What is Denim?
Denim is a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. Denim delivers fast access to the working capital you need, when you need it. With Denim’s proven, flexible factoring solutions, you can easily manage your financing options, monetize your working capital, and automate your back-office operations to build a resilient business. Denim is a true partner, acting as an extension of your team, saving you time and money while providing the opportunity to focus on retaining and attracting new customers.
Key Capabilities of Denim
Factoring
Denim purchases invoices from brokers and fleets, and advances their majority of the value within 1-2 business days, or within minutes with Express Factoring.
Payments
Clients can create payment settings for carriers and contractors choosing to Quickpay, or delay the payment for a reduced factoring rate.
Collections
Generates co-branded invoices to client’s shippers and follow up on collections. AR team professionally follows up on outstanding receivables and works in tandem with clients to resolve any disputes.
Denim Portal
Makes reporting easy for brokers to stay on top of cash flow by providing a high-level view of payment status.
Back-Office Operations
Free credit checks for all shippers, document collection inbox to organize contractor invoices and documents, audit to verify job details are correct.
Benefits for Aljex Users
Full control of your financial strategy: Only pay for the capital you’re using at any given time — this is as close as you can get to a line of credit without going to a bank.
Collaborative approach to credit management: Greater flexibility on credit lines without imposing stringent restrictions commonly associated with non-recourse factors.
Time-Saving: Mutual customers can send job details from their TMS directly to Denim, customers can reduce time spent on AR / AP processing by 50%.
Unified Freight Tech Solutions
The Denim-Aljex integration is a combination of two unique and leading solutions designed to enhance security for TMS users. This connection enables enhanced verification and selection of carriers, ensuring users can swiftly and securely match each load with the right carrier, streamlining compliance processes and reinforcing their transportation network.
Why Integrate with Denim
Stronger customer relationships
Build stronger customer relationships by providing complete visibility throughout the collections process. With open communication and collaboration, Denim acts as an extension of their team, ensuring clients and shippers are informed at every stage. The result? Greater confidence, trust, and streamlined efficiency.
Accelerated growth
Instead of waiting 30-60 days for payment, factoring with Denim provides reliable, steady cash flow to reinvest in their business and grow. Additionally, advanced workflow automation streamlines processes, boosting efficiency and enabling clients to grow faster.
Data-driven decisions
Track margins to identify profitable trends, maximize cash flow by analyzing customer payment speeds, negotiate better rates with carrier data, and understand the overall financial health of operations.