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Invoice Factoring
OLxHub is your strategic business growth partner, giving you access to the most innovative factoring solutions for your brokerage, transportation business and enterprise. Our factoring solutions provides you with immediate access to working capital so you can optimize cash flow and streamline invoicing.
Why choose OLxHub Factoring?
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Transparent Pricing
No surprises here. Get some of the best factoring rates in the industry and clearly outlined fees.
Same-Day Funding
No more waiting 30, 60, or even 90 days for customer payments. Get paid in hours, not days. Turn your invoices into instant working capital.
Financial Flexibility
Customizable invoice factoring solutions to fit your business goals.
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Manage your factoring account anywhere, anytime.
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OLxHub Platform is secure, intuitive and personalized to give you control over virtually every aspect of your business.
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Quickly and easily upload invoices
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Submit credit requests
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Search existing invoices, payments, transactions, and debtors
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View the latest account information at a glance on the Dashboard
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Add debtors, request credit and disbursements, and much more.
No debt incurred
Unlike loans, factoring does not involve taking on debt. It’s financing based on outstanding invoices, making it a suitable option for companies looking to avoid additional financial liabilities.
Stop Chasing Invoices
We handle billing & collecting from your customers while you handle your business.
No Monthly Minimums
No monthly minimums, or volume minimums.
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What can you do with OLxPay Funding?
We understand that waiting for customers to pay can put a strain on your business, so we offer a solution that allows you to get cash flow control and the money you need upfront to:
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Cover operating expenses
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Take on more business
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Meet payroll obligations
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Hire more employees
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Purchase inventory
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Do I remain the broker of record?Yes, brokers using the OLxHub Platform remain the broker of record for all of their loads. As the broker of record, you maintain the direct relationship with shipper and carrier, and are responsible for all aspects of the customer relationship and shipment fulfillment
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How does it work?Through TMS integrations, broker’s loads are posted to the OLxHub Platform at no charge. The broker sets the max rate for their loads and the platform may suggect rate based on real-time market rate data. Transporters view the loads in the OLxHub app and accept rate & loads. After winning a bid, the transporter confirms the load and signs a transporter-broker agreement with the broker if they are new to the brokerage. The broker manages the active shipment. The OLxHub platform provides GPS tracking and load updates. The broker approves transporter payouts. Transporter is paid 50% of rate after loading Upon completing the shipment, the transporter uploads docs in the app. Transporters are paid balance within same-day or two-day via the OLxHub platform. The broker pays the OLxHub Platform within 30 days
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How does the platform increase the productivity of a broker?Through machine learning and AI, the OLxHub Platform efficiently matches loads with reliable, ready-to-haul carriers, reducing manual work on every shipment. Automation covers negotiation, selection, and transporter onboarding, as well as shipment tracking, status updates, document management, and transporter payouts.
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Can OLxHub integrate with my current systems?Yes! OLxHub integrates with multiple Transportation Management Systems (TMS) and other tools, allowing you to streamline job data entry, reduce errors, and save time. Your freight tech perfectly in sync.