LoadPay lets third party logistics providers (3PLs), brokers and shippers schedule automated payments to carriers while offering the option of PayMeNow, a quick payment solution for carriers who elect to receive funds more rapidly.
“MercuryGate strives to be an enabler of success for all parties within the supply chain. Carriers often struggle with cash flow issues due to the inefficiencies of the historic industry payment model. Brokers, 3PLs, and shippers need a turnkey and secure solution to pay carriers and reduce fraud risk. LoadPay solves these universal issues,” said Monica Wooden, MercuryGate co-founder and chief executive officer.
MercuryGate users will be able to schedule and automate payments from within the TMS to facilitate all invoices and accounts payables. Carriers will have real-time visibility to their cash flow through a mobile app.
“We are very excited to partner with MercuryGate as they are a market leader and a best-in-class solution provider within transportation management,” said Farid Zaffar, LoadPay General Manager. “LoadPay resolves numerous, long-standing, industry challenges.”
