Denim Market Research Report
Company Overview
Name and Mission
- Name: Denim
- Mission: To help brokers simplify their back-office operations and provide them with more time to focus on growing their business.
Founding Information
- Founded: No information is available
- Founders: No information is available
Key People
- CEO: Bharath Krishnamoorthy
- President & CTO: Shawn Vo
- VP of Product: Sean Smith
- CRO: Will Yarbrough
- VP of Operations: Chad Capooth
- Head of People: Alicia Kortmeyer
Headquarters
- Headquartered: No information is available
Number of Employees
- Number of Employees: No information is available
Revenue
- Revenue: No information is available
Company Expertise
- Known For: Specialized in freight broker operations, Denim provides a financial services platform to automate invoicing, collections, and payments for freight brokers. The company delivers integrated solutions to enhance growth through back-office automation and financial tools.
Products
Product Offerings
- Factoring: Provides immediate cash advance against invoices.
- Key Features:
- Instant access to working capital.
- Automated financing operations.
- Transparent terms without hidden fees.
- Payments: Simplifies the payment process for freight brokers.
- Key Features:
- Faster payment cycles.
- Integration with TMS for seamless operations.
- Free and convenient QuickPay options for carriers.
- Collections: Efficient management of invoice collections.
- Key Features:
- Eliminates need for collection calls.
- Automated processes reducing manual tasks.
- Integrated credit checking.
Recent Developments
Company Developments
- Integration with MyCarrierPortal: A new partnership to save brokers hours in manual carrier data entry by streamlining onboarding processes.
- 2023 SmartBroker of the Year Award Winner: Recognized Natalie Schick of Alliance Logistix for outstanding brokerage operations and industry leadership.
New Products and Features
- New Features:
- Enhanced API Integrations for better data management.
- Advanced invoice audit and documentation services.
- Partnerships:
- Partnered with key industry players like MyCarrierPortal to provide seamless technology integration and improved fraud protection.
Customer Success Stories
- FreightZap:
- Enhanced efficiency and gained financial flexibility using Denim’s factoring solutions.
- Result: Accelerated business growth and competitive edge in the market.
- Direct Expedite:
- Reduced invoicing process time from 2.5 hours to just 12 minutes.
- Yeti Logistics:
- Achieved an 18% reduction in factoring expenses, saving nearly $20,000 annually.
- Alliance Logistix:
- Enhanced operations and increased business volume by 35%.
- Peregrine:
- Boosted operational efficiency and reduced invoice processing time to under a minute.
Denim continues to stand out with its commitment to technological improvements, customer service, and strategic partnerships, positioning itself as a transformative force in the freight intermediary market.