Venn-Corp - Mississauga, ON

Start working with Venn 3 months ago. first payment received 57 days. Next two invoices from OCT/29 and 31. @ 41 and 39 days. will update once received the payments for these two.
 
They promised us payments would be handled efficiently once the transition to Bibby took place. We told them we couldn't accept any more orders until it the invoices over 60 days were handled. They pleaded for help on a few orders, so we accepted credit card for those while they sorted out the 'issues'.
We haven't heard from them since . We told them we would be proceeding to the next step in collecting if they can't offer any news soon. About 20 orders between 60-110 days.
Hope they get their act together soon, but no more credit from us...ever.
 
We have had a few similar issues - wrong currency, lost invoices etc but it seems to be getting back on track since they left the Traffic Tech setup. We had one that went 120 days but there was an issue and they continued to work with us on it. We always get someone on the phone and they are courteous. Currently we have 10 invoices outstanding with the oldest being 86 days old and the next being 45 days old. It looks like they pay monthly around the 10th-15th.
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We always got paid in US dollars for the first loads that we did last year. Then, we too received a check that should have been US but it was in Canadian currency. We didn't make much of a case of it because, at the time the dollar was pretty much at par. So, the next time we negotiated something I made a point of stating 'in US dollars?' and at that time was told 'what do you mean US dollars. You're a Canadian carrier.' My answer to that was 'well, we go to the US therefore, we need US dollars to pay our expenses'. That was when I was told that the company policy is that 'Canadian carriers will be paid in Canadian dollars ONLY... '
 
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Venn-Corp as of Dec 15th made it to our DNU list. Issues... payment and payment terms. In one word there horrible.
 
I just wanted to update re Venn-corp.
We did get paid. Owner (Brenden Cox) did give us the run around for two weeks but when I threatened to call his customer - they did an EFT and sent check as well ( SAME INVOICES PAID TWICE) which I will return once I get my last 2 invoices paid by them which are 84 and 54 days old.
 
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We have been owed $4200 Cdn for a load we did for Venn Corp in September 26/2014. After number phone calls we are still chasing down our money.
 
We got paid every penny ($7,000) we were owed. Brandon Cox is a man of his word, he did exactly what he said he would do. I would like to hear some good things about Venn-Corp before we do any more work for them.
 
Brendan Cox is the owner of Venn-Corp. Have you spoke to him directly about your receivable and why you have not been paid yet?
 
Call him directly. You are way past the "run around" stage here. It's 5+ months later.

Ask for Brendan directly & please update the forum on the outcome.
 
Hello all,
I'm not here to spread rumours, but I would use caution if working with Venn Corp. I have it from a reliable source that their 'problems' are back and funding is a big problem. We are currently out about 2k and will draw the line at that unless we can collect soon. So far, no word on our payment.
I will update if any progress is made
 
We did give them another chance (they requested) and got paid in 52 days. We did not have to call them for payment this time. It was $2000 and no issue.
 
Okay, so I have spoken to Brendan. I have been promised payment immediately. He seems to be a man of his word. He has explained the situation and although this is 'business', I feel his pain :eek: I'm convinced that there were no bad intentions what so ever and we wish him the best of luck with this endeavor.
 
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