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Triumph Business Capital Launches Cash4Truckers Mobile App

  (December 16, 2017)
Triumph Business Capital Launches Cash4Truckers Mobile App

Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small and medium sized businesses, announced today the official launch of its Cash4Truckers mobile app. The free app is available today for immediate download for iOS and Android devices.

“We built our business and reputation on getting our clients paid as fast as possible," said Steven Hausman, president & CEO of Triumph Business Capital. “The Cash4Truckers app continues that promise by giving carriers the opportunity to carry out and track the invoice submission and payment process from start to finish -- right from their trucks.

“This is not just a simple paper-moving app; Cash4Truckers uses the latest in imaging recognition software to ensure carriers get paid fast, without the previously inherent delays caused by poor image recognition."

The Cash4Truckers app uses adaptive technology to instantly recognize transportation load documents needed to process invoices. Carriers can load documents and images right from their phone or take a photo from the app, removing the need for third party apps and scanners or email attachments.

“The Cash4Truckers app allows carriers to run their payment process straight through their phone," said Ray Workman, VP, Product Development of Triumph Business Capital. “We recognize the amount of time carriers lose when submitting load documents for funding, many times having to resubmit paperwork because of poor image quality and recognition. Cash4Truckers aims to cut that time down and get carriers paid faster than ever."

In addition to submitting load documents, the Cash4Truckers app allows carriers to request a fuel advance and run credit checks on brokers before accepting a load.

“We really wanted this to be an all-in-one tool that helps our clients make informed decisions for their businesses," said Workman.

The strength of the app, according to Workman, is rooted in its ease of use. Carriers simply login to the app, select their payment preference, upload documents and submit to Triumph.

The home screen allows carriers to know the status of their payments in real time, providing transparency throughout the payment process.

The launch is the second of the year for Triumph Business Capital, which earlier this year debuted its carrier payment processing app, TriumphPay, at the Transportation Intermediaries Association conference in Las Vegas.

Triumph Business Capital is an operating subsidiary of TBK Bank, SSB (Member FDIC) which offers invoice factoring and payment processing solutions to transportation and other service industries. Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company with a diversified line of community banking and commercial activities.

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