By using this new, powerful lending capability, small brokerage firms can compete against much larger companies in terms of speed, capacity and efficiency.
Newmarket, Ontario (PRWEB) July 16, 2015
ITS Canada, provider of ITS Dispatch, has announced a new, exclusive set of features to help its clients accelerate freight transactions and cash flow.
The new features are available through software integration with BAM Worldwide, a specialty provider of asset-based lending solutions to the transportation industry. Brokerage clients in the United States using ITS Dispatch can now request and inject funds immediately to process freight transactions.
This integrated funding process is designed to shorten critical “days-to-pay”with carriers and streamline back-office accounting functions. ITS Dispatch clients stand to benefit immediately from the fast access to capital by improving their credit scores, increasing carrier capacity and boosting their margins, all of which sustain high-growth businesses.
To utilize the new features, BAM Worldwide has a fast-track approval and setup process for ITS Dispatch clients. The initial setup is complete within 24 hours. Once approved, clients can instantly request and receive funds for individual freight transactions directly from ITS Dispatch.
“The integration with BAM Worldwide offers many advantages to ITS Dispatch customers. By using this new, powerful lending capability, small brokerage firms can compete against much larger companies in terms of speed, capacity and efficiency,” says Tal Rahaman, General Manager of ITS Canada.
Brokerage clients can use the integrated features to accelerate cash flow by eliminating delays caused by paperwork and manual data entry. The ITS Dispatch and BAM Worldwide platforms use a simplified, electronic process to conduct rate confirmations, load tendering, financing, load tracking, filing of delivery documents, and more — all of which are accessible from a single screen.
“We are excited about working with ITS Dispatch clients and helping them grow by providing instant access to capital, automated payment processing and other vital financial services through an integrated platform,” says Todd Ehrlich, President and CEO of BAM Worldwide.
Freight transactions and funding decisions are made easy by ITS Dispatch through one-click sorting of loads based on pickup and delivery date, customer, carrier,and more. A built-in electronic file storage feature captures and preserves billing documents specific to each load, customer and carrier profile.
Clients also gain financial security by using the end-to-end funding process from BAM Worldwide that eliminates paper checks and other manual processes that create opportunities for employee theft.
ITS Dispatch clients that use the new integrated features have been pre-qualified to receive special financing terms from BAM Worldwide. For more information on specific features of ITS Dispatch and BAM Worldwide visit us on the Web at http://www.itsdispatch.com and http://www.BAMworldwide.com
About ITS Dispatch
ITS Canada,the provider of Internet Truckstop (ITS) Dispatch software, is the most trusted web-based application for small to medium sized trucking companies and freight brokerages.
The company offers a line of versatile transportation specific business management software solutions. ITS Dispatch trucking software products cater to 1-2 truck Owner Operators and to Carrier Fleets with 3-25 trucks. They provide simple to use tools for handling load dispatching, driver confirmations, load management, driver payroll, customer invoicing, IFTA reporting and more. ITS Dispatch Freight Broker software products are used by independent Freight Brokers and can be easily scaled to manage multiple sales agents including satellite agent offices.
Since 2008, ITS Dispatch customers across North America have created over 10 million shipping loads representing approximately $1.2 billion in freight billings. Further information on ITS Dispatch is available on the Internet at http://www.itsdispatch.com
About BAM Worldwide
BAM Worldwide, LLC provides freight brokerage firms and motor carriers a unique working capital and payment processing solution. Both sets of clients are able to increase financial and operational performance and efficiency, allowing them to reach their full potential and increase cash flow. Unlike traditional bank lending or factoring arrangements, BAM does not require personal guarantees or take control of collections. For more information visit http://www.BAMworldwide.com.