OTR Solutions Acquires Key AI Technology to Advance Document Automation and Fraud Prevention Capabilities in Transportation and Logistics
· Source: globenewswire.com
In short
OTR Solutions has acquired Peruse Technology, Inc., an AI-powered document audit automation platform specifically designed for the transportation and logistics industry. The technology enables advanced document classification, fraud detection, and data extraction capabilities, resulting in a 32% reduction in cost per invoice across more than 4 million invoices annually. The acquisition strengthens OTR's position in logistics-focused financial technology and enhances automation capabilities across its carrier, broker, and factoring platforms.
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Tags: document-automation, fraud-detection, freight, acquisition, fintech, logistics