Bridging the industry needs and innovative fintech solutions, to offer carriers across Europe access to financing with a single click
BRUSSELS–(BUSINESS WIRE)–Long payment terms was already one of the most common issues faced in the transportation industry. In Poland specifically, the average time for carriers to receive their money after issuing an invoice, ranges from 45 to 60 days. However, with the unprecedented rising costs of fuel and transport operations, many carriers simply cannot afford to wait that long to receive payment for their delivered transport services. It becomes a threat for the business continuity and a rise in bankruptcies has been witnessed within the carrier community.
FastPayment is a solution designed to overcome long payment terms. It is a safe solution and the entire process to request short-term financing for specific invoices is 100% online and without complex formalities, ensuring pay out in a matter of hours.
The roll out of FastPayment in Poland is an extension of the service that was already operating successfully in Spain and Benelux. As a true pan-European freight exchange it is crucial to offer an ecosystem of financial services able to cater across Europe. Therefore, Alpega has invested heavily in its own operations as well as in partnerships with multiple different financial service providers. That way it can offer a solid European coverage, while at the same time offering a seamless experience to all its European customers.
“Listening to our customers, many SME’s are not familiar with non-banking financial solutions like factoring, or believe their company cannot apply for a service like this”, says Fabrice Douteaud, GM of Teleroute. “By offering FastPayment through Teleroute, we are removing this barrier and directly help their business. We sat down with our customers, listened to their concerns, and carefully crafted a solution which is easily accessible.”
FastPayment is part of a broader ecosystem of financial services for carriers offered by the Alpega freight exchanges, including an insurance service Payment Guarantee and an amicable Debt Mediation Service for transport providers. These two services mitigate the risk of non-payment by the debtor and can be requested fully online through the freight exchanges.
As a leading European freight and vehicle exchange for domestic and international routes Teleroute offers daily more than 350.000 opportunities for carriers to fill their trucks, create more business and reduce empty backhauls. The latter is in line with Alpega’s ambition towards a green mobility: Today, across Europe 40% of trucks on the road run empty, accounting for 20% of motorway congestion and dumping 120 million tons of CO2 into the environment annually. It would take 4.3 billion trees a year to offset this amount of emissions.
Alpega Group is a leading global logistics software company offering modular solutions that cover all transportation and logistics complexity needs. By bringing together the best solutions and market expertise, the Alpega Group has created the transportation industry’s only scalable end-to-end software suite.
Alpega TMS empowers transport professionals to manage the logistics and supply chain processes, it transforms global and local supply chains into collaborative ecosystems, bringing together all parties involved. Alpega TMS’s unique scalability and best-in-breed standalone solutions ensure shippers benefit from a system that evolves alongside their needs, regardless of the complexity of their logistics processes. Our freight procurement solution, TenderEasy, provides a world-class solution for sourcing transportation providers across air, land and sea. In terms of freight exchanges, 123cargo, Teleroute and Wtransnet are leading European marketplaces designed to match spot shipments and truck capacity.
These platforms and the data which flows through them, alongside our 30+ years’ experience in transportation lets us enable businesses to optimize their supply chain planning and execution while benefitting from lower costs and higher visibility. All of Alpega’s solutions combine to create added value for customers. Our community of 85,000 carriers and 350,000 members are electronically connected every day to successfully manage critical transport processes. Alpega is present in 80 countries worldwide and employs over 500 people with 31 different nationalities.
More information: www.alpegagroup.com
Communications & Events Manager, Alpega Group
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