Estes Express Line selects Open Scan, a Division of Billtrust
RICHMOND, VA/DENVER, CO – (March 8, 2012) – Estes Express Lines, headquartered in Richmond, VA, has chosen Enterprise Receivable Process Management Software from Open Scan. Estes, a full-service freight transportation provider, offers a full range of shipping solutions including time critical, Less Than Truckload (LTL), volume & truckload, and global and custom solutions.
Founded in 1931 by W.W. Estes and still owned by the Estes family, the company has grown from a small, local carrier into one of the industry’s most respected total-solutions providers. As with most industries, the trucking industry evaluates technology investments based on two criteria: efficiency improvement and cost savings. The Open Scan solution significantly reduces operational costs and improves the overall efficiency in the receivables arena. In the wholesale business-to-business payments environment, processing payment documents is time and labor intensive. In the past, this left companies two options: hire staff or pay a bank to process the checks and documents.
Open Scan offers a solution that establishes greater control, reduced cost, and faster cash application with higher accuracy. “I’m proud to include Estes Express in our long list of truckload, LTL, and intermodal transportation providers,” said Open Scan President and CEO, Nadine Lange. “We’re happy to be the financial workflow solution provider of choice of the transportation industry.” The proven Open Scan Receivable Process Management solution automates the cash application process for carriers and electronically deposits funds. Based on a client’s needs, the system can process electronic payments and archive all payment documents electronically, utilizing mobile document capture.
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.