Axle Launches New Carrier Payments Servies

With advanced automation and workflow applications, Axle Wallet allows brokers as well as shippers to grow their financial supervision and maximize cash flow. 

Fremont, CA: Payments services are continuously evolving in order to meet the requirement of the customers. The COVID-19 outbreak has impacted customer behaviour and preferences. Payments services must be convenient, secure and easy to use for organizations. However, modern payments methods open up new avenues for minimizing expenditures and improving employee satisfaction. Managing a supply chain allows tracking and assuring the availability of raw materials and completed goods as well as maintaining a smooth movement of funds. 

"Axle Wallet has helped us transform our payment operations, allowing us to be more efficient while also improving carrier satisfaction", said Rajvir Kumar of Tera, Inc. "With Axle's software, we no longer worry about carrier payments and we can focus on growing the business."

Axle, a freight and logistics payments automation and finance platform, has launched Axle Wallet, a new carrier payments service. With Axle Wallet, freight brokerage firms and importers may pay their carriers using their funds while still gaining from Axle's powerful payments network. In addition, customers using Axle Wallet may effortlessly plan and distribute cash to carriers, as well as use the same array of automation services available through Axle's core platform, such as access to different TMS and accounting connectors.

"Freight brokers and shippers are riding the wave of digital transformation, streamlining workflows and increasing efficiencies," said Shawn Vo, co-founder and CTO of Axle. "Our financial platform enables brokers and shippers to automate their most time-consuming tasks so they can focus on growing their business and moving shipments."

Brokers and shippers may use Axle Wallet to transfer funds to a single account and distribute payments to the appropriate carrier at the proper time. In addition, the Axle Network secures factor connections and payment data, and carriers have a single login to manage all transactions. As a result, clients may avoid laborious data entry to start these payments and put carrier payments on automation for fast-growing brokerages and shippers when paired with Axle's flagship connections.