Blog

Announcing the Outgo Affiliate Partnership Program, a great way for associations, brokers and dispatchers to earn income and help carriers in their network get industry-leading freight factoring. Choose from two referral bonus options—a one-time flat fee of $500 per truck (up to $2,500 per carrier) or an ongoing 10% commission on factoring earnings for the life of the account.

Getting out of a contract with a factoring company doesn't have to be hard and your new factor can help with your buyout. Changing factoring companies can save you time and money. The best factoring companies offer lower rates and fees, better customer support, faster invoice funding and payments, and a user friendly platform. An Outgo Buyout Specialist can help if you want to switch factoring companies.

Today, Outgo announced it has achieved a new milestone, becoming the industry leader in funding speeds for carriers in the freight payment industry. The company is now able to commit to four-hour funding speeds for carriers, but it also over-delivers by approving 50% of invoices within 90 minutes, and 25% within 15 minutes. On top of that, funding is available to carriers 24/7, with no delays for banking holidays or transfer cutoffs.

Get into the drivers seat when it comes to managing your cash flow. Smart Factoring allows you to factor on-demand. What’s the benefit of on-demand factoring? Simply put, you save (a lot!) on fees. This article explains how Smart Factoring works and translates it into the dollars you can save on each invoice.

The key to unlocking instant funds is combining banking and factoring. Learn how the slow pace of legacy factoring and broker Quickpay prevents you from accessing your funds fast. And learn how Outgo's seamless process gets you access to your money the moment an invoice is approved. Say goodbye to waiting days for funds – see impact of merging banking and factoring to improve your cash flow.

Freight factoring has gotten a bad reputation for taking advantage of carriers. Factoring itself is pretty simple, it's similar to any short term loan or cash advance. However, the risks of factoring often come with the terms and claims of the factoring company, where they trap carriers into unfavorable terms. Learn what tricks to watch out for and how you can avoid them.

Outgo is partnering with state associations from Utah and South Dakota to bring modern factoring and factoring education to their carrier members. When given low-rates, flexibility, and fast funds, carriers can improve their cash flow and unlock growth for their businesses.

Today, we're thrilled to announce the launch of our newest feature: Instant Transfers. This powerful addition is designed to provide our customers with unparalleled speed, convenience, and control over their funds.

Why is it so hard to figure out how much you're actually paying for factoring? Each freight factoring company charges rates and fees differently. Learn how to calculate your true cost of factoring and compare your options.

Your factoring rate might not be the only cost to factor. Discover the basics of factoring rates, common fees, and how hidden costs in recourse agreements can impact you. Gain clarity about what you might find in a factoring contract, so you can access the true cost of your factoring.

Today, we are launching Outgo, a revolutionary smart banking solution for trucking carriers. Outgo is a first-of-its-kind software suite that combines invoice management with a connected debit card that enables a vastly superior real-time cashflow product for trucking carriers, saving them time and money.