FREIGHTCO GREW 200% USING BAMwire
FreightCo has immediate access to a line of credit and BAMFi’s 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; ultimately increasing revenue and decreasing overhead. BAMwire has helped streamline back-office resources, saving FreightCo almost $90,000 per year indirect labor costs while increasing labor efficiency (revenue per employee) by 260 percent.
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.
Optimize efficiency and get back to running your business with
BAMwire as your TMS and payment processing engine.