Payments
Deep Dive:
Freight &
Logistics
The shape of payments in the logistics industry today.
The logistics industry is all about speed, efficiency, and accuracy. Payment transactions often occur on-the-fly, elevating the importance of real-time invoicing and payments. On one end, manufacturers are facing greater expectations around efficiencies & performance. On the other, customers expect faster time to market, thereby placing increased pressure on the logistics industry.
Three major emerging trends that Plastiq can provide solutions for are: a) the rise in reverse logistics operations, b) the emergence of last mile deliveries and c) increased logistics automation opening up new SMB audiences.
Key Payment Challenges
Logistics firms are facing some common challenges.
Predicting
cash flow
The biggest pain point is knowing exactly when a payment will be received. This is particularly damaging to smaller carriers.
On-the-fly
payments
Payments are increasingly coming outside of normal business hours, adding more pressure on remote customer service providers & extended hours.
Payments
delays
The inability to cross match invoice against PO/delivery documentation leads to delay, greater fraud risk and non-compliance.
Plastiq Accept Solutions
Plastiq Accept meets the challenges.
Predict your
cash flow
Plastiq Accept automates end-to-end payment visibility, from request to delivery.
On-the-fly
payments
Plastiq Accept promotes real-time payment collection with increased flexibility via multiple payment method options.
Eliminate
payment delays
Plastiq Accept creates & sends payment requests instantly via email or text.
Plastiq Accept solves payment problems before they're problems.
Promotes real-time payment collection
Promotes real-time payment collection
Tracks open “unpaid” payment requests
Tracks open “unpaid” payment requests
Advanced reporting & real-time notifications
Advanced reporting & real-time notifications
End-to-end payment reports
End-to-end payment reports
Flexibility to adjust to payment challenges
Flexibility to adjust to payment challenges
Automated process shortens collection times
Automated process shortens collection times
More flexibility—offers multiple options
Offers more flexibility with multiple options
Enables card acceptance for budget-constrained SMBs
Enables card acceptance for budget-constrained SMBs
Start using Plastiq Accept and stop chasing payments.
Logistics is an industry driven by payments. Being cash-intensive, transactions often occur on-the-fly placing the burden on real-time invoicing & payments. Plastiq Accept enables real-time payment collection anywhere, anytime, getting you paid faster. Large or small, payments are delivered to your account in 2-3 days, enabling better cash flow predictability and without paying processing fees.
Allen Lund saves on fees with Plastiq Accept.
The challenge: Allen Lund’s revenue comes primarily from large transactions and they needed a way to get paid faster at lower cost.
The solution: By leveraging Plastiq Accept payment requests, they can promote real-time payments, easily reconcile and track the payment process—without the hassle of managing a merchant account themselves or processing fees.