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ITS Dispatch software adds lending feature via BAM Worldwide

moneybillITS Canada, provider of ITS Dispatch, announced a new set of features to help its clients accelerate freight transactions and cash flow.

The new features are available through software integration with BAM Worldwide, a specialty provider of asset-based lending to the transportation industry. Brokerage clients in the United States using ITS Dispatch can now request and inject funds immediately to process freight transactions.

This integrated funding process is designed to shorten critical “days-to-pay”with carriers and streamline back-office accounting functions. ITS Dispatch clients stand to benefit immediately from the fast access to capital by improving their credit scores, increasing carrier capacity and boosting their margins, all of which sustain high-growth businesses.

To utilize the new features, BAM Worldwide has a fast-track approval and setup process for ITS Dispatch clients. The initial setup is complete within 24 hours. Once approved, clients can instantly request and receive funds for individual freight transactions directly from within ITS Dispatch.

“The integration with BAM Worldwide offers many advantages to ITS Dispatch customers. By using this new, powerful lending capability, small brokerage firms can compete against much larger companies in terms of speed, capacity and efficiency,” says Tal Rahaman, general manager of ITS Canada.

Brokerage clients can use the integrated features to accelerate cash flow by eliminating delays caused by paperwork and manual data entry. The ITS Dispatch and BAM Worldwide platforms use a simplified, electronic process to conduct rate confirmations, load tendering, financing, load tracking, filing of delivery documents, and more — all of which are accessible from a single screen.

“We are excited about working with ITS Dispatch clients and helping them grow by providing instant access to capital, automated payment processing and other vital financial services through an integrated platform,” says Todd Ehrlich, president and CEO of BAM Worldwide.

The companies say that freight transactions and funding decisions are made easy in ITS Dispatch through one-click sorting of loads based on pickup and delivery date, customer, carrier, and more. A built-in electronic file storage feature captures and preserves billing documents specific to each load, customer and carrier profile.

Clients also gain financial security by using the end-to-end funding process from BAM Worldwide that eliminates paper checks and other manual processes that create opportunities for employee theft.

ITS Dispatch clients that use the new integrated features have been pre-qualified to receive special financing terms from BAM Worldwide.

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Aaron Huff is the Senior Editor of Commercial Carrier Journal. Huff’s career in the transportation industry began at a family-owned trucking company and expanded to CCJ, where for the past 14 years he has specialized in covering business and technology for online and print readers and speaking at industry events. A recipient of numerous regional and national awards, Huff holds a Bachelor’s Degree from Brigham Young University and a Masters Degree from the University of Alabama.