OTR Solutions Expands Fintech Portfolio with Acquisition of Epay Manager, A Back-Office Automation and Carrier Payments Platform for Freight Brokers
“The acquisition of Epay Manager reflects our commitment to our ongoing mission of bringing value-enhancing solutions to the logistics industry,” said OTR Solutions CEO,
OTR Solutions will leverage Epay Manager’s robust portfolio of valuable integrations with transportation management systems (TMS), which allow brokers to implement back-office automation with unrivaled transparency for their carrier partners. This in turn significantly reduces the cost associated with processing carrier invoices—eliminating carrier payment discrepancies, minimizing the freight bill audit process, and improving the overall productivity of broker back-office teams.
The acquisition combines Epay Manager’s revolutionary approach to carrier relationship, invoice, and payments management with OTR Solutions’ robust working capital and suite of solutions. Epay Manager gives brokers opportunities to cultivate more positive connections with their carriers through prompt and undisputed payments.
“With this new offering, freight brokers will not only boost operational efficiency but will also foster more positive, collaborative relationships with carriers and factors” said OTR Solutions Chief Operating Officer,
Epay Manager reduces broker operating costs by processing invoices with more efficiency and accuracy. Its existing integrations with widely used TMS platforms like McLeod, Aljex, and others, enable streamlined AR and AP processes between brokers, carriers, factoring providers, and shipper customers. The acquisition provides brokers with capabilities unrivaled by others in the market today.
“What is truly unique about the Epay platform is that it has been hardened by decades of customer feedback and iteration, the result of which is a robust, scalable, and highly efficient product that provides tangible cost savings and new revenue opportunities for freight brokers,” said OTR Solutions EVP and Chief Strategy Officer,
Brokers seeking to optimize and scale their back-office operation without spending excessive amounts of time and money on technology and personnel can schedule a demo and begin processing invoices in as little as two weeks. TMS providers interested in building an integration with Epay Manager can do so in as little as 30 days with the platform’s advanced open API’s. Carriers and factoring providers seeking a broker on the Epay Manager platform can simply create an account to take advantage of the available offerings.
“Combined with our existing cash flow and AI-driven freight audit products, the solution is now the most complete and compelling back-office automation and carrier payments platform in the industry,” said Owens.
Brokers, carriers, and factoring providers can learn more about the advantages of Epay Manager Powered By
Argonite Partners served as sell-side financial advisor and Armstrong Teasdale LLP as sell-side legal advisor. Harris Williams LLC served as financial advisor and Eversheds Sutherland LLP served as legal advisor to OTR Solutions.
About OTR Solutions
Founded in 2011, OTR Solutions is a full-service freight factoring and transportation technology company that leverages easy-to-use systems to provide reliable cashflow, back-office support, and operating solutions to
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SOURCE OTR Solutions