Factor invoices in batches, fund in days.
Most US trucking companies factor. The 30-45 day broker pay cycle is the gap between when work is done and when payroll is due, and factoring closes it. Keelway's factoring module bundles invoices into batches for the top factors (Triumph, RTS, OTR, TBS, Apex), submits, marks funded, and keeps factored AR separate from non-factored on the aging view.
Group invoices for a factor
Send via API or formatted file
Mark funded, AR adjusts automatically
Reserve payments matched standard way
Frequently asked questions
Which factoring companies does Keelway support?+
Triumph Business Capital, RTS Financial, OTR Capital, TBS Factoring, Apex Capital, and a long tail of smaller factors are supported via the standard batch-submission format. Direct API integration is enterprise-tier for the top three; manual submission with formatted batches works on every tier.
What does a batch include?+
Selected invoices grouped for submission to a factor. Each batch carries the broker list, the invoice list with original amounts, the factoring rate agreed (typically 1.5%-4%), the advance percentage (90-97% typical), and the funding date target. The factor returns funded confirmation; Keelway marks the invoices as funded and the underlying loads as factored.
What happens to AR when an invoice is factored?+
The invoice still shows on the AR aging until the broker actually pays the factor; the underlying load status moves to factored. When the broker pays the factor, the factor sends the carrier the reserve (the 3-10% holdback minus the factoring fee) — that payment is matched the standard remittance way.
Can I see factored vs non-factored AR separately?+
Yes. The AR aging view filters by factored / non-factored. Most controllers default to looking at non-factored AR as their primary collections list, since factored AR is the factor's collection problem.