OTR Solutions Freight Factoring

About OTR Solutions

Founded with the mission to support trucking companies of all sizes, OTR Solutions has grown to become one of the largest and most trusted factoring companies in the industry. OTR Solutions also boasts a comprehensive network of industry partners, most notably, DAT Load Board, which offers integrated broker checks and automated invoicing features on the industry’s largest load board for mutual customers. The company offers True Non-Recourse programs catering to small- to mid-sized fleet carriers and a customized fleet factoring solution for larger operations. OTR Solutions provides industry-leading customer service and tools, instant cash access, special fuel discounts and more to deliver ultimate value for their clients’ businesses. Plus, OTR Solutions offers the only true Non-Recourse Factoring program, enabling businesses to minimize risk while maximizing reliable capital. 

Featuring no monthly minimums, volume limits or credit restrictions for their standard factoring offer, OTR not only makes it easier to access the funds you need, when you need them most, but also allows clients to operate their businesses how they see fit. Their suite of transportation-focused solutions and wide network of affiliate partners brings valuable benefits, like fuel discounts, tax assistance, equipment financing and insurance, and load boards. OTR also offers an extensive library of trucking resources and educational materials to help their clients operate smoother and smarter overall. 

OTR Solutions Factoring Key Features

OTR Solutions provides an extensive range of services designed to enhance operational efficiency and financial stability for trucking companies, including:

• Competitive Factoring Rates: OTR Solutions offers some of the most competitive rates in the industry, making it quick and easy to convert outstanding invoices into immediate cash.
• Same Day Invoice Processing: OTR processes all invoices submitted before noon (all time zones) for payment the same day. 
• BOLT Instant Funding: Receive funding immediately upon invoice approval versus the standard overnight ACH funding option. Also available on bank holidays.
• True Non-Recourse Factoring Programs: OTR Solutions offers factoring options where they assume 100 percent of the risk, so your trucking company won’t be held responsible if a debtor doesn’t pay on a cleanly delivered invoice.
• Fuel Advances: Get up to 50 percent of a load’s payment in advance to use toward fuel or other emergency expenses when you’re on the road. 
• OTR Fuel Card: Access industry-leading discounts, featuring an average savings of $7,200 a year per truck. 
• DAT Load Board Partnership: Integrated broker checks and invoicing with the nation’s largest load board plus discounted subscriptions for new customers. 
• Dedicated Account Management: Each client receives personalized support from a dedicated account manager that can help you manage cash flow as well as offer back-office support. 
• Additional Financial Services: Includes invoicing, collections and credit checks on broker customers.
• User-Friendly Online Portal & Mobile App: The OTR Solutions portal is intuitive and easy to navigate, simplifying account management, and their top-rated mobile apps allow you to submit invoices from anywhere.

OTR Solutions Factoring Rates

When you work with a factoring company, they charge a percentage of the invoice amount to handle the collections process so you can focus on more important aspects of running your business. Many companies also tack on various fees on top of that percentage so they can promote a lower upfront cost. But with OTR solutions, what you see is what you get. 

In addition to transparent pricing, OTR Solutions is known for its competitive factoring rates, which are tailored based on things like the volume of your invoices and the creditworthiness of your clients, with rates tending to fall between one and four percent. By offering transparent and flexible pricing, OTR Solutions ensures that clients receive fair and affordable financing solutions.

OTR Solutions Portal

As part of their comprehensive freight factoring service, OTR has a robust client portal that goes way beyond simply invoice management. Featuring an integrated invoicing board that automatically syncs with your OTR operations team, you can easily:

• Create invoices plus track live updates, processing statuses and actions all in one place
• Perform instant broker checks to quickly confirm approval status of virtually any broker
• Run reports to keep tabs on your daily operations, including rate per mile, best paying lanes and more
• Monitor your safety scores every time you factor an invoice

OTR Solutions Login

Every OTR factoring client gets access to the company’s online portal as part of their factoring agreement. Once you choose OTR as your freight factoring partner, you can create an account and log in directly on their website at OTRSolutions.com. 

OTR Solutions App 

With more than a thousand nearly five-star ratings, OTR’s free mobile app is a must have for any trucking business. It enables you to:

• Submit invoices anytime, anywhere
• Track payment status from the palm of your hand
• Set payment methods like instant funding and split payments between multiple accounts
• Fund your OTR Fuel Card and find in-network locations with Fuel Finder
• Check brokers instantly, 24/7

OTR Solutions Customer Service 

OTR Solutions is dedicated to helping trucking businesses succeed, and that means having a solid support team by your side. 

Dedicated Operations Team

In addition to your personal account manager who helps oversee the back-end of your business, you’ll also be supported by a dedicated operations team to manage every step of the process and ensure you’re satisfied with your partnership with OTR. 

Accounts Receivable Team

These OTR representatives are responsible for ensuring your invoices are billed quickly and correctly to help maintain a positive relationship between you and your customers. 

Broker and Shipper Approvals

To help you scale and sustain your business, OTR solutions will properly vet and monitor new and existing customers’ creditworthiness so you can validate the most valuable partners. 

OTR Solutions Address 

Headquartered in Roswell, Ga., with an additional office in Scottsdale, Ariz., OTR Solutions prides itself on offering tailored financial solutions and exceptional customer service. 

OTR Solutions Phone Number

To contact an OTR representative, call 1-877-965-8471.

How OTR Solutions Stacks Up Against the Competition 

As one of the top-rated freight factoring companies in the industry, OTR Solutions stands out against many other top names. Here’s a look at how it compares:

OTR Solutions vs. eCapital

Both companies offer competitive freight factoring services tailored to the needs of trucking businesses, from owner-operators to fleet managers and even brokers. OTR Solutions is an industry favorite, known for its flexible terms, user-friendly online portal and excellent customer service. Like OTR Solutions, eCapital is also known for its comprehensive financial solutions and advanced technology platform, which provides real-time analytics and reporting. While eCapital offers a broad range of financial products, OTR Solutions focuses on delivering personalized and dedicated account management, acting like an extension of your business with a real investment in its success. OTR is also one of the only companies to offer true non-recourse factoring, which can be a huge benefit for independent businesses as it removes all risk on their end. 

OTR Solutions vs. Phoenix Capital Group 

OTR Solutions and Phoenix Capital Group both provide valuable factoring services. OTR Solutions stands out for its ultra-fast cash payments, exceptional customer service and intuitive online portal, making it easy for clients to manage their accounts and submit invoices. Phoenix Capital Group is a great option for fleets of all sizes, with access to fuel cards, referral rewards, equipment financing and more. Both OTR Solutions and Phoenix Capital Group are two of the few that offer non-recourse freight factoring, helping to minimize risk for businesses and brokers. But when it comes to having quick access to cash, OTR Solutions is hard to beat with most payouts made within 24 hours or sometimes even just minutes with their BOLT Instant Funding option. 

Bottom Line: Why We Love It 

Freight factoring can be the lifeline trucking businesses or brokers need to stay afloat in an industry where cash is still very much king, and OTR Solutions offers some of the most comprehensive and reliable factoring services available. With same-day and even instant funding options, you can have cash in hand when you need it most, and their competitive rates and true non-recourse programs help minimize risk while you maximize efficiency. Their dedicated account management team helps to free you up from the more mundane accounting and back-office details of running a successful business so you can focus on important areas like growth, while their user-friendly portal and free mobile app make it simple to still keep a close eye on the everyday. Added perks like DAT integration, fuel advances and discounts and other financial services help solidify the overall value of working with a trusted and reliable partner like OTR Solutions to help your business thrive.