Case Study: Bibby Transportation Finance achieves 30% year-over-year growth with ProfitStars FactorSoft and HubTran

Bibby Transportation Finance’s FreightCheck Division Achieves 30% YOY Growth with FactorSoft® and HubTran

Bibby Transportation Finance, a provider of transportation financing and freight factoring, needed to significantly accelerate its clients' access to cash flow. Their manual, paper-intensive process of matching documents and chasing down information was laborious and slowed down funding. To address this, they worked with vendor ProfitStars and implemented its FactorSoft portfolio management system, integrated with the HubTran automation solution.

The ProfitStars solution, combining FactorSoft and HubTran, automated data entry and auditing, which streamlined the entire funding process. This eliminated manual tasks, reduced errors, and cut turnaround time by hours. As a direct result, Bibby Transportation Finance's FreightCheck division achieved 30% year-over-year growth. This expansion was accomplished without adding new processing staff, as the efficiency gains freed up the team to handle more clients while maintaining a high level of service.

Bibby Transportation Finance, Inc.

Mary Ann Hudson

Executive Vice President