BROKER BENEFITS
Creation of credibility with shippers and carriers
Potential increase in carrier credit lines due to improved invoice turnover through the accelerated payment schedule
Ability to attract a higher quality carrier base through faster and assured payments
Savings due to passing the cost of financing on to some carriers through early payment discount programs
Ease in obtaining surety bonds due to reduced risk for underwriters on unpaid freight claims
CARRIER BENEFITS
Greater certainty of receiving payment, which reduces credit risk with brokers
Improved cash flow with faster turnaround of receivables
Potential of increasing the broker's credit line
SHIPPER BENEFITS
Greater certainty of carrier payment which reduces the potential of double payment liability
Broker's ability to attract higher quality carriers