ITS releases integrated lending platform with BAM Worldwide

ITS Canada, provider of ITS Dispatch, has announced a new set of features “to help its clients accelerate freight transactions and cash flow,” the company said.

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

“This integrated funding process is designed to shorten critical ‘days-to-pay’ with carriers and streamline back-office accounting functions,” the company said. “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, according to the company. The initial setup is complete within 24 hours. Once approved, clients can instantly request and receive funds for individual freight transactions directly from 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,” said 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, ITS said. “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,” according to the company.

“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,” said Todd Ehrlich, president and CEO of BAM Worldwide.

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