TMCnet News
PayCargo Adds Hapag-Lloyd (America) Inc. to its Payment NetworkPayCargo, LLC, a leader in electronic freight invoicing and payment processing, today announced that HAPAG-LLOYD, a leader in containerized ocean transportation services, is now connected to the PayCargo Freight Payment Network allowing its customers the flexibility of using PayCargo as an e-payment option. PayCargo's online, commercial payment applications connect ocean carriers and their shipper customers to automate financial processing. HAPAG-LLOYD delivers comprehensive e-business tools that simplify and streamline all processes throughout the supply chain. With the addition of PayCargo, HAPAG-LLOYD customers in the U.S., now have another option for efficiently viewing, proofing, and approving freight payments. PayCargo features multiple payment options including additional credit terms. In addition, shippers will have the ability to dispute invoices in order to expedite resolutions, along with enhanced payment recognition, to help accelerate the release of cargo or documents. Since its launch in 2009, PayCargo has provided the ocean shipping industry a business-to-business payments solution with tools that create efficiencies by automating the payments process. PayCargo offers multiple fnancing options, dispute resolution, systems integration, email alerting, and reporting capabilities. PayCargo's financing options allow carriers to enjoy advanced funding of receivables and shippers to qualify for additional credit terms on their payables. "We are pleased HAPAG-LLOYD is offering PayCargo to its customers as yet another option to streamline electronic payment and settlement processing. PayCargo adds value to the financial relationship between a carrier and shipper by efficiently automating the entire payment process," said Juan Dieppa, Senior Vice President, at PayCargo. About HAPAG-LLOYD Line For over 168 years Hapag-Lloyd has set industry-wide benchmarks for reliability, service, productivity and environmental protection. Other important topics for Hapag-Lloyd are compliance and sustainability. Approx. 190 modern ships, 7.5 million TEU (Twenty-foot Equivalent Unit) transported in a year, motivated staff at almost 600 locations in 113 countries, networked through an IT system that is the industry leader: Hapag-Lloyd is a leading global liner shipping company and a powerful partner for you. After the merger with CSAV's container business in December 2014 Hapag-Lloyd offers a fleet with a total capacity of around one million TEU as well as a container stock of more than 1.6 million TEU including one of the world's largest and most modern reefer container fleets. A global network of 125 liner services guarantees fast and reliable connections between all continents. About PayCargo PayCargo is a commercial payments solution for the Ocean, Air, Trucking and Rail industries. PayCargo offers electronic tools that create significant efficiencies by automating the payments process with multiple financing options, dispute resolution, systems integration, email alerting, and report capabilities. PayCargo's financing options allow Carriers to enjoy advanced funding of Receivables and Shippers to qualify for additional credit terms on their Payables. PayCargo helps companies in the international supply chain reduce operating costs, grow profits, dramatically increase cash flow, and improve overall liquidity.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150608006358/en/ |
