Aljex Partners with Capital Associates for Factoring

JOC Staff |
Middlesex, N.J. - October 14, 2009 -- Aljex Software announced it has partnered with Capital Associates Inc. to provide smart, competitive transportation factoring and accounts receivable services. The partnership enables Aljex users to work with Capital Associates quickly and easily through their Aljex operational and management software.

Capital Associates, Medford, Ore., provides financial and accounts receivable services to the transportation industry. Aljex is the industry-leading provider of hosted management software for freight brokers, 3PLs, and other transportation providers.

We're very pleased to offer our customers the convenience of working with the industry's best factoring service, said Aljex President Tom Heine. Like Aljex, Capital Associates puts the customer first. They understand the needs of brokers and transportation providers and have served them well since 1981.

Now Aljex customers can easily outsource accounts receivable through Capital Associates, which will bill and collect from the customer while paying the broker in two days. For a premium, they will pay a broker immediately on receipt of an invoice. Capital can also provide immediate pay to the brokers' carriers in a quick-pay service that benefits brokers as well.

Capital charges a fee, of course, but it's as little as 1.25% of the invoice, and in addition to quick cash provides services like free credit reporting, invoice tracking, and invoice submission by regular mail, email, or fax to meet each customer's requirements. There are no application fees.

We're excited to be working with Aljex customers, said Pat Walden, Capital's vice president of business development. We saw what Aljex is doing, the service they offer, and we see a good match here for the broker community.

Using Aljex, Capital transactions are transparent and easily tracked. Depending on their individual arrangement with Capital, Aljex users can decide whether to factor an individual bill or not. Meanwhile, all transactions through Capital are immediately viewable in the Aljex system.

Capital Associates is widely recognized as one of the best and best-priced factors in the transportation industry. Some carriers and brokers use Capital for all accounts receivables sparing them the cost of a full or part time book keeper.

About Aljex Software Inc.
Aljex Software based in Middlesex, N.J., leads the transportation industry with innovative software and business systems for third-party logistics firms and carriers. Clients include freight brokers, rail inter-modal, airfreight forwarders, container draymen, and logistics companies. Aljex has been perfecting smart, intuitive management solutions since 1996. For more information, visit www.aljex.com or contact sales@aljex.com.