This guide will explain how SmartPay will benefit you and your business.
What Is SmartPay?
SmartPay is TEG’s integrated payment processing system designed to simplify how members pay and get paid for completed loads. It consolidates multiple invoices into a single transaction, streamlining the entire payment lifecycle for both buyers (load posters) and sellers (drivers and carriers).
Put simply: SmartPay takes the friction out of making payments and getting paid. Wether you are dealing with one, or a thousand invoices it should be quick and simple.
SmartPay is the easiest way to pay and get paid for loads completed on the TEG platform.
SmartPay Benefits: How does SmartPay help your business
Efficiency: Reduces admin by consolidating payments and automating approvals.
Security: Payments are made into verified bank accounts managed via Trustd.
Transparency: Payment status is tracked in real time, reducing confusion and follow-ups.
Scalability: Enables working with more suppliers without onboarding friction.
Reduced errors: Minimises manual entry and reconciliation issues.
SmartPay in three easy steps:
1. Drivers and carriers send their invoices through SmartPay.
2. You review and approve invoices
3. You make a single payment for all approved invoices to your TEG Wallet. SmartPay automatically divides the payment ensuring the right payments get to the right suppliers
SmartPay early payment and factoring options
SmartPay also enables you to take advantage of early payment and factoring options to help unlock your cash flow. Learn more about SmartPay factoring here.
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