AscendTMS proudly partners with iThrive Funding for all of your factoring needs!
For more information or if you'd like to speak with an iThrive Funding Guru, please visit the link provided, below.
If you're already a happy iThrive Funding client and want to start submitting your loads for funding right away, proceed to the step-by-step guides, below.
How to Connect your iThrive Funding and AscendTMS Accounts
Begin by selecting the Settings tab found on the left side of your AscendTMS screen
Locate the AscendTMS Plans, Features and Billing Details section, then select Add or Edit Factoring Settings
Locate the iThrive Funding logo and select Connect
You will then see the following window appear. Please verify that your Company Contact Info is correct. Should you need to make any changes to your Company Contact info, just select the Company Contact Info button (shown below).
Once you've verified that your company info is correct, select Connect
NOTE: By connecting to iThrive Funding, AscendTMS will automatically include a notice of assignment stamp on all of your invoices. If you need to remove an NOA stamp for any of your customers, please contact AscendTMS Customer Support at support@inmotionglobal.com with your request and we will remove the stamp from your requested customer(s) invoices.
Upon receiving approval from iThrive Funding, your AscendTMS will now be ready to submit your loads for factoring. Pretty easy, right?
How to Factor Your Loads
Now that your iThrive Funding and AscendTMS accounts are connected, be sure that all of your supporting documents (BOL's, POD's, signed confirmations, receipts, etc.) are uploaded to your loads. All of your uploaded documents will conveniently and automatically accompany your system-generated invoice documents when factoring.
Upload Your Supporting Documents
Uploading your supporting documents is paramount to ensuring your funding request with all required documents are received by your factoring company, thus preventing delays in receiving payment for your invoices.
There are a multitude of ways to upload documents to your loads in AscendTMS.
NOTE: if your supporting documents have already been uploaded, continue to the Submitting Loads/Invoices for Factoring section, below.
Load Actions
From within the load you're working on, locate the green Load Actions bar and hover over Load Documents, then select Upload a Doc.
View or Send Load Docs
From the Load Management screen, right-click on the load you wish to upload documents to. That action (right-click) will open the Load Shortcuts Menu. Select View or Send Load Docs.
Documents may also be uploaded directly to your loads by drivers and carriers via text or through an integration like Transflo. If you have received your documents this way, the easiest method for processing and viewing these documents is to use the View or Send Load Docs option. This option takes you directly to the documents attached to your load.
No matter which option you choose for uploading your supporting documents, each option listed above, when selected, will direct you to the Documents Attached to Load "X" page, pictured below.
To continue with the document upload process, select Upload a New Doc and follow the prompts there.
Once you've selected your document, you will see the following screen, prompting you to further process the document.
NOTE: uploaded and supporting documents require the following information (also referred to as "document tags") to be successfully received by your factoring company:
Load Number
Customer Name
Document Name
Document Type
Once you have the required document tags populated, select Upload.
You will now see your uploaded document within your document list:
From there, continue uploading and processing as many documents as required by your factoring company. Once completed, you will want to send your load to accounting to continue the easy load factoring process.
To do so, simply click on the Send to Accounting Management button in the upper-right corner of your Documents Attached to Load "X" screen.
Submitting Loads/Invoices for Factoring:
Now that you have sent your load(s) to Accounting, let's walkthrough how to submit your loads/invoices for factoring.
Navigate to the Accounting tab on the left side of your AscendTMS screen and select Invoices/Bills.
From the Invoices tab, select one or more invoices to be factored by checking the boxes next to the company name.
NOTE: You must set your Invoice Date(s) before factoring. As needed, you can click in the Invoice Date column of your invoices to set their Invoice Dates.
Once you've entered your Invoice Dates (as needed), click on the Factor Invoices button.
You should now see the following modal pop-up. Click on the red “X” to ensure your invoice(s) are ready for factoring, then select the Continue button.
You will see the following modal pop-up confirming your funding amount. Once confirmed, click the Factor Loads button.
You should now see this modal pop-up, confirming you have successfully submitted your load(s) for factoring:
That's it! It really is that simple! Your invoices, freight bills and supporting documents have now been submitted for funding!