New service eases cash flow for independent contractors

Quick access to settlement funds helps drivers reduce financial stress and put more money back into their business

Openforce®, provider of the most widely adopted platform for integration, settlement and risk management solutions for the transportation industry, has launched a new partnership designed to provide independent contractors with settlement funds at quick and cost effective access.

For a small fee, this new service, offered through ZayZoon and integrated with Openforce’s IC Pay, provides on-demand access to upcoming settlement payments *. As a result, independent contractors can improve their access to cash, while escaping the exorbitant rates common to the payday loan industry.

IC PAY & ZAYZOON SOLUTION

Fixed costs

“We built the most powerful portfolio of independent contract management solutions, including processing over $ 1.5 billion in claims last year, and we’re committed to delivering products that help businesses under -contractors and freelance contract workers build sustainable and profitable businesses, ”said Drake. Pruitt, CEO of Openforce. “Integrating with ZayZoon to provide access to early settlement funds was a natural fit for us and for our clients. This is just one of the many innovative products and services to come that we will offer and that will support our vision of working without limits. “

Driver benefits

  • No credit check.
  • Fast registration, and all made possible by a reliable integration with Openforce IC Pay.
  • The funds are sent directly to their bank account.
  • Full customer support.

Benefits of the contracting company

  • No-cost benefit available to independent contractors.
  • No charge to guarantee reimbursement.
  • Secure integration with IC Pay services already in place.
  • The reimbursement is automatically deducted from the next CI payment.
  • Help independent contractors stay under contract by managing their cash flow issues.

And if you’re a contracting company already making advances for independent contractors, IC Pay takes all the paperwork out of the way and provides a much better practice to support proper IC contracting.

Businesses new to IC Pay, and needing a flexible, on-demand workforce payment platform that helps fight predatory lenders and overdraft fees, are encouraged to visit www.oforce.com/ICpay or email [email protected] for more information.

* Payment advance amounts vary based on the payment cycle and payment history in IC Pay.

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Openforce is the leading third-party administrator for independent contractors with more than 350,000 owner-operators properly contracted, insured and paid. Entire industries, such as transportation and logistics, are redefining conventional working models that fall short of cost, efficiency and meeting customer demand. That’s why, from our cloud-based applications to our premium services, Openforce helps transportation leaders achieve more sustainable, profitable growth by removing financial, operational and compliance barriers to doing their business. . Learn more at www.oforce.com.

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