NEW YORK, March 10, 2022 /PRNewswire/ -- Denim, a payments automation and financing platform for freight and logistics, announced Denim Wallet, a new carrier payments solution. With Denim Wallet, freight brokerages and shippers can use their own capital to pay their carriers while still benefiting from Denim's high-powered payments network. Denim Wallet customers can seamlessly schedule and disburse funds to carriers and access the same suite of automation features offered as a part of Denim's core platform, including access to its multiple TMS and accounting integrations.
"Freight brokers and shippers are riding the wave of digital transformation, streamlining workflows and increasing efficiencies," said Shawn Vo, co-founder and CTO of Denim. "Our financial platform enables brokers and shippers to automate their most time-consuming tasks so they can focus on growing their business and moving shipments."
With Denim Wallet, brokers and shippers can transfer funds to a singular account and disperse payments to the right carrier at the right time. By virtue of the Denim Network, factor relationships and payment details are securely managed and carriers have one login to track all their payments. When combined with Denim's flagship integrations, clients can eliminate manual data entries to initiate these payments and put carrier payments on autopilot for fast-growing brokerages and shippers.
"Denim Wallet has helped us transform our payment operations, allowing us to be more efficient while also improving carrier satisfaction", said Rajvir Kumarof Tera, Inc. "With Denim's software, we no longer worry about carrier payments and we can focus on growing the business."Today's announcement comes on the heels of Denim hiring Jamie Waldinger as Vice President of Revenue and Heather Beckstead as Head of People. For more information about Denim, visit Denim.com.
Denim is the all-in-one financial services platform that is rapidly disrupting the$250 billion freight intermediary market. Its proprietary technology allows freight brokers to simplify their financing operations and easily access the working capital they need to grow. Denim automates invoicing, collections, and payments - ultimately delivering a better customer experience. A remote-first company, Denim has been named a Best Place To Work by Built In.