--- title: "Carrier Settlement & Quick Pay Software for Freight Brokers | Fynex" description: "Carrier settlement software for freight brokers and 3PLs: carrier invoices checked against the rate con and POD, carriers paid by ACH on standard or quick-pay terms, every payment tied to the load." url: "/logistics/carrier-settlement" --- Fynex is an AI-native finance operations platform — agentic finance — that automates and orchestrates end-to-end financial workflows for businesses. This page covers carrier settlement for freight brokers: checking carrier invoices against the rate confirmation and POD, and paying carriers on standard or quick-pay terms. Fynex works alongside McLeod, TriumphPay and QuickBooks rather than replacing them. This page is relevant when carriers must be settled per load on their own terms, independently of when the shipper pays, and reconciled either way. # Carrier settlement and *quick pay*, for freight brokers Carrier invoices checked against the rate confirmation and POD, carriers paid on standard or quick-pay terms, detention and lumper charges carried to the shipper invoice, every payment tied to the load. *Freight · carrier settlement.* ## Carriers want paying in days; shippers pay in weeks Carrier payables pile up per load: a carrier invoice to check against the rate con and POD, a quick-pay request, a netted batch from TriumphPay or your factor, and a short pay from the shipper to trace. Your TMS rates the load and records the carrier bill; matching all of it to the load, the bank and QuickBooks is still a spreadsheet. ## Carrier settlement, quick pay and carrier invoice audit Every carrier invoice checked, every carrier paid on its terms, every payment tied to the load. 1. **Settle every carrier in one run** — Every carrier on the run is paid by ACH in a single carrier settlement, standard and quick-pay terms side by side — not a bank file you build and reconcile to loads by hand. 2. **Quick pay and factoring built in** — Advance the carrier before the shipper pays, in the same run, so factoring is part of your own carrier settlement instead of a third party taking a cut of the margin. 3. **Carrier invoice ↔ rate con ↔ POD** — Each carrier invoice checked line by line against the rate confirmation and POD — an off-rate accessorial or a load billed twice is held before payment. 4. **Reconcile every load** — Linehaul, fuel, detention, lumper and TONU post against the load, so every carrier settlement ties to the freight it paid for. ## The same job, with the leaks closed Point tools solve part of it. Fynex runs the whole thing on one platform. | The problem | Other platforms (TMS + bank file + factor) | Fynex | |---|---|---| | Settle many carriers at once | A bank file per run, matched to loads by hand. | One ACH run, matched per load. | | Pay before the shipper pays | Hand the load to an outside factor. | Quick pay and factoring in the same run. | | Check carrier invoices | Matched to the rate con by eye, if at all. | Checked against rate con and POD before pay. | | Handle detention and accessorials | Tracked off-system, often never billed. | Settled on the same load, carried to the shipper invoice. | | Reconcile to the load | Matched in a spreadsheet later. | Every settlement tied to the load. | ## Questions, answered ### What is carrier settlement software? Carrier settlement software pays the carriers a freight broker or 3PL owes and ties each payment to the load it covers. It checks the carrier invoice against the rate confirmation and proof of delivery, applies quick-pay or factoring terms, pays every carrier in one run and reconciles each payment to the load in your books. Fynex does this beside the TMS you already run — McLeod, Tai, Rose Rocket or Alvys. ### What is carrier settlement, and how does Fynex run it? Carrier settlement is paying every carrier for the loads they hauled. Fynex pays them all by ACH in one run, standard and quick-pay terms together, with each payment tied to the load it paid for — replacing the per-run bank file and the manual load reconciliation behind it. ### How does quick-pay work with Fynex? Quick pay is settling a carrier before the shipper has paid you. Fynex builds quick pay and factoring into the carrier settlement run itself, so you advance the carrier in the same run rather than handing the load to a third-party factor — and every advance is reconciled to the load. ### Can Fynex replace our freight factor? It can fold factoring into your own carrier settlement. Instead of selling invoices to an outside factor, you advance against the load through Fynex and keep the spread, with every advance tied to the load. For a brokerage, factoring becomes part of its own settlement run instead of the carrier's separate relationship. ### Does Fynex reconcile fuel and accessorials? Yes. Linehaul, fuel surcharges, detention, lumper fees, TONU and other accessorials post against the load, so what a load billed and what it cost tie out automatically, and carrier settlements stop being matched to loads in a spreadsheet. ### What's the difference between factoring and quick pay? Quick pay is the broker paying a carrier early, usually for a fee of a few percent the carrier accepts. Factoring is selling an invoice to a third party for cash now: a carrier factors its invoice, or a broker factors its shipper invoice. Quick pay costs the broker cash flow; factoring costs whoever sells the invoice a fee. Fynex runs both inside the same carrier settlement and books each fee to the load. ### How do freight brokers pay carriers? Most brokers pay carriers by ACH on net-15 to net-30 terms after receiving the carrier invoice, rate confirmation and POD, with quick pay offered for a fee — directly or through TriumphPay, Truckstop or a factor. Fynex runs that carrier settlement: it checks each invoice against the rate con and POD, pays standard and quick-pay carriers in one ACH run and ties every payment to its load. ### What is a rate confirmation? A rate confirmation (rate con) is the load agreement a broker sends a carrier before pickup: the lane, pickup and delivery times, equipment, the linehaul rate and any agreed accessorials. It's the document a carrier invoice is checked against — a detention or lumper charge that isn't on the rate con needs approval before it's paid. Fynex checks every carrier invoice against its rate con before carrier settlement. ### What are carrier payables? Carrier payables are what a broker owes its carriers: approved carrier invoices for delivered loads, waiting to be paid on their terms. They sit in the TMS or in QuickBooks accounts payable. Fynex works the carrier payables ledger — checking each invoice, paying it on standard or quick-pay terms and building each carrier's 1099 total from the same ledger. ### Does Fynex work with TriumphPay? Yes — beside it, not instead. TriumphPay keeps paying carriers and auditing invoices where you use it. Fynex reads its remittances and netted batches, ties each payment, fee and short pay back to its load, and shows what each one did to your margin per load. ### Can settlement connect to our TMS? Yes. Settlement runs can be raised and read from the system you already plan loads in — the [payouts section of the API reference](https://docs.fynex.ai/payments-api/v1/docs/payouts) documents creating and tracking a payment run, and [reconciliation](https://docs.fynex.ai/payments-api/v1/docs/reconciliation) covers matching what was paid back to the loads behind it. ## More guides for freight brokers Each guide covers one part of a load's money. Start with one, or run them all. - **Payouts** — How Fynex pays vendors, subs and carriers by ACH, on your schedule. ## Find what you're leaking, for free Send us your setup. We run a free diagnostic and show you what your payment stack costs you today. > One recent diagnostic found $2M in hidden fees across 10 processors for a proptech client. ## Your money, held under a licence, not a promise Fynex is Merchant of Record, so the payment risk on every shipper payment and carrier settlement sits with us, not your brokerage. - **Your funds, safeguarded** — Customer funds are held by Fondy Ltd, an FCA-authorised e-money institution (FRN 900705). - **PCI DSS Level 1** — The highest card-data security standard, on by default. - **Audit logs** — Every movement traceable and ready for review. - **Built-in KYC / KYB** — The switch that turns the business on. ## Settle every carrier. *Paid on terms, matched per load* --- The AI finance layer for platforms and operators. It runs the money chain and keeps more of it in your business. One platform instead of a dozen. 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