Command Transportation Condenses Receivables Process Time by 75% with Open Scan, a Division of Billtrust
DENVER, CO – (March 26, 2014) – Open Scan, a privately-owned, leading-edge receivables and payables automation solutions and services provider, announced today a new case study featuring one of its customers, Command Transportation, a leading freight brokerage and shipping logistics company.
The case study examines Command Transportation’s implementation of Open Scan’s Corporate A/R Solution.
Before Open Scan, Command purchased another optical character recognition (OCR) system for its payables department. Templates took 5-10 minutes to create. By enlisting Open Scan to aid this process, creating templates now takes 5-10 seconds.
Within the first three months of implementation, Brian Rudich, Command Transportation’s CFO said, “The software itself was a slam dunk; we really saw an instant ROI.”
Command Transportation also realized the following results:
Condensed A/R processing time by 75 percent
Reduced cash application and deposit time
Increased efficiency and speed in processing electronic payments
Avoidance of bank lockbox keying costs
Increased collections data accuracy
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. For more information, visit Billtrust at billtemp.wpengine.com.