Invoice Factoring Services
Invoice Factoring Services
Take command of your finances with invoice factoring services from Outgo, a DAT product.
Are you looking for the best invoice factoring services to improve your cash flow management and avoid new debts? Seize the opportunity with invoice factoring through Outgo, a DAT product. Outgo ensures quick payments while handling billing and collections, providing you with peace of mind regarding cash flow. With Outgo’s invoice factoring services, you can get paid fast, pass off your back-office billing and collection to a reliable partner, and discover trucking factoring services you can count on.
- Access fast, flexible payouts without the wait.
- Explore dependable invoice factoring services you can rely on.
- Let Outgo efficiently manage your back-office billing and collection.
Access fast, flexible payouts without the wait.
Avoid waiting up to 90 days for invoice fulfillment. Expedite your payments by factoring with Outgo, a DAT product.
Running a small trucking business poses the challenge of waiting for invoice fulfillment, especially when customers take 30, 60, or even 90 days to pay for completed work. Managing cash flow becomes a real challenge. That’s where invoice factoring services come in. Get paid within hours of approved invoices with Outgo, a DAT product. Its factoring rates come with no hidden fees or long-term commitments, ensuring certainty in your cash flow management when balancing your books.
Explore dependable invoice factoring services you can rely on.
Outgo recently joined DAT, combining fast, transparent payments with the industry’s largest and most trusted freight marketplace.
Choosing the right invoice factoring services can be tricky, given all the hidden fees and misleading non-recourse claims. Outgo, a DAT product, stands out as a trustworthy solution. With Outgo, there are no hidden fees, and it provides non-recourse invoice factoring and doesn’t hold money back with reserves in the market. When you choose Outgo’s invoice factoring option, transparency is paramount, and you always know what you’re getting upfront.
Let Outgo efficiently manage your back-office billing and collection.
Take the hassle out of billing and collecting on your invoices with invoice factoring services.
Avoid the hassle of worrying about delayed payments and get reliable invoice factoring services from Outgo, a DAT product. Get a business snapshot of every broker so you can pick the best ones to work with. Plus, with Outgo, even if a broker isn’t eligible for factoring, they’ll still invoice on your behalf so all your invoices are on one easy-to-use platform. This allows you to concentrate on growing your trucking business with the money you’ve already earned in hand.
Trucking factoring services and freight factoring services buy invoices from trucking companies and brokers and pay out those invoices to you less a small percentage fee charged to the amount being funded. The invoice factoring services then take on the responsibility of getting payment on that invoice from your customers. You no longer have anything to do with the invoice and can focus on finding your next load.
Normally, brokers pay on a standard 30-day term once the invoice is received but can sometimes take anywhere from 30-90 days for customers to fulfill unpaid invoices. With invoice factoring services, you can get paid within 4 hours for approved invoices while your factoring company invoices the broker and waits the 30-90 days to get paid.
There are two types of factoring services: recourse factoring services and non-recourse factoring services.
While all invoice factoring services work by purchasing invoices and paying you the full amount minus a fee, there’s a key difference between the two forms when it comes to which party is responsible for taking on risk in case a customer doesn’t pay. With recourse factoring, while you will get paid all or part of your invoice right away, you will be responsible for reimbursing your freight factoring services company if the customer doesn’t pay the invoice. Because you are taking on the risk instead of the factoring company, recourse factoring companies often charge lower factoring fees than non-recourse options. This program is often preferred by larger carriers who are willing to take on the risk in exchange for more flexibility when it comes to their customer being credit-approved by the factor.
Non-recourse factoring services offer carriers protection if invoices they factor are not paid by the broker because of bankruptcy or going out of business. When compared to recourse factoring, the additional risk taken on by the factor typically results in a slightly higher fee but is usually preferred by new and small carriers. With non-recourse factoring, the factoring services companies purchase your invoice just like with recourse factoring, but they won’t make you pay the money back if your customer fails to pay because of bankruptcy or going out of business. In these cases, you will still get to keep the money you received for the invoice. You are not responsible for a customer not paying.
Outgo, a DAT product, offers non-recourse invoice factoring services, and with no hidden fees.
Outgo provides customers industry-leading funding speeds and transparent pricing. They ensure your invoices get paid fast with no hidden factoring fees, while making it easy to review each broker for factorability, history with you, risk score, and payment timeliness. This ensures you’re working with trusted partners from the start. Whether you’re looking for freight broker factoring or transportation factoring, Outgo will be a great fit — especially for DAT customers who can see their factoring options right from the load board they’re already using.
Outgo’s factoring program delivers unmatched value through its factoring service, technological solutions, and customer support. Factoring rates can vary based on fleet size and other factors, but regardless of size, Outgo is able to offer some of the most competitive rates in the industry because their smart technology and advanced financial platform make them more efficient than traditional factoring companies still weighed down by antiquated technology and inefficient processes. There are no hidden fees or upcharges so the price you’ll see is the price you’ll pay. And with non-recourse factoring, you can be confident you won’t be on the hook if a customer goes bankrupt or out of business.
Let someone from Outgo’s expert team walk you through your options to get the best Outgo factoring rate!
To get started, all you’ll need to do is sign up by filling out a quick online application where you tell Outgo a little about yourself and your business, share a few documents like your COI, and then get approval. Be sure to have your MC or DOT number handy, too. It only takes a few hours to get set up with an account and then you can immediately begin submitting invoices.
If you use the DAT One Load Board, you’ll be able to see all the loads from brokers pre-approved for Outgo factoring before you even begin negotiations. It’s that simple.
Get help taking control of your finances with Outgo, a DAT product.
Empower yourself to take control of your finances with some help from Outgo. Get invoice factoring services that ensure swifter access to your money with the help of the most trusted and innovative names in the trucking and freight industry, Outgo joined forces with DAT to provide fast and reliable invoice factoring services on the industry’s largest marketplace. Take the next step in financial control – get started today with Outgo, a DAT product!
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves