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Triumph Business Capital to Provide Instant Cash Funding to Trucking Companies

June 22, 2016, 07:36 AM
Filed Under: Industry News

InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third party logistics providers and freight shippers. As a limited introductory offer, the two companies will be offering a full Premium subscription to AscendTMS™, at no charge for up to one full year, to any trucking company or freight broker utilizing Triumph invoice factoring services.

Triumph Business Capital is a leading provider of factoring and payment processing services to the transportation market. Since 2004, Triumph has provided working capital solutions to over 5,000 trucking companies.

Steve Hausman, president and CEO of Triumph Business Capital, believes the partnership reflects the right technology, at the right time, for the trucking market:  “Online FinTech lenders have raised service level expectations, even in trucking. The objective is to provide our customer base with unrivaled speed and quality of user experience but at a lower cost and higher cash availability.  In combination with DAT load matching, discount fuel cards and ready access to other Triumph Bancorp services, we’re introducing a value proposition the trucking community desperately deserves.”

Tim Higham, president and CEO of InMotion Global, Inc. said, “This partnership is a true industry first. Any AscendTMS user can now access our full offering of funding and financial services, in real-time, without leaving their TMS system. When a load is completed, the user simply clicks ‘Get Paid,’ and we do the rest. Users can choose where the money is sent, such as their bank, a fuel card, or express check. They see immediate funding statuses of each load within AscendTMS™ and real-time disbursement details when we wire the funds.”

Higham continued, “AscendTMS users now get enterprise level TMS software and a full suite of integrated financial services in one seamless transportation management system. There is now no need to leave AscendTMS™ to get funding. Moreover, the fact that we’re able to provide existing and new Triumph clients world-class TMS software for free is another industry first. This is a game changer.”

In addition to the new funding and financial services features, AscendTMS also provides fully customizable load management screens, free GPS load tracking built into the TMS, load posting to 52 load boards such as DAT Solutions, Getloaded, Truckstop, 123Loadboard, and Post Everywhere, document management, free driver texting, fleet and asset management, brokerage management, easy accounting, full reporting, user role management, branch and agent management and much more. 

Triumph Business Capital provides invoice factoring solutions to transportation, staffing, oil and gas, government contractors and other business services. The company is an operating subsidiary of Triumph Bancorp, Inc., a financial holding company with diversified lines of community banking, commercial finance and asset management activities, providing equipment financing, asset-based lending and commercial insurance services through Triumph Commercial Finance and Triumph Insurance Group, respectively.

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