Aljex Software has joined with Triumph Business Capital to provide two working capital services to brokers, carriers and third-party logistics providers.
Aljex Software has joined with Triumph Business Capital to provide two new working capital services to brokers, carriers and third-party logistics providers.
“This integration fundamentally changes brokerage for the better,” said Aljex CEO Tom Heine in a statement. “Brokers using Triumph in Aljex now have unlimited access to capital, allowing smaller brokers to compete with the big brokers.”
TriumphPay is a web-based payment processing portal that allows brokers to pay carriers quickly without having large sums of cash on hand. After a load is complete in Aljex, the broker can designate that the invoice is approved for payment, at which time Triumph purchases the invoice from the broker and pays the carrier.
Triumph’s Accounts Receivable Factoring is financing the program for invoices. When a freight load is complete in Aljex, supporting documents are automatically sent to Triumph, which purchases the invoice and remits funds to the broker.
“Triumph handles invoicing, accounts receivable, and accounts payable, allowing the broker to focus on revenue-producing activities. Accounts Receivable Factoring, in addition, outsources credit monitoring and collections, further streamlining revenue for brokers,” Aljex said.
Aljex, Triumph Business Capital offer freight payment services
