![]() ![]() If the company does not have the capabilities, the fleet factoring company will manage the process for them. Many trucking companies already rely on automated software for payment and fleet factoring can be integrated into already existing processes. Automation in the process is also important in maintaining efficiencies at this hectic time. This option can make all the difference particularly in the last quarter where demand is high, and cash flow is critical. ![]() The trucking company does not have to factor out all of its invoices they can choose to factor only the invoices that take the longest for payment. Fleet factoring also offers business solutions with a customized approach. Fleet factoring companies like FleetOne can provide the capital for operation sustainability and growth while the trucking company can focus on other areas of the business. During the peak quarter, as your accounts receivables increase, so too does your access to immediate cash flow from your factoring contract. The best thing about fleet factoring is that there is no limit to the amount of funding a company can receive. The reliability of cash flow creates internal confidence as well as external perception that the company is sound. These resources can be applied to overall operational growth like warehouse storage, brokerage resources or seasonal contract workers. Fleet factoring resources allow trucking companies to answer the challenge in the most efficient ways possible. Financial supply chains need to be able to handle the volumes just as much as the product supply chain does. Trucking companies need to be prepared to handle the largest fright volumes they will experience throughout the year. With the holiday months included, the 4 th quarter of the year is peak season for shippers across the country. Fleet factoring company FleetOne Factoring allows immediate access to cash as well as resources to initiate efficiencies into other systems, not the least of which is payment. That is why even successful fleets are turning to factoring for help. Managing cash flow can be one of the biggest challenges that a company faces, and while the demand for shipping seems to be increasing daily, the efficiencies in systems to keep cash flow constant is not keeping pace. While that generation may not be interested in the current state of the business, they are interested in progress – which is exactly what self-driving technology presents.Īutonomous trucks might be a more exciting innovation that most but there are other automated efforts in line to help the industry in every aspect of business including finances. Drivers are aging out and the industry is looking to a new generation to participate. The industry is evolving right along with the rest of the world. Based on the critical need for drivers, if anything self-driving capabilities should be embraced. The idea that autonomous vehicles will take millions of jobs away from drivers is actually not at all a reality. While self-driving technology is exciting, it is also raising concerns in the trucking industry. Automation in everything from robotics in logistics to automated payment software is transforming the way the industry is doing business, and fleet factoring is enabling those successes. And while autonomous trucks are becoming a reality, they are not the only autonomous tactic that the trucking industry is implementing. When we talk about automation in the trucking industry, we are most often joining the conversation about self-driving trucks. Once documents are submitted you will be able to easily organize documents by load, automatically create invoices and bundle your bill of lading, rate confirmation and any other documents from anywhere with our powerful online portal.Fleet Factoring Enables Business Automation and ProgressĪshley Wilks Business automation and growth through fleet factoring ![]() Drivers will no longer need to overnight paperwork or find a scanner in order to get electronic documents back to the home office. Ĝonvenience of receiving documents by email or through our online portalįleetDocs will allow you to use your smartphone to capture images of all your paperwork and instantly turn them into business ready documents.Ĝonsolidates multiple pages/images to a single document.High quality compressed documents (no more giant image files eating up your inbox).Ěbility to determine required input driver fields by (load number, trip number, etc…).Provides the ability to email or send directly to our online portal. ![]()
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