Denim | Freight Factoring and Billing Software
Denim helps freight brokers and trucking companies manage working capital and back-office tasks. It is designed for businesses looking to access invoice payments and reduce manual administrative work.
At a glance
- Category
- Finance & Accounting
- Best for
- Freight Brokers, Trucking Companies, 3PLs, Freight Carriers
- Pricing
- Rates range from 0.5% to 10% with options for month-to-month or 12-month contracts. Qualified accounts may access factoring rates as low as 1% per invoice.
- Key use cases
- Accessing Working Capital, Managing Back-Office Administration, Carrier Payment Management, Fleet Expense Management
- Integrations
- Turvo, EKA, EZ Loader, Tai
- Official website
- denim.com
Denim is a financial platform for the freight industry, supporting trucking companies, freight brokers, and 3PLs. It provides factoring options to help businesses access working capital based on their invoices.
The platform includes tools for automated invoicing, credit checks, and collections, as well as a fuel card program to help manage fleet expenses. It supports digital workflows and uses AI-powered audit technology to verify load documentation.
Buyers should confirm their average monthly factoring volume, as some rates and financing services may require meeting specific thresholds. Buyers should also confirm if their specific TMS is among the supported integrations.
Key Features
Provides working capital by advancing funds on invoices, with options to factor specific loads or delay payments to affect rates.
Uses AI technology to verify that load details match the provided documentation during the invoicing process.
Connects with over 16 transportation management systems to sync job data.
Supports risk management by providing credit checks on brokers and shippers with decision letters typically issued the same day.
Generates co-branded invoices and sends them directly to customers based on submitted load details.
A carrier card that offers fuel discounts and reports repayments to Experian to support business credit building.
An option for faster payouts that may provide funding within minutes of invoice submission.
Use Cases
Freight brokers and carriers use the platform to advance funds on net-30 invoices to maintain liquidity.
Trucking companies use automated invoicing and AI audit tools to manage paperwork.
Brokers use QuickPay options to issue payments to carriers, typically within two business days.
Fleet owners use the integrated fuel card to access nationwide discounts and monitor fuel spending.
Best For
Integrations
Pricing
Rates range from 0.5% to 10% with options for month-to-month or 12-month contracts. Qualified accounts may access factoring rates as low as 1% per invoice.
FAQ
Most payments are advanced within one to two business days, while Express Factoring may provide funding within minutes of invoice submission.
Yes, Denim integrates with over 16 different Transportation Management Systems (TMS) to sync job data.
No, there is no minimum factoring fee per invoice, regardless of the invoice amount.
Denim offers both month-to-month agreements and 12-month contracts.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
