October 20, 2017 4:45 PM, EDT

Bibby Transportation Finance Turns to AI to Improve Freight Factoring Service to Truckers

Bibby Transporation Financial BibbyFinancial via YouTube

Bibby Transportation Finance is turning to automation and artificial intelligence to speed up the process to pay truck drivers and fleets who factor their invoices to get cash up front.

The freight factor announced that it teamed with HubTran, a back-office automated solutions provider, to offer the new client web portal.

Bibby believes the partnership will accelerate the process, and improve accuracy and customer service to process invoices submitted by truck drivers.

“This new client portal will only further our success in supporting the clients who rely on us to keep their cash flowing with a simplified factoring process so they can run more truckloads,” said Ann Hudson, executive vice president and head of Bibby Transportation Finance. “The client portal for our FreightCheck clients was one of our top strategic initiatives for 2017. HubTran has made implementation seamless and easy; best of all, we experienced no delays in our operations.”

HubTran also plans to release verification and invoice/payment status modules to further help BTF manage risk and improve cash flow to customers.

“HubTran isn’t just a tech company; we work closely with our customers to understand their operations and business challenges at the detail level. Bibby is one of the most respected teams in the industry and we’re delighted to be working with them to bring our AI platform to their fast-growing operations,” HubTran CEO Matt Bernstein said.