies It

Sean Smith

Denim | Linkedin

Denim

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About Sean Smith

About Denim

Key Takeaways: Brokers are Drowning in Accounting Work: How Denim Simplifies It

Flexible Freight Factoring: Denim provides adaptable freight factoring services, allowing businesses to choose which invoices to factor and when to accelerate payments, thereby improving cash flow management.
Back-Office Automation: The company offers tools to automate back-office operations, reducing manual tasks by up to 75% and streamlining administrative processes.
Comprehensive Financial Services: Denim's suite of services includes factoring, payments and collections, back-office operations, and a fuel card program, all designed to simplify financial management for freight businesses.
Rapid Payment Processing: With Denim, businesses can receive payments within one to two business days, ensuring quick access to working capital.
Extensive Network: Denim has processed over $2 billion in payments and serves a network of more than 120,000 companies, demonstrating its significant presence in the freight industry.
User Satisfaction: The company maintains a TrustPilot rating of 4.4 out of 5 stars, based on over 100 reviews, reflecting high customer satisfaction with its services.
Dedicated Support: Denim assigns a dedicated account manager to each client, offering personalized support to help navigate financial challenges and optimize business operations.

Learn More About Brokers are Drowning in Accounting Work: How Denim Simplifies It

Sean Smith

Denim | Linkedin

Denim

Mastering Freight Broker Accounting with Batch Entry

5 Signs Your Freight Invoice Bookkeeping Practices are Holding You Back

Resource Collection on All things Freight Accounting

The Denim Story with Shawn Vo | The Logistics of Logistics

Financial Predator vs Partner with Bharath Krisnamoorthy | The Logistics of Logistics

Scaling Your SMB Freight Brokerage with Sean Smith | The Logistics of Logistics

The Logistics of Logistics Podcast

If you enjoy the podcast, please leave a positive revi...

Previous Episode

The Broker-Carrier Summit: From Conflict to Collaboration with Dan Lindsey

Dan Lindsey and Joe Lynch discuss The Broker-Carrier Summit: from conflict to collaboration. Dan is the Founder and President of the the Broker-Carrier Summit, which will be held in Indianapolis, IN, April 28 – May 2, 2025.

About Dan Lindsey

Dan Lindsey is the Founder of the Broker-Carrier Summit, a conference and community designed to foster strong partnerships between freight brokers and trucking carriers, moving beyond basic transactional communication. Dan has been in the logistics industry for 23 years. He started on the docks as a preloader for UPS in 2001. Since then, he has worked as a freight broker, operations manager, business development leader, and entreprenuer in multiple segments of the industry. His commitment to “doing business the right way” led him to launch Linkage Logistics, a freight brokerage based in his hometown of Fishers, IN in March of 2020. Dan is the visionary behind the Broker-Carrier Summit. His focus has always been on establishing deep, mutually agreeable partnerships and hopes that closer cooperation between brokers and carriers will become the new normal in our industry.

About The Broker-Carrier Summit

The Broker-Carrier Summit, founded by Dan Lindsey, bridges the gap between truckload carriers and freight brokers. This semiannual event, born from Lindsey's extensive logistics experience since 2001, fosters collaboration and trust. Scheduled for April 28 to May 2, 2025, in Indianapolis, the summit features keynotes, learning labs, and networking events like golf and speed networking. It focuses on open communication, mutual understanding, and best practices, aiming to transform industry relationships. Participants gain insights into operational strategies and industry trends, enhancing business operations. The summit's goal is to create lasting partnerships, contributing to a more efficient supply chain.

Key Takeaways: The Broker-Carrier Summit: From Conflict to Collaboration

Exclusive Focus: Tailored specifically for truckload carriers and freight brokers to connect and build partnerships.
Event Dates: Scheduled from April 28 to May 2, 2025, in Indianapolis, Indiana.
Innovative Agenda: Emphasizes open communication and mutual understanding through engaging keynotes, learning labs, and breakout sessions.
Networking Opportunities: Offers various activities, including a golf tournament and speed networking sessions, to facilitate meaningful connections.
Community Building: Aims to transform industry relationships by promoting trust and collaboration between brokers and carriers.
Educational Focus: Provides insights into best practices, operational strategies, and industry trends to enhance business operations.
Positive Impact: Strives to create lasting partnerships that contribute to a more efficient and effective supply chain.

Learn More About The Broker-Carrier Summit: From Conflict to Collaboration

Dan Lindsey | LinkedIn

Broker-Carrier Summit | LinkedIn

Broker-Carrier Summit | Homepage

The Broker-Carrier Summit with Dan Lindsey | The Lgistics of Logistics

Building Strong Carrier Relationships with Dan Lindsey | The Logistics of Logistics

The Logistics of Logistics Podcast

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Next Episode

The CPG Supply Chain with Mike Baudendistel

Mike Baudendistel and Joe Lynch discuss the CPG supply chain. Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector.

About Mike Baudendistel

Mike Baudendistel is the Head of Intermodal Solutions at SONAR, assisting with product design and supporting current and prospective data product customers. In addition, he is the showrunner for The Stockout, video podcast which focuses on CPG and retail logistics. Prior to FreightWaves, Mike covered transportation and equipment as a sell-side equity research analyst at Stifel. At Stifel, he had primary coverage of the railroad, rail equipment, and truck equipment sectors. His experience also touched the truckload the domestic marine sectors. He is a CFA Charterholder and is based in Dallas.

About SONAR

SONAR is dedicated to helping businesses understand and navigate the global supply chain. Our mission is to bring market intelligence and transparency to all parts of the ecosystem to yield better decision-making and performance. SONAR provides high-frequency data and visibility into the freight marketplace — at local, state, national and global levels. SONAR’s price, demand and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor and forecast the global physical economy.

About FreightWaves

FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. FreightWaves’ SaaS product, SONAR, is the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. FreightWaves.com, the company’s news site, is the leading provider of news and commentary for the transportation and logistics space. FreightWaves also hosts conferences under Transparency and MarketWaves branding and is a co-developer of the first futures contracts dedicated to trucking spot rates.

Key Takeaways: The CPG Supply Chain

The CPG (Consumer Packaged Goods) industry produces everyday items that consumers frequently buy and quickly use, like food, beverages, and household products.
Some of the larger CPG companies are:
- Nestlé: A global leader in food and beverage products.
- Procter & Gamble (P&G): Dominates the household and personal care sector.
- PepsiCo: A major player in both beverages and snack foods.
- Coca-Cola: A globally recognized beverage company.
- Unilever: Offers a wide range of food, home care, and personal care products.
- Johnson & Johnson: While having large pharmaceutical divisions, they also have a very large presence in consumer health products.
- Colgate-Palmolive: Leading in oral care, personal care, and home care.
SONAR is a high-frequency data and analytics platform that provides real-time insights into the freight market, helping businesses make informed decisions regarding supply chain management.
SONAR's NTI offers a seven-day moving average of spot rates in the U.S. for-hire, over-the-road dry van trucking market, serving as a transparent benchmark for freight pricing and market trends.
The platform delivers extensive data across various transportation modes, including truckload, less-than-truckload, intermodal, and ocean freight, enabling users to monitor supply and demand dynamics effectively.
FreightWaves is acknowledged as a leading source of freight market intelligence, having been featured in the FreightTech 25 list, which highlights the most innovative and impactful technology solutions in the freight industry.