OTR Solutions

Unmatched Financial Solutions and Technology

OTR Solutions provides a suite of advanced financial services designed to give carriers instant access to working capital and a secure financial future.

Their flagship service is True Non-Recourse Factoring. This is a key differentiator in the factoring industry, as it means OTR Solutions assumes all the risk of non-payment if a broker or shipper fails to pay due to bankruptcy or insolvency. Once an invoice is approved, the carrier gets paid and keeps the money—with no chargebacks. This provides a level of financial security and peace of mind that is unmatched in the industry.

To complement their factoring services, OTR Solutions has developed BOLT Instant Funding, a proprietary payment solution that provides immediate access to funds. This service, which can be linked to a carrier's debit card, allows for instant transfers, bypassing the typical delays associated with overnight ACH or wire deposits.

The company's innovative approach extends to its technological offerings. The OTR Mobile App and web portal are all-in-one tools that allow carriers to manage every aspect of their business on the go. Users can submit invoices, track payments, run free credit checks on brokers and shippers, and monitor their account 24/7. This technology is designed to be simple and user-friendly, putting the power of financial management directly into the hands of the trucker.

A Suite of Value-Added Services

OTR Solutions goes above and beyond traditional factoring to offer a comprehensive ecosystem of tools and services that enhance a carrier's business operations and profitability.

The OTR Fuel Card is a major benefit, providing an average of $0.50 per gallon in savings at over 2,200 in-network locations. These savings can amount to an average of $600 per truck, per month, significantly reducing one of a trucker's largest operating expenses. The company also offers fuel advances and lumper advances to ensure carriers always have the cash they need to keep moving.

For those looking to grow their business, OTR Solutions' partnerships and back-office support are invaluable. They have a dedicated Operations Team that handles all billing and collections, freeing up a carrier's time to focus on driving and finding new loads. This team is known for its exceptional customer service and responsiveness, with a strict "no voicemail" policy that ensures clients can always speak to a live representative. OTR also integrates with platforms like DAT, providing carriers with the tools to find loads and verify a broker's creditworthiness before booking.

OTR Solutions' Unique Differentiators

OTR Solutions sets itself apart from the competition by focusing on a few core principles that directly benefit the trucking community.

True Non-Recourse Factoring: As the only company to offer this level of chargeback protection, OTR Solutions provides unparalleled financial security. This means a carrier's earnings are safe from unexpected financial losses, even if a broker goes out of business.

Innovation and Technology: The OTR Mobile App, with features like BOLT Instant Funding and free broker credit checks, is a testament to their commitment to making a trucker's life easier. They continuously develop new tools, like their OTR Clutch banking solution, to provide a holistic financial platform tailored specifically for the trucking industry.

Dedicated Support: The company's focus on building personal relationships is evident in their customer service model. A dedicated operations team and a no-voicemail policy ensure that every client receives prompt, professional, and personalized support.

Conclusion: A Partner for Success

OTR Solutions is a premium freight factoring company that offers far more than just quick cash. They provide a comprehensive, technology-driven platform designed to minimize risk and maximize the profitability of trucking businesses. With their unique True Non-Recourse Factoring program, innovative tools, and dedicated back-office support, OTR Solutions positions itself as a true partner in a carrier's journey. For truckers seeking financial stability, risk mitigation, and a streamlined approach to business management, OTR Solutions is a compelling and reliable choice.