AI TOOL PROFILE
Denim | Freight Factoring and Billing Software
- Finance and Accounting
- Billing and Invoicing
- 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.
At a glance
- Best for
- Freight Brokers, Trucking Companies, 3PLs, Freight Carriers
- Key use cases
- Accessing Working Capital, Managing Back-Office Administration, Carrier Payment Management, Fleet Expense Management
- Integrations
- Turvo, EKA, EZ Loader, Tai
- Official website
- Visit Denim official website
How AI is used
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
Flexible Invoice Factoring
Provides working capital by advancing funds on invoices, with options to factor specific loads or delay payments to affect rates.
AI-Powered Audit
Uses AI technology to verify that load details match the provided documentation during the invoicing process.
TMS Integrations
Connects with over 16 transportation management systems to sync job data.
Same-Day Credit Checks
Supports risk management by providing credit checks on brokers and shippers with decision letters typically issued the same day.
Automated Invoicing
Generates co-branded invoices and sends them directly to customers based on submitted load details.
Denim Fuel Card
A carrier card that offers fuel discounts and reports repayments to Experian to support business credit building.
Express Factoring
An option for faster payouts that may provide funding within minutes of invoice submission.
Use Cases
Accessing Working Capital
Freight brokers and carriers use the platform to advance funds on net-30 invoices to maintain liquidity.
Managing Back-Office Administration
Trucking companies use automated invoicing and AI audit tools to manage paperwork.
Carrier Payment Management
Brokers use QuickPay options to issue payments to carriers, typically within two business days.
Fleet Expense Management
Fleet owners use the integrated fuel card to access nationwide discounts and monitor fuel spending.
Integrations
- Turvo
- EKA
- EZ Loader
- Tai
FAQ
How quickly can I get paid with Denim?
- Most payments are advanced within one to two business days, while Express Factoring may provide funding within minutes of invoice submission.
Does Denim integrate with other software?
- Yes, Denim integrates with over 16 different Transportation Management Systems (TMS) to sync job data.
Are there minimum fees for factoring invoices?
- No, there is no minimum factoring fee per invoice, regardless of the invoice amount.
What are the contract terms for Denim?
- Denim offers both month-to-month agreements and 12-month contracts.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
More tools in Finance & Accounting
Other published listings in the Finance & Accounting category.
More tools in the Billing and Invoicing software type
Related listings that share the same software type for comparison and shortlisting.
