Accounts Receivable Factoring
Simplify your cash flow with accounts receivable factoring.
Outgo, a DAT product, takes the hassle out of receivables financing and accounts receivable factoring.
Managing unpaid invoices doesn’t have to be a challenge. With Outgo joining DAT—two trusted leaders in the freight industry—you can simplify accounts receivable factoring and improve your cash flow. Accounts receivable factoring allows you to turn outstanding invoices into immediate cash, helping you cover expenses, pay drivers on time, and keep your trucking business running smoothly. With expert factoring solutions, you can focus less on chasing payments and more on growing your business.
- Factor your invoices with ease through accounts receivable factoring from Outgo, a DAT product.
- Get paid in 4 hours for approved invoices with AR factoring.
- Streamline your billing and collection process.
Factor invoices easily through accounts receivable factoring with Outgo, a DAT product.
Accounts receivable financing gives you fast access to the money you already earned.
Accounts receivable financing factoring through Outgo, a DAT product, lets you turn unpaid invoices into cash in as fast as 15 minutes—without waiting 30, 60, or even 90 days for client payments. This isn’t a loan or line of credit; it’s a fast, hassle-free way to access the money you’ve already earned.
Get paid in 4 hours for approved invoices with AR factoring.
Simply upload your documents and collect on your unpaid invoices within hours.
Accounts receivable financing through Outgo, a DAT product, gives you greater control over your cash flow. Instead of waiting up to 90 days for unpaid invoices, you can access the funds you’ve earned within 4 hours for approved invoices. With low-fee receivable factoring, you can cover business expenses on your terms—whether it’s taking on new freight opportunities or handling necessary repairs—without delays. Say goodbye to missed opportunities and financial roadblocks caused by waiting for invoice payments.
Streamline your billing and collection process.
Accounts receivable factoring takes invoices off your hands and lets you skip chasing slow-paying partners.
Managing billing and collecting on unpaid debts is a time-consuming and complex back-office task—not to mention frustrating when all you want is the money you’ve already earned. Outgo, a DAT product, offers factoring and accounts receivable services, so you can hand off unpaid invoices, get cash in hand quickly, and let the experts handle collections for you.
Accounts receivable factoring, or AR factoring, is the process of selling an invoice or accounts receivable asset that gets you paid quickly and outsources the debt collection process to an AR factoring partner. Accounts receivable factoring companies will take on your unpaid invoices, essentially purchasing them from you for the full value of the invoice minus a small fee, then follow up with customers to make sure those invoices are paid and they earn back the money they paid you.
Factoring accounts receivable involves selling your unpaid invoices to a factoring company at a discount. The process is simple: once you deliver goods or services to your client, you submit the invoice to the factoring company. They advance a percentage of the invoice’s value—typically 80-90%—within hours. The factoring company then collects payment directly from your client. Once the client pays, the remaining balance is released to you, minus a small factoring fee, giving you quick access to cash.
Selling accounts receivable is another term sometimes used to describe accounts receivable factoring companies. While all factoring receivables companies will collect on unpaid invoices, factoring rates can differ from company to company. Freight brokers and trucking companies have to look out for hidden fees and fine print that can mean you’re paying more for AR factoring than you might have bargained for.
The good news is that with Outgo, a DAT product, there are never any hidden fees and the rate you see is the rate you’ll pay. Plus, there are no monthly minimums or volume limits.
Recourse factoring is a form of accounts receivable factoring where factoring receivables companies pay all or part of the invoices but don’t take on any collection risk of the invoices they’ve purchased. It’s simply a temporary exchange where the customer should pay before the period is over. Though factoring fees are often lower than with non-recourse factoring receivables companies (which take on the risk of a non-paying client), if your client chooses not to pay, then you will need to reimburse all or part of the amount of your invoice.
Non-recourse receivable factoring shifts the risk of unpaid invoices to the factoring company. While all factoring companies handle collections, non-recourse factoring ensures you won’t be liable for unpaid invoices that result from a broker going bankrupt or out of business.
When you’re looking into selling accounts receivable to a factoring company, you should be sure that there is no fine print that puts you on the hook for unpaid invoices or hidden fees. With Outgo, a DAT product, you can get non-recourse factoring at great rates. Outgo is an AR factoring solution you can trust.
Outgo, a DAT product, makes accounts receivable factoring easy. All you have to do is provide your MC number and contact information, and answer some additional questions from the Outgo team. After you’re approved, you will simply submit your paperwork to get paid within 4 hours for approved invoices.
Even better, since Outgo is a DAT product, you’ll be able to see exactly which factorable brokers have available loads right from your load board before you even pick them up. That way you’ll know what your finances will look like before you even pull out of your driveway.
Get easy accounts receivable factoring with Outgo, a DAT product.
Get access to your own cash and simplify your back office with Outgo, a DAT product. One of the most trusted names in the industry, we make accounts receivable factoring simple, so you can keep cash on hand while focusing on what’s important: growing your business. Discover how factoring can help you today.
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves