Logistics Innovator OTR Solutions Acquires Epay Manager

The acquisition adds carrier invoicing tools to OTR Solutions’ suite of logistics-focused fintech products.

Published on Feb. 06, 2024
Logistics Innovator OTR Solutions Acquires Epay Manager
Photo: Shutterstock

OTR Solutions, a freight factoring and trucking technology company, has acquired Epay Manager, a carrier payments platform for freight brokers. The acquisition expands OTR Solutions’ suite of logistics-focused fintech products and strengthens its mission to provide value-enhancing solutions to the logistics industry.

Epay Manager’s “audit-proof invoicing” system automates carrier document collection, granting brokers greater control over their financial transactions. Its integrations with transportation management systems work to reduce broker operating costs by processing invoices with more efficiency and accuracy than manual methods.

The acquisition will allow OTR Solutions to leverage Epay Manager’s integrations, enabling brokers to implement back-office automation with transparency for their carrier partners. This combination with OTR Solutions’ AI-driven freight audit products will help reduce carrier payment discrepancies, shorten the freight bill audit process and improve back-office teams’ productivity.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected]. This content is for informational and educational purposes only. Built In strives to maintain accuracy in all its editorial coverage, but it is not intended to be a substitute for financial or legal advice.

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