By having immediate access to affordable funds, carriers are able to cover their operating costs and accelerate cash flow in order to focus their capital and human resources on growth.
Newmarket, Ontario (PRWEB) March 03, 2016
ITS Canada, provider of ITS Dispatch software, announced an integration with BAM Worldwide, a specialty provider of asset-based lending solutions to the transportation industry, that gives motor carriers one-click access to funds to accelerate and sustain business growth.
Motor carriers operating in the United States using ITS Dispatch software now have the option to request funds for loads in the system, at any time, directly from BAM Worldwide. The integration is also available to freight brokerage clients using ITS Dispatch to streamline transactions and shorten “days to pay” with carriers.
The integrated accounting and other features in ITS Dispatch that support this unique, one-click funding process include the ability to sort loads by pickup and delivery date,and a built-in electronic file storage feature that captures and preserves billing documents specific to each load and customer.
“The integration with BAM Worldwide offers many advantages to motor carriers who are ITS Dispatch customers,” says Tal Rahaman, General Manager of ITS Canada.“Our clients now have instant, single-system access to low-cost funds while conducting routine dispatch, driver management, accounting and other functions. This unique integration will help clients accelerate growth and further increase efficiency by eliminating errors and delays.”
With this new functionality, motor carriers can set up a predictable payment stream on their invoices, making it possible to take on more loads, expand their customer base, and improve cash flow.
“Small carriers that take advantage of this new integrated platform are able to more effectively compete against larger firms,” says Todd Ehrlich, President and CEO of BAM Worldwide. “By having immediate access to affordable funds, carriers are able to cover their operating costs and accelerate cash flows in order to focus their capital and human resources on growth. We look forward to working with many ITS Dispatch clients to help them achieve their goals.”
The integrated, end-to-end funding process from BAM Worldwide also creates financial security. Paper checks and manual processes are eliminated, thus mitigating the risks of financial fraud.
About ITS Dispatch
ITS Canada, the provider of Internet Truckstop (ITS) 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.