#FACTORING INVOICES WEX FLEET ONE FREE#

EFS and Fleet One | About Us | WEX Inc.Fleet One Factoring | What Truckers Need to Keep Cash Flowing.

Fleet One accounts | Customer support – WEX Inc.

Fleet One EDGE | Trucking Fleet Cards, Factoring, and Permits.

Trucking Factoring | Fuel Cards & Fleet Management – WEX Inc.

Factoring accounts | Customer support – WEX Inc.

If you start working with a new customer that requires an investment because they have 30 day or longer payment terms then you could factor this company and receive your money when you complete the load. This is important because you may have some great customers that pay delivery and these customers you would not need to factor. One great thing about most factoring companies is that they give you the flexibility to choose which customers you would like to factor. The fuel card also allows our clients to take advantage of deep discounts on roadside assistance, as well as maintenance and tire services.įactor only what you need. In addition, the cards may be used at any of our 7,100+ in network sites across the country and offer substantial fuel discounts and rebates.

We will provide your company with as many cards as necessary. In fact, it is one of the most popular programs we offer since it is one of the best in the trucking industry. We want to make it as simple as possible for our clients to be completely informed regarding their customers and their invoices.Ībsolutely. If you have any special reporting requirements, we will gladly take care of them by e-mail and fax. We provide a simple-to-use online account system that includes a wide variety of client reporting and real-time informational tools. At a bank, you may not be able to obtain additional loans for critical equipment such as trucks or trailers. Instead of having to wait 30, 60 or 90 days for your customer to pay you, a factor can get you that money in as little as 24 hours.įactoring is an excellent way of getting cash fast without creating debts. The sign of a great factoring company is that they want you to reach this point and celebrate when as a business owner you have grown to the point where you no longer need their services.Ī factoring company purchases freight bills at a small discount, providing up-front funds to a client for unpaid invoices. You may still like using the factoring company for all the benefits and time saving services they provide but after a while when your business grows you will not need the immediate access to money anymore. Your factoring company’s goal should be to help you succeed and out grow the need to use a factoring company. Why should a factoring company be your partner Even before you book the shipment you can call and check the credit of the shipper or broker and find out if they have the necessary credit or if you need to make sure and get an up front payment from the particular shipper. In a no recourse factoring solution you will have already received your payment for the shipment and will not have to do anymore to collect your invoice. The factoring company will invoice the customer and follow up to collect the payment. Once you submit an completed shipment to the factoring company you are essentially done. One thing to look for in a great partner is what will they do for me and how will they help me to succeed. In addition to a great finance tool a good factoring company will become your partner perform the role of Credit Department, Accounts receivable, Collections.

#FACTORING INVOICES WEX FLEET ONE FREE#

Best of all they support Trulos and are a big reason we are able to deliver our free truckload board and other tools.įactoring companies are becoming very customer service oriented and are able to provide valuable time saving services. They will custom design a solution for you to grow your company without debt, handle a large part of your back office needs and they really really want you to succeed. Fleet One Factoring is a great financial partner for trucking companies. Trulos Transportation and Fleet One Transportation have teamed up to bring the Fleet One Factoring products to the Trulos Users. WEX Fleet One Factoring will fund your WEX Fleet One fuel cards for free, eliminating wire fees and the hassle involved with letters of credit, cash deposits or the credit approval process. WEX Fleet One Factoring assumes the responsibility of your accounts receivable and ensure that the money from your approved invoices is delivered within 24 hours. Each accounts receivable financing program is custom-designed to match your specific needs. WEX Fleet One Factoring offers recourse and non-recourse funding programs to fit your business. Fleet One Factoring is a custom accounts receivable financing program designed exclusively for transportation companies just like yours. You have big plans to grow your business and achieve your dreams: but you need a solid financial partner to help you get there.

Factoring invoices wex fleet one