Freightlancer in Butn link for invoicing services


Invoicing solution to give of Australian expansion impetus

Freightlancer in Butn link for invoicing services
Matt Barrie

 

An Australian-owned freight marketplace and management system has linked with a local business-to-business funder Butn as the former seeks to expand locally.

Freightlancer, a subsidiary of listed firm Freelancer, which runs a global freelancing and crowdsourcing marketplace, is looking to gain customised services from listed small to medium enterprise transactional funding provider Butn.

"With the ongoing Covid-19 pandemic elevating supply-chain issues and freight deliveries, the demands on freight owners and operators have increased significantly," Freelancer CEO Matt Barrie said.

"By integrating Butn’s platform into our leading marketplace and app, we are simplifying the way owners and operators can manage the demands of invoicing, providing them with an easy-to-use solution that offers terms against invoices on job completion."

Under the agreement, Butn is to provide Freightlancer with a customised solution, Butn Terms, which combines features across the Butn product range.

"The automated end-to-end business transaction funding solution provides Freightlancer customers with a range of payment terms, assisting in their cashflow needs," Butn noted.

Rollout is expected before mid-year, starting with the Australian market.

"This partnership with Freightlancer cements our position as a leading SME cashflow solutions provider in the freight sector," Butn co-founder and Co-CEO Rael Ross said.

"It’s another example of Butn’s competitive advantage, embedding into partner platforms, providing end business users with the cashflow they need in seconds.

"It allows Butn to leverage Freightlancer’s leading market position to deliver a powerful cashflow solution to their customers at this time of increased demand."

 

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