As part of FreightWaves’ The Future of Supply Chain event, Haul Pay will be demonstrating its revolutionary freight finance product.
“This is a logical next evolutionary step for EKA to realize its original vision to democratize freight management,” says CEO JJ Singh.
QuickPay gives fleets access to same-day payment on the loads they deliver.
Many turn to factoring to ease cash crunches.
TriumphPay is shifting the power over invoice control back into the hands of carriers.
Incongruent payment cycles make it hard for low-credit businesses to fund their operations. BAM is a Fintech solution for the world’s oldest method of raising capital, factoring.
Cashflow Corner presented by TriumphPay …One of the most costly tasks for small companies is chasing down accounts for payment, which is why many smaller fleets and owner-operators turn to factoring companies.
Match Factors, a pioneering invoice factor based in South Carolina, announced that it has joined the Blockchain in Transport Alliance (BiTA).
Despite all this good news, an underlying problem remains for many truckers – getting paid. There are still some shippers that are dragging their feet when it comes to settling their bills, and that leaves carriers short of cash.
When you run a trucking business that has weekly and daily bills such as salaries and fuel, but shippers pay at 30, 60 or even 90 days, ensuring you have the proper cash flow to maintain operations can be tricky. That’s why many owner-operators and smaller fleets have turned to invoice factoring.
