Chicago, IL – (January 24, 2017) – HubTran announced that transportation factoring company, Triumph Business Capital, has implemented HubTran to further automate its back-office operations.
HubTran streamlines back-office work for factors and freight brokers with a cloud-based platform that leapfrogs traditional document management. Hubtran applies optical character recognition, machine learning algorithms and intuitive workflows to drive major productivity and accuracy gains.
Steve Hausman, President and CEO of Triumph Business Capital, said, “We’ve explored a number of OCR solutions during the past several years. What distinguished Hubtran was their working knowledge of logistics and their team’s commitment to the success of the technology platform already in place. We see a partnership that will grow both deeper and wider in the very near future.”
Triumph Business Capital is a leading provider of factoring and payment processing services to the transportation market and an operating subsidiary of Triumph Bancorp, Inc., a financial holding company with diversified lines of community banking, commercial finance and asset management activities (NASDAQ TBK). Triumph Business Capital has provided a range of financial services to more than 7,000 small to mid-size businesses in the logistics industry.
“We’re pleased to be working with Triumph Business Capital,” Bernstein said. “Triumph is a leader in the factoring industry and has a long history of innovation and service excellence.
HubTran has sparked a back-office revolution by replacing old-school systems with automation to efficiently process invoices, bill customers, and manage documents. The company does it with enterprise-grade software using optical character recognition and artificial intelligence that’s smart, easy, and affordable. HubTran 3PLs and factors work 4x faster with better cash flow and incredible accuracy.
HubTran recently earned a spot on FreightWaves’ Top 25 most innovative companies list. Other awards include the Harvard Business School New Venture Competition, Chicago Innovation Award, and Executives’ Club of Chicago Innovator of the Year. The most important reviews come from HubTran customers who can’t say enough about product performance, minimal startup time, and excellent customer service.
Vice President, 3PL and Brokerage