Denim

QuickPay isn’t just about paying carriers faster—it’s a strategic tool for boosting your brokerage’s revenue. Denim helps you easily manage and monetize your QuickPay program without any hassle. QuickPay fees can be added to each job at no additional cost, giving you full control over payments while keeping your carriers satisfied. Benefits: 💪 Strengthen Carrier Relationships: Fast payments keep your carriers loyal and engaged. 📈 Boost Your Revenue: Charge QuickPay fees and retain 100% of the earnings. 🧾 Full Flexibility: Set QuickPay fees for all jobs or adjust them on an invoice-by-invoice basis. Simplify payments, strengthen relationships, and grow your revenue by managing your QuickPay program through Denim. Learn more about setting up a QuickPay program in our latest article. Link in the comments.

3 things that are easier than building credit in freight:  1. Building the Pyramids 2. Solving a Rubik Cube in under 10 seconds 3.  Running a marathon backwards Building a solid credit score as a freight broker can seem daunting, especially for those stepping out from an agency into their own independent brokerage. But don't worry, we've got your back! We’ve put together actionable tips that will help you build your credit score efficiently without hindering your operations. Check out our guide and start strengthening your financial foundation today. LINK: https://hubs.li/Q02PnLRc0

Did you know you could cut your factoring rate in half by delaying your advance or carrier payment? If you don't need your advance immediately, you could be saving significantly on factoring fees. Learn more about how Denim's flexibility can save you money in our latest article: https://hubs.li/Q02PL4K90

Every day, brokers tell us about their struggles to secure credit with carrier factoring companies. We're here to help. Carrier factoring companies evaluate several factors when deciding how much credit to extend to brokers. They typically consider: 💸 Credit and payment history 🕰️ Time associated with your MC number 🛑 Potential red flags, such as delinquency or bankruptcy Facing challenges in these areas? Our latest blog, offers practical advice to help you overcome these obstacles and start building trust today. LINK: https://hubs.li/Q02PyrYm0

According to data from Brush Pass, Mid-Cap and Large-Cap freight brokers generally have lower credit scores compared to smaller brokers. The article suggests two potential reasons for this trend: 💸 Cash flow constraints 📆 Extended payment terms Credit scores act as a gatekeeper in the brokerage industry. A low score can hinder your ability to secure lines of credit with carrier factoring companies, obtain bank loans, and access lower factoring rates, all of which are crucial for growth. Learn more about broker credit and how to build yours up. LINK: https://hubs.li/Q02PnpYD0

Only 117 days left in 2024! There is still time to set short-term goals to finish the year strong. Check out these 3 short-term goals to close out 2024 on a high note: 1️⃣ Optimize Your Freight Pricing – Review and adjust your rates to match market trends. 2️⃣ Conduct an End-of-Year Financial Review – Streamline invoicing, reduce DSO, and boost cash flow to start 2025 on solid ground. 3️⃣ Boost Operational Efficiency – Implement fuel-saving initiatives, driver training, and consider fuel cards like Denim’s, which can save you up to 84¢/gallon. Want to set your company up for success in 2025? Read the full blog: https://hubs.li/Q02PdQKb0

Struggling to get a line of credit from carrier factoring companies? You’re not alone—and without it, your business could be at risk. 🚫 Here’s the step-by-step process to secure the credit line you need: 1️⃣ Request a trial credit line 2️⃣ Provide a solid reference, like your factoring company 3️⃣ Commit to paying in 1-2 days for the first 5 loads For a deeper dive into these tips, watch the full interview with Sean Smith and Chris Jolly. Link in the comments!

The Denim & Tai Software integration just got an upgrade. Now, our mutual customers can fund loads and stay updated on payment statuses directly within their Tai TMS platform. This two-way integration eliminates the need to: 💻 Keep both your Denim dashboard and Tai platform open—say goodbye to screen clutter. 💸 Log into Denim in a panic when a carrier calls about a payment—it's all accessible right in your TMS. 🧾 Wonder about on-time payments—payment statuses are updated daily in your Tai platform. What will you do with the extra time saved? Schedule a demo with our team to discover how the Denim & Tai integration can streamline your operations and save you hours!

Low rates are causing more and more carriers to factor their loads, which means brokers' AP teams are working with carrier factoring companies. And we’re hearing the horror stories: 1. Constant calls from carrier factoring asking for payment updates. 2. Payments not being reported to credit bureaus. 3. Lack of clarity on payment expectations. You are not alone. We’ve spoken to the experts and compiled a 3-step process to lower those call volumes. Read our latest blog for all the details. Link in the comments. #denim

Hot Take: Every load and carrier does not need to be paid in 24 hours. Years ago, quickpay was essential to work with the best carriers. However, today, more carriers are factoring their loads for immediate cash to cover the rising costs of maintaining a truck. This means you are paying a carrier factoring company, not a driver directly. If you are paying a factoring company, why are you quickpaying? Switch to net-30 days and save yourself hundreds of calls. Learn how to reduce the number of calls from carrier factoring companies in our latest blog. Link in the comments.