Datatrac Corp., a leading software developer and wireless communications solutions provider for the delivery industry, has announced the immediate availability of eTrac Settlement,
a new Web-based Electronic Invoice Presentment and Payment (EIPP) solution that streamlines the entire billing and payment process between freight forwarders and cartage agents.
By eliminating the cumbersome and time-consuming task of manually auditing invoices, issuing checks, resolving disputes and constantly making financial adjustments, eTrac Settlement enables freight forwarders to gain control of their payment process, saving both time and money. With eTrac Settlement, invoices are paid post-audit, eliminating costly follow-up disputes and adjustments.
Cartage agents also benefit by gaining visibility to invoice status information, enabling them to address disputes in real-time, instead of waiting weeks or even months for resolution.
eTrac addresses every step in the pick-up and delivery process from order entry, to status alerts, to final invoice settlement. The new settlement functionality enables cartage agents to present invoices online and allows freight forwarders to process invoices for payment, thereby avoiding the more costly and time-consuming method of traditional paper invoicing, auditing and payment.
For more information, go to www.dtrac.com.