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Introduction
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.
Key Takeaways
Save time on accounting and reconciliation
Why it's a problem
Thousands of small transactions make it harder to track financial health.
A Smarter Solution
Time for a Change
There’s a better way
Struggling with slow invoicing and cash flow challenges?
Denim’s automated solutions streamline your back-office operations. Explore our solutions to see how Denim can help your business scale efficiently.
Summary
Deeper Dive
1. Simplify Your Accounting Structure
Problem: Overcomplicated books with too many manual entries.
Solution: Use accounting software that integrates directly with your factoring and invoicing platform to reduce redundant data entry and improve accuracy.
2. Automate Invoice Processing
3. Gain Real-Time Financial Visibility
4. Improve Carrier Payment Processes
5. Make Data-Driven Decisions
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