We talk to hundreds of carriers every week and one thing that typically comes up in the conversations we have is how to ensure rapid payments for freight moves. In other cases carriers who do work with brokers who offer quick pay have trouble depending on the advertised timeline for payments to be processed or sent and almost every broker has slightly different processes for accepting documents or invoices to remit payments.
Most carriers spend hours per day just dealing with handling their incoming payments, working with brokers or shippers to get the right docs over and creating invoices.
In order to solve the payment woes of carriers, we developed an entirely new tool within ComFreight last year called Haul Pay. Haul Pay enables carriers to standardize and streamline their accounts receivable and payments. Carriers can get approved the same day in many cases for the program and no credit check is required.
Haul Pay works by enabling carriers to sell their invoice at the time of pick up or delivery. We’re then able to advance money and process the transaction request the same day. The freight payment then arrives in the carrier’s bank account the next day.
Instead of spending time chasing down or checking on payments from shippers or brokers carriers can rest easy knowing that they’ve been paid. Because Haul Pay is a totally new form of freight factoring we’re able to do this with no recourse. 100% free of risk to the carrier client.
No need to worry about having to repay a factoring company if the payment is not recovered by us. It’s on us at that point.
The Haul Pay feature in the ComFreight app also enables you to track your payment status, history and check credit instantly for new customers.
This means carriers can focus 100% on hauling loads, growing their fleets and expanding their business operations.
Accounts receivables and collections become a thing of the past, overnight, with Haul Pay. Learn more today here or give our team a call at 888-633-5558.
We’ve served tons of carriers already with more happy ones being made every day. Eliminate the stress of payments, standardize all of your payments and eliminate the time you take creating invoices and dealing with collections once and for all!
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