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Friday, March 24, 2023

Aljex Software partners with BAM Worldwide

Aljex Software announced partnership with BAM Worldwide to provide an integrated cash management solution to brokers, carriers and 3plโ€™s.

Aljex provides web-based transportation management software to the transportation industry. BAM provides cash management solutions to the transportation industry. Together, they said they have integrated to provide both solutions within a single, seamless interface.

With the integration, shipment information is automatically sent from Aljex to BAM, who then handles all invoicing, Accounts Receivable (A/R), and Accounts Payable (A/P).

โ€œIntegration makes our customers more efficient from a cash flow perspective, so that they can grow faster and with less risk,โ€ said Todd Ehrlich, CEO of BAM Worldwide. “We can process carrier payments as fast as our clients can enter them in Aljex. This removes several steps from the traditional A/R and A/P processes and makes everyone more efficient.โ€

The Aljex and BAM integration also provides the opportunity for a broker to finance individual shipments through BAM, instead of choosing to outsource the entire process. After a shipment is complete, a broker has the option to click a button in Aljex, which automatically signals BAM to handle payment.

Financing also allows brokers to offer carriers same-day payment. โ€œWith BAM, a broker can outsource their A/R and A/P for very low cost,โ€ said Aljex CEO, Tom Heine, who was formerly a freight broker. โ€œIn addition, for some brokers, cash-flow is a big issue, and this integration solves it. BAM can improve your days-to-pay, improve your credit rating, and alleviate cash management headaches.โ€