Factoring solutions for small to mid sized fleets with Coolmore Truck Lines

THE PLAYERS:

Coolmore Truck Lines is a Memphis-based trucking company specializing in providing reliable, efficient transportation solutions. They offer an owner-operator program with competitive revenue splits, insurance coverage, and access to dedicated freight lanes, helping drivers maximize their earnings while maintaining flexibility.

Headquarters: Memphis, Tennessee
Number of drivers: 11

About TruckSmarter

TruckSmarter is the #1 app for truck drivers and owner-operators to build, manage, and grow their businesses. The company offers fleet owners flexible fast factoring at their most competitive rate, ability to add team members to their carrier team in app, issue team debit cards, and send cash instantly.  

THE CHALLENGE:

Coolmore Truck Lines was looking for a simple tool that would allow them to offload the back-end work of submitting invoices, while being able to view and better understand invoice volume by driver all in one platform. 

📌 Boost invoice submission efficiency 
📌 Optimize time
📌 Save $1000s annually

THE APPROACH

Coolmore Truck Lines partnered with TruckSmarter as their fleet factoring solution. We decided the most effective way to meet Coolmore Truck Lines’s goals was to:

• Onboard their fleet onto a single account 

• Optimize invoice submission for staff

• Integrate Quickbooks to track load payments

THE SOLUTION

Coolmore Truck Lines was able to save time and money by adding all of their drivers to their TruckSmarter Carrier Team for factoring, connected to the business account, and avoiding the need to hire a billing clerk. As members of Coolmore Truck Lines factoring account, each driver was able to submit an invoice without any involvement or interference needed from Coolmore Truck Lines. The simplicity of the platform also allows Coolmore Truck Lines to onboard new drivers onto their fleet and get them up and running right away.

Via TruckSmarter’s Factoring on web invoice management, Coolmore Truck Lines was able to oversee the process and status of each invoice by driver and sort by line haul, broker, and date submitted. And through our Quickbooks integration, Coolmore Truck Lines can track the load payments as a key input to their driver settlement process. 

THE RESULTS

Factoring with TruckSmarter streamlined Coolmore Truck Lines invoice submission and management process, resulting in:

✅ All 11 of their drivers added to Coolmore Truck Lines Carrier Team 
✅ 8-10 weekly hours saved (in total or a week) in off-loading invoice submission to the driver responsible for the load 
✅ $60k saved annually in avoiding needing to hire a billing clerk to manage invoice submission

THE TAKEAWAY

🏆 11 drivers Coolmore Truck Lines added to their TruckSmarter Carrier Team
🏆 8-10 hours saved weekly by the operations team in offloading invoice submission to drivers 
🏆 $60k saved annually in moving invoice submission in-house

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