Nomad has launched Nomad Pay, an embedded factoring solution built into the Nomad platform to automate invoice verification, funding, and collections for carriers and factoring companies.

The platform replaces manual, phone-based workflows with a shared system that allows carriers and factors to work from the same data, according to a news release. Nomad Pay is integrated alongside Nomad Fuel, giving fleets one platform to manage fuel spending and invoice funding.

Because carrier load data, payment history, and credit information already exist within the platform, invoice verification is automated before submission. Nomad said this allows invoices to be funded in minutes rather than hours while improving credit decisions through shared operational data.

At launch, Nomad Pay includes automated invoice verification, collections, cash posting, and credit assessment. The company said the platform is designed to reduce administrative work, speed payments, and lower operating costs for carriers and factoring providers.