Average Ratings 1 Rating
Average Ratings 1 Rating
Description
Denim streamlines the processes of invoicing, collections, and payments, leading to a remarkable 75% reduction in the daily tasks faced by freight brokers. Our focus is on providing automation and advanced tools for broker operations, helping our clients thrive in a highly competitive landscape. With our exclusive technology, freight brokers gain the ability to manage their businesses more effectively, thanks to simplified financing options. Denim serves as a financial empowerment platform tailored specifically for freight broker operations. We facilitate easy access to the necessary working capital for brokers, enabling growth through our specialized freight software that encompasses factoring, automated invoicing, collections, and payment solutions. Additionally, the Denim Wallet offers a payment solution for carriers and shippers, allowing them to distribute payments using their own resources. This system integrates flawlessly with our Business Analytics Dashboard, TMS integrations, and QuickBooks, ensuring a cohesive experience for our users. Through our innovative offerings, we aim to revolutionize the way freight brokers operate and manage their financial activities.
Description
Factor Avenue is an innovative factoring software platform that utilizes artificial intelligence to cater to high-volume environments requiring regulated receivables finance. By automating processes such as invoice verification, payroll funding, exposure management, and funding decisions based on established rules, it redefines invoice factoring into a sophisticated and scalable financial infrastructure.
The platform accommodates both recourse and non-recourse models across various sectors, including staffing, construction, transportation, healthcare, and purchase order funding, while implementing multi-layered credit limits, real-time aging controls, and pricing strategies derived from contracts that enhance risk visibility.
Developed by a team of industry experts with over 18 years of experience in factoring technology, the systems they have created efficiently handle more than 50,000 invoices each day and facilitate transaction volumes exceeding $100 million. With a trusted reputation among over 200 factoring companies managing portfolios worth more than $500 million, Factor Avenue guarantees impressive reliability with 99.9% uptime, robust enterprise-level security, and tailored customization that meets specific industry and operational requirements.
This platform not only streamlines financial operations but also ensures that clients can effectively manage their resources and risks in an ever-evolving market landscape.
API Access
Has API
Yes
API Access
Has API
No
Screenshots View All
No images available
Integrations
AscendTMS
Yes
Cargo Chief C4
Yes
QuickBooks Online
Yes
Tai TMS
Yes
Integrations
AscendTMS
No
Cargo Chief C4
No
QuickBooks Online
No
Tai TMS
No
Pricing Details
2.95% fee
Free Trial
No
Free Version
No
Pricing Details
$299/month
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
No
Mac
No
Linux
No
Chromebook
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Denim
Founded
2019
Country
United States
Website
www.denim.com
Vendor Details
Company Name
FactorAvenue
Founded
2024
Country
United States
Website
factoravenue.com
Product Features
Freight
3PL
No
Barcoding / RFID
No
Billing & Invoicing
No
Customer Management
No
Customer Portal
No
Import / Export Management
No
International Forwarders
No
LTL Management
No
Local Forwarders
No
Rate Management
No
Shipment Tracking
No
Truckload Management
No
Warehouse Management
No
Waybills
No