- Quick Pay: Through integrations, Velocity+ helps brokers build carrier loyalty by allowing carriers to optimize their cash flow with flexible payment terms through a better carrier payment experience.
- Payment Processing: Velocity+ eliminates back-office work and optimizes cash flow. It supports Quick Pay, so brokers can pay carriers faster than the normal pay cycle for a discount.
- Load Tender: Velocity+ sends shipment details to the carrier and driver automatically, so information about the load reaches the driver on a mobile device without requiring a phone call.
- Auto Invoice: Automated invoice workflows make it easy to generate and distribute invoices quickly and with the right supporting documents. Velocity+ can also automate the validation of receipts for lumper services, accessorial fees, and other chargeable expenses.
- Data Extraction: Velocity+ uses OCR to verify different types of trip documents, extract the data, and reconcile shipment details with shipment documentation. Transflo has OCR experience that is backed by processing 500 million documents annually and a team of document processors that can handle OCR exceptions.
- Load Visibility: Velocity+ enables real-time load tracking and allows the broker/3PL to provide status updates and push driver confirmations on pick-up and delivery straight to the customer.
- Document Capture: Brokers/3PLs can receive, digitize, and electronically catalog carrier documents in their TMS using one consistent format. The result is speedier cash flow through decreased billing timeframes and DSO (days sales outstanding).