A Comprehensive Technology Solution
The Load Connex TMS platform is available for factors using the Load Connex fuel program for carriers. Load Connex does not charge fees for using the TMS platform or participating in the fuel rebate program. Instead, it keeps a small commission per gallon on carriers’ fuel purchases, covering the costs and creating a win-win scenario for all parties. Freight factors can keep a configurable amount of fuel rebates to generate additional revenue. Meanwhile, customers of factors can access instant discounts typically reserved for large fleets.Key Technological Advantages
Factors can present the white-label Load Connex TMS to customers as a proprietary solution. At the same time, fleet customers can integrate the platform into their operations and customize it with their branding. When carriers use the TMS, factoring companies gain more visibility into their operations to validate and secure financial transactions. The platform integrates with carrier ELDs using real-time, secure APIs. Carriers share their API key (an alpha-numeric code) to get the data flowing with Load Connex. By gaining visibility of customers’ equipment, factors can eliminate funding risks for fuel advances and invoices by proactively tracking and validating movements from pickup to delivery. As importantly, carriers gain a powerful solution for managing their entire order-to-cash lifecycle on loads. The platform’s advanced, easy-to-use features streamline back-office functions with:- Fuel card controls: Fleets can set gallon and dollar limits, generate virtual cards, and use fuel price mapping in the TMS to plan cost-saving purchases along their routes. Real-time transaction notifications and fraud prevention mechanisms help carriers reduce fuel costs and improve financial controls.
- Dispatch and Tracking: The Load Connex TMS shows real-time vehicle locations, delivery statuses, and predictive ETAs. Fleets can receive text alerts for detention events and when delivery times are at risk. They gain operational visibility to make proactive decisions that save time, reduce expenses, and boost customer service. An optional Load Connex mobile application for drivers allows carriers to track vehicles with or without electronic logging devices.
- Document Management: Load Connex digitizes proof-of-delivery and other processes. Drivers can upload document images instantly via smartphone. The system creates a secure, centralized repository of photos and provides automatic notifications to accelerate invoicing.
- Accounting Integration: The TMS seamlessly integrates with QuickBooks, automatically transferring data and reducing manual entry. Carriers gain access to sophisticated financial analytics typically unavailable to small trucking businesses.
- Fraud Prevention: The platform ensures load legitimacy through real-time load tracking, ELD integrations, and comprehensive load data collection. TMS will incorporate AI-powered document analysis in the future versions, which will flag suspicious loads submitted for funding. This system will alert the factor if the submitting carrier did not actually haul the load, providing an additional layer of fraud prevention and protection.