Carrier factoring
JITpay™ carrier factoring gives shippers the ability 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 the freight forwarder/carrier within 48 hours of settlement. As a shipper, you get the opportunity to flexibly design your payment terms and thus create greater financial leeway.
Especially if you already use long payment terms, you can use JITpay™ Transport Contractor Factoring to address many more transport companies that are dependent on rapid 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 by using your own good credit rating
- Design payment terms flexibly depending on your 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: