24/7 Factoring
Fund at the speed and at the time your clients demand by offering after-hours and holiday funding.
What Is Factoring as a Service (Faas)™?
Powered by the Triumph network, Faas is a service product offering that empowers transportation-focused companies to extend factoring services to their clients. Create loyalty by offering scalable factoring services and discovering the benefits of FaaS, such as:
Credit Data and Risk Mitigation
Transact confidently with Triumph’s proprietary credit rating system and intelligent decision models.
Client Portal
Give your clients the power to easily manage their factoring account with a customized, white-labeled portal that offers transparent reporting, simple load submission, and fast decisioning and funding.
Cost-Effective Solution
Faas is a fast track to getting started without investing millions in technology upgrades and people
Who Needs Factoring as a Service?
Transportation Factoring Companies
Extend value to your current and future clients while removing the burden of working with antiquated systems that aren’t keeping up with the speed of today.
Contact Us
Ready to see how Factoring as a Service powered by Triumph can work seamlessly with your transportation business? Talk to one of our experts now.
Steps to Integrate FaaS and Your Brand
You sell and market your services with your brand.
Pre-Funding: FaaS supports originations, underwriting, onboarding, validation, verification, and funding.
Post-Funding: FaaS manages all client questions, maintains all technology and performs all back office support such as, collections, cash posting, and compliance monitoring.
Push Your Transportation Business Further With FaaS.
Owned by a Publicly Traded Bank
Triumph provides all the trust and transparency you’d expect from a regulated FDIC-insured organization.
Data Security
Your data is safe with Triumph. Our security protocols and data management processes are rigorously tested to meet the highest standards.
Transparent Industry Partner
Triumph is a long-time member and supporter of the International Factoring Association and American Factoring Association.
Frequently Asked Questions
I want to make sure my clients associate this with me. How do you make sure there is no confusion?
FaaS by Triumph is an upgrade to your brand and business. We white label the entire experience to make sure the value and loyalty are tied to your team, not ours. The FaaS by Triumph team works with your company to coordinate all messaging and communication, ensuring your prospects and clients will have a seamless experience.
How long does it take to get started with FaaS by Triumph?
Our FaaS by Triumph team will meet with you to understand your goals. After that conversation, we will provide a timeline.
How much does it cost?
FaaS by Triumph incorporates the people, platforms and processes that drive our factoring business. By tapping into that, you are avoiding time-consuming and expensive research and development and saving on ongoing costs of maintaining infrastructure and headcount. FaaS by Triumph is competitively priced to ensure a high level of service for you and your clients.
I am a new factor who wants to use FaaS by Triumph. How can I do that?
FaaS by Triumph is only available to established factors. However, Triumph does have several products and services that can help you and your clients maximize cash flow.
