Freight Factoring Software
Freight factoring runs on speed and documents. Carriers want quick-pay the same day they deliver, and every invoice arrives bundled with a rate confirmation, a bill of lading (BOL), and a proof of delivery (POD) that has to match before you advance funds. At hundreds of loads a day, the work of verifying documents, vetting carriers, applying batched broker payments, and chasing aged receivables becomes the real limit on how much volume your shop can carry. Zolvo is AI back-office automation built for commercial lenders, and it augments the systems you already run (FactorSoft, QuickBooks, and bank feeds via Plaid) rather than replacing them.
Verify rate cons, BOLs, and PODs before you fund
Before quick-pay goes out, Zolvo confirms each invoice against its supporting documents. Multi-channel debtor confirmation over phone, email, WhatsApp, and AI voice checks the invoice amount, PO, delivery status, and terms, while duplicate-pledging and fraud detection catch the same load financed twice across carriers or brokers. This is the same engine described on our invoice verification page, tuned for the document mix freight factors see every day. It checks each rate confirmation, BOL, and POD against the invoice so funding decisions rest on confirmed delivery, not assumptions.
Reconcile broker and shipper payments faster
Brokers and shippers pay in batches, short-pay for disputes, and remit with references that rarely map cleanly to a single invoice. Zolvo parses incoming bank deposits and applies a confidence score to every match, so your team reviews only the exceptions the engine cannot resolve. Zolvo reaches an 87% automatic match rate and 12x faster reconciliation on this kind of unstructured payment data. The full workflow is covered on our reconciliation page.
Automate collections and protect advance rates
Aged freight invoices mean chasing brokers and shippers across channels, and concentration in a few large brokers plus dilution from chargebacks quietly erode your returns. Zolvo schedules reminders over email, WhatsApp, and SMS, answers routine status questions with an AI assistant, and escalates disputes to your team through our collections automation. Alongside it, portfolio and covenant monitoring tracks concentration, dilution, aging, and advance rates with on-demand reporting for your bank line. Together that cuts ops costs by up to 70% as volume climbs.
Frequently asked questions
Does Zolvo replace my factoring system?
No. Zolvo augments the system you already use. It connects to platforms like FactorSoft and QuickBooks and to bank feeds via Plaid, layering verification, reconciliation, collections, and monitoring on top. Most freight factors are live in about 2 weeks without ripping anything out.
Can it handle quick-pay at high daily invoice volume?
Yes. Verification runs across phone, email, WhatsApp, and AI voice so hundreds of invoices a day can be confirmed against their rate confirmation, BOL, and POD without adding staff, which is what lets you keep quick-pay turnaround fast as volume climbs.
Is carrier and broker data secure?
Zolvo is SOC 2 Type II, GDPR aligned, and AES-256 encrypted, with strict tenant isolation so your portfolio data is never commingled. To see it on your own data, contact us.