OTR Solutions
OTR Solutions offers transportation and freight broker factoring services, along with a suite of tools and dedicated support teams to enhance operational efficiency for trucking businesses.
Services
OTR Solutions offers comprehensive transportation factoring services, including freight broker factoring and non-recourse factoring solutions. Their suite of tools comprises a client portal, mobile app, BOLT Instant Payment, fuel advances, lumper advance, and a safety score monitor. They also provide a fuel card valid at over 8,000 truck stops nationwide and the OTR Clutch premium banking solution built for truckers. Support services include a dedicated operations team and accounts receivable team, as well as API integrations for carrier onboarding, rate verification, document exchange, and A/R status retrieval.
Digital Products
OTR Solutions has developed several digital products to enhance their service offerings. These include a proprietary software from 2014 for managing factored receivables and a client portal launched in 2016 for operational visibility. Their mobile app, initially launched in 2015 and redesigned in 2021, allows customers to process invoices and access payment statuses. They also introduced BOLT Instant Payment in 2021, offering 24/7 access to factored funds. Additional digital capabilities include Epay Manager, an invoice automation and carrier payments platform.
Strategic Partnerships
In 2021, OTR Solutions partnered with DAT Freight & Analytics to provide clients the ability to find and see factorable loads. This partnership aims to streamline operations for their users, further enhancing the value proposition of OTR Solutions' services. Such collaborations underline their commitment to leveraging industry partnerships to benefit their clients.
Company History
OTR Solutions, previously known as OTR Capital, rebranded on June 15, 2022. Initially offering transportation factoring services, the company has expanded to include a variety of advanced financial tools and services, such as fuel advances, a mobile app, and the BOLT Instant Payment solution. Over the years, they have acquired Epay Manager and continually innovated to meet industry needs, emphasizing technology in their service delivery.
Initiatives and Programs
OTR Solutions places a strong emphasis on diversity and inclusion through their Diversity in Logistics initiative. The company also offers a summer internship program that provides hands-on work experience to participants. Additionally, their ELEVATE service is designed to help trucking businesses create custom web domains and branded email addresses, assisting clients in enhancing their professional online presence.