Truckstop.com and McLeod Software have announced plans to integrate LoadPay, a secured payment platform that connects carriers, brokers, and shippers, with the McLeod Software system.
LoadPay will be integrated within McLeod Software to provide its customers a payment option that can save time and money. Using mobile applications, real-time visibility into carrier cash flow can also improve communications between transportation partners.
LoadPay is a product of Truckstop.com that helps carriers improve their cash flow and gain visibility into their upcoming payments. It provides a secure payment platform for all parties to protect against the threat of fraud. It allows brokers and shippers and third party logistics providers to schedule automated payments to carriers while offering a PayMeNow option that allows carriers to better control their cash flow.
LoadPay also eliminates the need to ask carriers for banking information, reducing the risk of information being stolen for shippers and logistics providers.
McLeod Software is a provider of transportation dispatch, accounting, operations, and brokerage management software and document management systems.
“LoadPay strives to wipe out payment inefficiencies while McLeod provides automation to do the same with inefficiencies in freight management,” said Farid Zaffar, LoadPay general manager. “McLeod, with its advanced management solutions and services, is the perfect fit for LoadPay as both are geared at reducing costs and fostering greater productivity.”