Averitt Express Selects Open Scan, a Division of Billtrust
COOKEVILLE, TN/DENVER, CO – (October 20, 2011) – Averitt Express, a leading provider of freight transportation and supply chain management with an international reach of more than 100 countries, is the newest user of Open Scan’s Receivables Process Management (RPM) Software. Averitt specializes in delivering customized solutions with one source of accountability for service offerings, including cross border/domestic offshore, expedited, dedicated, intermodal, international ocean/air, local customization, less-than-truckload, PortSide®, transportation management, truckload (dry van, flatbed, and brokerage), and warehousing. Its value-added services include a centralized call center, strict performance metrics, and ongoing green/sustainability efforts. Technology offerings from Averitt include a full suite of web-based shipping tools, Electronic Data Interchange (EDI), and transportation and operations management systems. Accounts receivable process management tends to be costly and time consuming. Traditional approaches typically do not leverage today’s technology advancements, thus creating overall process inefficiencies. Open Scan’s solution provides Averitt Express the ability to:
Reduce total operational costs.
Gain process control.
Increase hit rate accuracy.
Boost cash application speed.
Automate deduction identification and coding. Integrate payment workflow.
Improve efficiency and timeliness of collections activity.
Headquartered in Hamilton New Jersey, Billtrust is the premier provider of automated invoice-to-cash solutions. Billtrust integrates three key areas of the invoice-to-cash process: presentment, payment, and cash application, helping its clients connect with their customers and cash while strengthening their revenue and cash flow. Working with more than 1,200 North American businesses across B2B and B2C markets, Billtrust’s comprehensive offerings help its clients solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels.