Transport companies in Trans-Baikal region optimize expenses through digital solutions
In a significant move to revolutionize the freight industry, Sberbank's digital service, OTR 'Transport', has been integrated with a large logistics platform, simplifying the search for suitable orders and increasing transport load. This integration has proven to be a game-changer for regional transport companies, offering a host of benefits that aim to enhance their operations and competitiveness.
**What is OTR 'Transport'?**
OTR (Over The Road) Capital, primarily known as a factoring company, specializes in financial services for trucking firms. By selling invoices to a third party like OTR, carriers can access immediate funding instead of waiting for payment terms to mature. Integrated with major freight platforms such as DAT’s Load Board, OTR provides immediate factoring services verified by the platform, helping carriers access capital quickly and find creditworthy loads.
**How it Benefits Regional Transport Companies**
Regional transport companies, often with smaller fleets and tighter cash flow, benefit significantly from OTR's services. The immediate funding on invoices helps maintain steady operations and pay for expenses like fuel and maintenance promptly. Additionally, integration with a large logistics platform like DAT enables regional carriers to access a broad network of freight brokers and vetted loads, increasing opportunities for profitable freight assignments.
OTR also vets orders for creditworthiness and marks them with a blue checkmark on the platform, reducing the risk of unpaid loads and fraud for regional carriers. The mobile app, a key feature of OTR's digital service, facilitates on-the-go management of factoring services, making it easier for small or regional carriers to manage their operations efficiently.
**Additional Services**
OTR offers related services such as fuel card discounts, insurance options tailored to commercial trucking, and unlimited credit checks on brokers and shippers, further supporting the financial health and operational security of regional transport firms.
**The Sberbank Advantage**
The digital service, developed on the SberBusiness platform, offers convenient business management tools, including automation of request processing, control of financial indicators, document processing, and data analysis for decision-making. Igor Tagirov, Deputy Manager of the Chita branch of the Baikal Bank of Sberbank, continues to note the effectiveness of this digital service. Roman Kovalev, an individual entrepreneur, finds the digital service effective as it has simplified daily operations, reduced bureaucracy, and increased order execution speed.
Access to analytics on the platform allows for timely tracking of market changes and flexible response to customer needs. Automation on the platform has freed up time previously spent on manual documentation and result calculation, further enhancing efficiency.
In summary, OTR 'Transport' as a digital factoring and financial service integrated with major logistics platforms provides regional transport companies with faster access to funds, vetted freight opportunities, and operational tools that help them grow and compete more effectively in the freight market. This integration minimizes financial risk and improves cash flow, crucial for the sustainability and expansion of regional carriers.
[1] OTR Capital. (n.d.). What is OTR Capital? Retrieved from https://otrcapital.com/what-is-otr-capital/ [2] DAT Solutions. (n.d.). OTR Capital. Retrieved from https://www.dat.com/solutions/otr-capital/
The integration of OTR 'Transport', a factoring company offering financial services to the trucking industry, with major logistics platforms like DAT’s Load Board, has expanded to include the realm of technology, automating business processes and enhancing efficiency for regional transport companies. This advanced integration allows for faster access to funding, safer transport orders, and real-time monitoring of market changes, thus improving competitiveness in the finance and technology-driven business sector.
By streamlining document processing, automating request and paperwork, and offering a host of complementary services such as fuel card discounts, insurance options, and unlimited credit checks, OTR 'Transport' strives to empower regional transport firms in the finance and technology-driven freight industry, ultimately contributing to their financial health and operational success.
