TRU Funding
Automate invoice submissions, sync statuses for real-time reconciliation, and streamline cash flow management with Vektor’s TruFunding integration for carriers.
TruFunding Factoring Integration: Automate Submissions and Reconciliation for Trucking Carriers
Factoring is a crucial financial tool for trucking carriers, providing immediate cash flow to keep operations running smoothly. Vektor’s integration with TruFunding, a trusted factoring company, takes the hassle out of managing factoring submissions and reconciliation. With a direct API integration, this solution automates the entire process, from generating invoices to syncing payment statuses, ensuring carriers can focus on their business while maintaining accurate financial records.
How TruFunding Integration Works
Vektor’s TruFunding integration is designed to simplify and streamline the factoring process, offering a hands-free experience for carriers. Here’s how it works:
- Automated Invoice Generation: The system automatically generates invoices with all required documentation, including Rate Confirmations and Bills of Lading (BOLs), ensuring compliance with TruFunding’s requirements.
- Direct API Submission: Once the invoice batch is created, it is submitted directly to TruFunding through the API, eliminating the need for manual uploads or additional steps.
- Real-Time Reconciliation: After submission, the integration syncs invoice statuses, allowing carriers to track which invoices have been funded and paid. This ensures seamless reconciliation and reduces the risk of recourse.
Benefits of TruFunding Integration
Vektor’s TruFunding integration offers significant advantages for carriers, including:
- Hands-Free Submissions: Automate the entire submission process, from generating invoices to sending them directly to TruFunding.
- Error-Free Documentation: Ensure all required attachments, such as Rate Confirmations and BOLs, are included with every invoice.
- Seamless Reconciliation: Real-time syncing of invoice statuses allows carriers to track funded and paid invoices effortlessly.
- Time Savings: Reduce the time spent on manual uploads and reconciliation, freeing up resources for other critical tasks.
- Improved Cash Flow Management: With accurate and up-to-date financial records, carriers can better manage their cash flow and avoid recourse issues.
Why Choose Vektor for TruFunding Factoring Integration?
Vektor’s integration with TruFunding is tailored to the unique needs of trucking carriers, offering a seamless and efficient way to manage factoring submissions and reconciliation. Here’s why it stands out:
- Direct API Integration: The API connection ensures fast, secure, and reliable submissions without manual intervention.
- Real-Time Status Updates: Syncing invoice statuses in real time provides carriers with complete financial clarity.
- Optimized for Accuracy: Automating the generation and submission of invoices reduces errors and ensures compliance with TruFunding’s requirements.
- Scalable for Growth: Whether you’re managing a small fleet or a large operation, the integration is designed to handle high volumes of invoices with ease.
Getting Started
To start using the TruFunding integration, follow these simple steps:
- Generate invoice batches in Vektor with all required attachments, including Rate Confirmations and BOLs.
- Submit the batch directly to TruFunding through the API.
- Let the integration handle the rest—syncing statuses for real-time reconciliation and ensuring accurate financial records.
With Vektor’s TruFunding integration, carriers can save time, reduce errors, and streamline their factoring process, all while maintaining complete control over their financial operations.
