Freight brokers now have access to faster payments with Express Factoring, Denim’s latest service providing near-instant cash flow. Advances are in your bank account within minutes* of job submission, removing the hassle of traditional cut-off times or ACH windows. Whether you or your contractors need quick access to funds, Express Factoring ensures immediate payment processing, any time of day.
Sometimes, waiting for payments isn’t an option. Express Factoring gives brokers and fleets more flexibility and control over their finances while helping them build stronger relationships with carriers. By offering even faster service than your standard QuickPay options, you can stand out to top-tier carriers and position yourself as a preferred partner. Additionally, Express Factoring opens up opportunities to monetize quicker payments, allowing brokers to provide same-day or next-day cash flow as a premium service.
Getting started with Express Factoring is simple. Clients can set their advances to default to Express Factoring or manage contractor payment settings in Denim. Once approved, payments are transferred within minutes, keeping your cash flow in sync with your operational needs.
“Our goal with Express Factoring is to give brokers more control over their cash flow, because timing is everything. Freight brokers and carriers need flexibility in today’s fast-paced market, and this feature offers just that,” says Bharath Krishnamoorthy, CEO and Co-Founder of Denim. “It’s another step in Denim’s mission to help businesses thrive by getting paid faster.”
Express Factoring is now available to eligible clients. If you’d like to learn more or see if it’s the right fit for your operations, contact our team for more details.
*Subject to destination bank limitations and account restrictions.
%20(1).jpg)
.jpg)
.png)
.png)
.png)
