Farelanes, a premier data distribution platform for real-time freight lane pricing, is proud to announce a strategic integration with FactorGenie, a leading provider of add-on software solutions for the freight factoring industry. This partnership brings Farelanes’ powerful rate intelligence directly into the FactorGenie workflow, delivering enhanced operational efficiency and fraud detection for freight factors and their trucking clients.
“We are excited to integrate Farelanes’ pricing intelligence into FactorGenie’s platform, giving factoring companies access to clean, verified market data without the typical subscription costs,” said Neal Huffman, CEO of Farelanes. “By embedding our analytics and fraud detection capabilities into FactorGenie’s Instant Audit system, we empower factors with real-time pricing insights that drive better funding decisions and reduce risk.”
Through this integration, all factoring companies using the FactorGenie platform will receive direct access to Farelanes’ comprehensive real-time lane pricing data, enabling factors to make more informed financial decisions without incurring additional costs.
Additionally, FactorGenie’s Instant Audit system now leverages Farelanes’ pricing engine via API, allowing automated lane rate analysis on every load submitted for factoring. This comparison against Farelanes’ real-time market data enhances security by flagging potentially fraudulent or inflated rates, strengthening risk mitigation efforts across the factoring industry.
To further support the ecosystem, FactorGenie’s factoring customers—trucking companies—will receive a complimentary Farelanes Silver subscription, granting carriers direct access to valuable pricing tools that allow them to competitively price their freight and gain deeper insights into market trends.
“This partnership enables us to deliver significant advantages to factors and their carrier clients—free access to premium, real-time rate data that combats fraud and ensures smarter funding decisions,” said Sam Elitzer, CEO of FactorGenie. “By integrating Farelanes’ verified pricing data into Instant Audit, we streamline validation and make the entire process more efficient.”
Farelanes remains committed to advancing the transportation finance sector with innovative, cost-effective solutions. By eliminating barriers to critical market data and embedding pricing insights directly into FactorGenie’s ecosystem, we set a new standard for intelligent, secure, and data-driven factoring operations.
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