Freight Payment
Formally known as PowerTrack, Freight Payment helps organizations process freight invoices electronically with unrivaled accuracy and make electronic payments on time, around the globe. Our robust tools enable shippers to extend payment terms and ensure service providers are paid quickly, optimizing working capital for both.
Freight Payment is the largest and most experienced freight payment company today, offering benefits that are unparalleled in the industry. Our freight payment network has more than 17,000 active carrier customers and pays thousands more.
For the first time in the freight industry, both shippers and carriers are truly treated as customers in the payment system - because they are. Our system is built on the philosophy of equal access and equal responsibility to ensure fast, accurate electronic payments. In the end, the result is lower overall transportation costs across every mode, whether it is air freight, barge, ocean, rail, truckload, less-than-truckload, or pipeline. Inbound or outbound, Freight Payment delivers.
Formally known as PowerTrack, Freight Payment helps organizations process freight invoices electronically with unrivaled accuracy and make electronic payments on time, around the globe. Our robust tools enable shippers to extend payment terms and ensure service providers are paid quickly, optimizing working capital for both.
Freight Payment is the largest and most experienced freight payment company today, offering benefits that are unparalleled in the industry. Our freight payment network has more than 17,000 active carrier customers and pays thousands more.
For the first time in the freight industry, both shippers and carriers are truly treated as customers in the payment system - because they are. Our system is built on the philosophy of equal access and equal responsibility to ensure fast, accurate electronic payments. In the end, the result is lower overall transportation costs across every mode, whether it is air freight, barge, ocean, rail, truckload, less-than-truckload, or pipeline. Inbound or outbound, Freight Payment delivers.
Increase Collaboration, Control and Visibility
What our solution means to your organization:
- Freight Payment: automate the entire payment process by streamlining invoice processing, eliminating paper invoices and checks, all while ensuring the proper level of audits and approvals
- Global Technology: make electronic payments on-time around the globe in 61 countries with 15 currencies through the extensive bank settlement network
- Finance: manage cash as effectively as possible by leveraging built-in financing for every invoice payment, improving your ability to manage and forecast cash requirements
- Extend Accounts Payable: shippers pay based on each carrier's terms and/or extend payment by paying us later
- Shorten Accounts Receivable: carriers reduce days sales outstanding and get quicker payment by leveraging trade finance
