The One-Stop Shop for Increased Efficiency
FREIGHTCO GREW 200% USING BAMwire
- FreightCo has an immediate access to a line of credit and BAM’s a fully customizable web-based cash management platform, BAMwire.
- BAMwire provides FreightCo the management tools, visibility and instant funds needed to optimize revenue, load count, gross margin and net income.
- FreightCo has also gained efficiencies across the board. BAMwire has helped streamline back-office resources, saving FreightCo almost $90,000 per year indirect labor costs.
The Bottom Line:
“We are paying a lot of carriers in 15 days or less. That is something we didn’t have the opportunity to do before.”
Brad McDonald, CEO of FreightCo
- BAMwire drives benefits to FreightCo’s bottom line by enabling increased revenue and decreased overhead. FreightCo’s labor efficiency (revenue per employee) has improved by 260 percent.
- FreightCo plans to continue using BAMwire to continuing improving its “days to pay,” now less than 24 days on average. McDonald says it has also freed up capital and enabled growth.
BAMwire integrates with most of the TMS platforms on the market. You’ve made the decision to be more efficient with the use of a TMS, don’t stop there. Add a payment processing engine to optimize efficiency.