If your trucking company is struggling with cash flow, keeping your costs under control is crucial. So is finding creative ways to generate cash flow to reduce your costs. Accutrac Capital's unique bulk buy program offers Carriers the ability to leverage the purchasing power of many Trucking companies to help reduce cost on fuel (discounted fuel cards) and to get the absolute best currency exchange rates.
Solutions that help you reduce your expenses
Below are two products offered by factoring companies that can help you manage costs and actually help you pay for them.
Trucking Load Advance: Delivering loads is your trucking company's bread and butter. But you can't invoice a customer until you deliver your load. And, typically you won't get paid until 30, 60, sometimes 90 days after your customer receives their invoice. In the meantime, operating costs like fuel, maintenance, payroll and rent have to be paid. A trucking load advance provides you with up to 50% of your load's contract value upfront to cover the costs of delivering your load, before you deliver it.
Fuel Cards: Fuel cards are a great way to reduce your costs by taking advantage of fuel and related discounts. It's also a proven fact that you control expenses better when you track and analyze them. In addition to providing a secure and simple way for drivers to pay for fuel, repairs, scales, hotel rooms, receive cash and other necessities, fuel cards provide detailed information about spending activities and driver progress. Some of the benefits include:
- secure online access 24 hours a day, 7 days a week
- extensive security controls
- the ability to control where your drivers stop
- the ability to set product, volume and dollar limits
- reports that analyze purchase patterns
- easily calculate fuel taxes using transactional data
Currency Exchange Services
When you operate a cross-boarder trucking company or international logistics carrier, properly managing currency exchange can have a significant impact on your bottom line. Currency exchange services involve using transportation industry experts to monitor trends, set exchange rates and execute transactions on your behalf saving you money, time and hassle.