TriumphPay, a leading provider of carrier and vendor payment solutions to the supply chain industry, now has more than 100 brokerages using its payment processing solution.
“First and foremost, we are grateful to the 3PL companies that have placed their trust in TriumphPay to manage their carrier payment process,” said Jordan Graft, EVP of TriumphPay. “We never take for granted that we are working on behalf of and as an extension of our clients when we pay their carriers. That’s our fundamental goal — to serve the thousands of owner-operators who use TriumphPay.”
Graft attributes the growth of TriumphPay to the fact that it provides efficiencies for both brokers and carriers. Brokers can completely outsource their entire payment process, including NOA management and handling verification and collection calls from factoring companies.
Carriers are empowered to use TriumphPay to manage their own payment terms and methods on a per-load basis. From the portal, owner-operators can self-select QuickPays on all or individual loads and choose from industry-standard methods — ACH, wire, check and EFS money code.
“We provide a tremendous and competitive value-add for brokers looking to attract and retain carriers,” said Graft. “Carriers receive real-time updates when their loads have been approved without having to call brokers and check payment status. After nearly 15 years or working directly with carriers, we know how vital cash flow can be. TriumphPay is designed to be responsive to a carrier’s individual cash flow situation without changing the broker’s terms or payment date.”
Since launching at the TIA Capital Ideas Conference in Las Vegas in 2017, TriumphPay has received industry accolades for its innovation and service to 3PL companies. Earlier this year, TriumphPay earned “Best in Show” honors for its demo at Transparency18, one of the largest gathering of key decision makers in the logistics community. In October, TriumphPay was named to the inaugural Freight.Tech 100, a list that “recognizes the most innovative and disruptive companies in freight,” according to the FreightWaves Research Institute.