We use cookies on our website.
Some of them are necessary for the functioning of the site, but you can decide about others.
DAT Buys Invoice Payment Specialist Outgo
DAT Freight & Analytics has acquired Outgo, a Seattle-based back-office payment automation company, to enhance its services in the truckload freight marketplace. This acquisition, along with a previous purchase of Trucker Tools, reflects DAT's commitment to improving operational efficiency for carriers by integrating payment and operational services into its DAT One platform. Outgo allows for rapid invoice settlement, which can occur within minutes, significantly aiding cash flow for small carriers who rely heavily on timely payments. Jeff Clementz, DAT's CEO, emphasized the importance of fast and transparent payment solutions in fostering trust in the marketplace.
In transportation, effective cash flow management is essential for small fleets as it ensures they can cover ongoing operational costs. The integration of payment automation into freight platforms positions companies like DAT advantageously in a competitive industry, allowing for better service delivery to carriers and improved financial management. With the increasing importance of technology in logistics, such advancements signal a trend towards a more integrated, customer-focused approach in freight operations, where payment speed and operational visibility are paramount.
In transportation, effective cash flow management is essential for small fleets as it ensures they can cover ongoing operational costs. The integration of payment automation into freight platforms positions companies like DAT advantageously in a competitive industry, allowing for better service delivery to carriers and improved financial management. With the increasing importance of technology in logistics, such advancements signal a trend towards a more integrated, customer-focused approach in freight operations, where payment speed and operational visibility are paramount.