Transport company factoring
JITpay™ transport company factoring gives forwarders the opportunity to pay their contractors quickly and extend their own payment terms.
Setting up factoring structures is complex and expensive. In the JITpay™ system, these are already included:
JITpay™ usually pays carriers within 48 hours of settlement. As a forwarder, you are given the opportunity to flexibly structure your payment terms and thus create greater financial leeway for yourself.
Especially if you already use long payment terms or have to extend them in the future due to market conditions, you can use JITpay™ Transport Contractor Factoring to address many more transport companies that are dependent on quick payment for their services. This can lead to significant cost savings in freight rates.
With JITpay™ you deepen the cooperation with your existing partners and get new partners more easily.
Transport company factoring - the advantages
- Strengthen your service providers through fast payment
- Design your payment terms flexibly depending on the liquidity situation
- Set your own payment terms up to 90 days without burdening your partners
- Expand your financial scope independent of banks
- Improve your balance sheet ratios and optimize your rating with banks
- Optimize your payment processes
- Save administrative effort by having a central contact person
- No structuring fees and no minimum volume
How much does it cost?
JITpay™ only charges one fee per submitted transport invoice, depending on the agreed payment term. No hidden costs, no surprises.
Interest aroused? Registration with JITpay™ is free of charge and without a contract period. Just give it a try:
Free registration
JITinvoice™
With JITinvoice™ you can automatically create and send your invoices and have them paid immediately by JITpay™
With JITinvoice™ you can automatically create and send your invoices and have them paid immediately by JITpay™.
Enter your client’s details and the invoice will be generated. You can add additional services (e.g. separate downtimes). Afterwards, the invoice along with the order and delivery note can be sent to the client with a “click”. Once the invoice has been sent, you will usually receive the money in your account 48 hours later. We take care of the receipt of money from the client, the reminder of the invoice and also take the risk in case your client does not pay at all.
By using JITinvoice, you digitise your commercial process and never wait for money from your clients again.
Benefits at a glance:
- Expand your financial scope independent of banks
- No contractual minimum term and no minimum volume
- No hidden fees and costs
- Complete assumption of default risk by JITpay™
- Assumption of dunning and collection