OTR Solutions Acquires Epay Manager: A Major Leap in Carrier Payments and Back-Office Automation for Freight Brokers
The platform's efficiency in processing invoices and reducing disputes leads to a 75% reduction in AP Processing time and costs and a 40-50% decrease in overall post-load cost per invoice.
We're bringing you some exciting news from OTR Solutions, the leading Atlanta-based freight factoring and back-office solutions provider for the logistics industry. OTR Solutions has acquired Epay Manager, a back-office automation and carrier payments platform for freight brokers. Epay’s innovative approach to invoice collection and processing via its Audit Proof Invoicing system gives brokers increased control of financial transactions and carriers much-needed transparency in their payments.
Epay Manager is integrated with top Transportation Management Systems (TMS), allowing for frictionless data flows. With this merger, brokers can automate their back office with unparalleled transparency, cutting costs, eliminating payment discrepancies, and making payment disputes a thing of the past.
Why This Matters
With this strategic move, OTR Solutions is positioning the company as a top player in the industry.
Epay’s unique and innovative solution for freight brokers joins an already robust suite of logistics-focused fintech products offered by OTR Solutions, furthering the company’s mission to create exceptional value for its customers through industry-leading financing and back-office solutions.
“The acquisition of Epay Manager reflects our commitment to our ongoing mission of bringing value-enhancing solutions to the logistics industry. We are extremely excited about both the talented team and best-in-class back-office automation and payments technology that will now be part of OTR’s suite of offerings to brokers.” – OTR Solutions CEO, Fritz Owens
In a nutshell, this acquisition by OTR Solutions is an investment in the future of freight brokerage. With Epay Manager, they're bringing a solution refined by decades of customer feedback. It's a product built by industry insiders for industry insiders.
“Epay was founded and built by front-line industry participants, forged from the pain of real-world experience, and it shows. Trucking and logistics is in Epay’s blood, and we can certainly relate to that.” – OTR Solutions EVP and Chief Strategy Officer, Clayton Griffin
Epay Manager Enhances OTR's Fintech Fleet
Integrating Epay Manager into a suite of logistics-focused fintech products significantly enhances the offerings for freight brokers. This integration brings a streamlined, efficient solution that simplifies and automates key aspects of their operations. Freight brokers can expect the following:
- Ease of Operations: Epay Manager's automated carrier onboarding and invoicing processes integrate seamlessly with existing systems, reducing manual workload.
- Cost Reduction: The platform's efficiency in processing invoices and reducing disputes leads to a 75% reduction in AP Processing time and costs and a 40-50% decrease in overall post-load cost per invoice.
- Increased Efficiency: Process 4-5x more invoices per team member with Epay's streamlined system. With the ability to handle a higher volume of invoices per team member, brokers can manage more transactions without expanding their back-office staff.
- Enhanced Transparency and Relationships: The platform's transparency fosters stronger relationships between brokers, carriers, and shippers, contributing to smoother operations.
- Comprehensive Solutions: Joining OTR's product lineup, Epay Manager complements and enhances the existing suite of financing and back-office solutions, offering a more rounded and effective toolset for freight brokers.
This integration aligns with OTR's mission to provide exceptional value through industry-leading financing and back-office solutions, making the lives and jobs of freight brokers easier, more efficient, and cost-effective.
Impact of Epay Manager Powered by OTR Solutions
The entrance of OTR Solutions with Epay Manager into the carrier payment and back-office solution space is a game-changing moment for the industry.
OTR is now stepping into a ring that has been pretty much ruled by TriumphPay. But now there's a new player to enhance the competitive landscape. That means a boost forward in how freight brokers do business and a host of fresh ideas brought to the table.
Think of this union of Epay Manager and OTR as a Swiss Army knife for freight brokers – sleek efficiency, cutting-edge tech, and a whole new level of game in back-office operations.
Check out Epay Manager Powered by OTR Solutions at their website or call (470) 924-2894 to speak to a representative today.