Trax Technologies, a global leader in Transportation Spend Management solutions, has teamed up with New York-based Raistone, a world-leading fintech and international provider of working capital, in a bid to enable Trax customers to meet their working capital needs and improve their cashflows.
Trax customers can now get extended payment terms on their audited invoices up to 150 days beyond the invoice due date. Meanwhile, Trax will still make payments to their carrier partners on time. As such, carrier needs for on-time payment will remain a focus while internal working capital mandates are met for the enterprise shipper.
