Factoring Industry News and Trends

Match Factors Partners with Transflo Telematics for ELDs

Match Factors Partners with Transflo Telematics for ELDs

FLORENCE, SC – August 22, 2017 – Match Factors, Inc., a specialist in transportation factoring, has formed a partnership with Transflo Telematics to help their customers comply with the Electronic Logging Device (ELD) mandate. Transflo is the leading mobile, telematics, and business process automation software for the transportation industry.

As of December 18, 2017, new Federal Motor Carrier Safety Administration (FMCSA) regulations will require fleets with trucks newer than 2000 model year to use ELDs that synchronize with the truck’s electronic controls and automatically record hours of service data. The FMCSA estimates that 3.4 million commercial drivers are subject to this new rule.

Match Factors conducted detailed research to determine the best system to offer their customers, and chose Transflo Telematics as their preferred ELD partner.

“Our research showed Transflo devices are easy to use and set up, and help carriers address compliance with the ELD mandate,” said Eric Belk, Match Factors’ Vice President. “Their logging devices offer the variety of features our customers need to effectively manage their business. Transflo has a solid brand name and a simple, reliable platform. We are excited to offer their ELDs at a significant discount to our customers.”

“We are excited to add Match Factors to our distribution channel, making it convenient for carriers to purchase their ELD devices,” said Mark Spicer, Vice President of Integrated Solutions at Transflo. “Through the Match Factors partnership, we’re helping address the needs of small trucking companies and independent owner operators.”

ELD technology offers many benefits, including less time spent on paperwork, improved safety, and improved accuracy of driver logs. The Transflo ELD discount is only available to current Match Factors customers. Information about the Transflo ELD benefit is available to customers though the member portal on Match Factors’ website, or upon request to Match Factors.

About Match Factors, Inc.

Match Factors Inc. is headquartered in Florence, South Carolina and has been providing accounts receivable factoring solutions for the transportation industry since 1984. For more information, visit www.MatchFactors.com.

About Pegasus TransTech

Transflo® by Pegasus TransTech is a leading mobile, telematics, and business process automation provider to the transportation industry in the United States and Canada. Through its technology, the company delivers real-time communications to thousands of fleets, brokers, and commercial vehicle drivers. The company’s mobile and cloud-based technologies digitize over 400 million shipping documents each year, representing nearly $40 billion in freight bills. Organizations throughout the Transflo client and partner network use the solution suite to increase efficiency, improve cash flow, and reduce costs. Headquartered in Tampa, Florida, USA, Transflo is setting the pace of innovation in transportation software. For more information, visit www.transflo.com.