Accounts Receivable Factoring
Simplify your cash flow with accounts receivable factoring
Let DAT and OTR Solutions take the hassle out of receivables financing and accounts receivable factoring.
Managing unpaid invoices doesn’t have to be a challenge. With DAT and OTR Solutions—two trusted leaders in the freight industry—you can simplify accounts receivable factoring and improve your cash flow. Accounts receivable factoring allows you to turn outstanding invoices into immediate cash, helping you cover expenses, pay drivers on time, and keep your trucking business running smoothly. With expert factoring solutions, you can focus less on chasing payments and more on growing your business.
- Factor your invoices with ease through accounts receivable factoring from OTR Solutions
- Get paid in 24 hours or less with AR factoring
- Streamline your billing and collection process
Factor your invoices easily through accounts receivable factoring with OTR Solutions
Accounts receivable financing gives you fast access to the money you already earned.
Accounts receivable financing factoring through trusted DAT partner OTR Solutions lets you turn unpaid invoices into cash in under 24 hours—without waiting 30, 60, or even 90 days for client payments. This isn’t a loan or line of credit; it’s a fast, hassle-free way to access the money you’ve already earned, minus a small financing fee.
Get paid in 24 hours or less with AR factoring
Simply submit your paperwork and collect on your unpaid invoices within hours.
Accounts receivable financing through DAT partner OTR Solutions gives you greater control over your cash flow. Instead of waiting up to 90 days for unpaid invoices, you can access the funds you’ve earned in as little as 24 hours. With low-fee receivable factoring, you can cover business expenses on your terms—whether it’s taking on new freight opportunities or handling necessary repairs—without delays. Say goodbye to missed opportunities and financial roadblocks caused by waiting for invoice payments.
Streamline your billing and collection process
Accounts receivable factoring takes invoices off your hands and lets you skip chasing slow-paying partners.
Managing billing and collecting on unpaid debts is a time-consuming and complex back-office task—not to mention frustrating when all you want is the money you’ve already earned. With OTR factoring and accounts receivable services, you can hand off unpaid invoices, get cash in hand quickly, and let the experts handle collections for you. Plus, AR factoring helps your business build credit by avoiding loans or late payments.
"OTR Solutions is a wonderful company to work with. They go above and beyond to meet your needs. Everyone I have worked with has always been really nice and professional. I would recommend OTR Solutions to everyone looking for a great factoring company."
- Nicole Ives
"OTR Solutions is one of the best things that has happened for our company Sal-Trans Express, Inc. Their Customer service is of the best quality. Provide detailed explanations to all questions asked and truly always look out for their customers. Their personalized services have allowed our company to scale quickly and allowed us to make the necessary decisions for our company."
- Eduardo Salazar
Accounts receivable factoring, or AR factoring, is the process of selling an invoice or accounts receivable asset that gets you paid quickly and outsources the debt collection process to an AR factoring partner. Accounts receivable factoring companies will take on your unpaid invoices, essentially purchasing them from you for the full value of the invoice minus a small fee, then follow up with customers to make sure those invoices are paid and they earn back the money they paid you.
Factoring accounts receivable involves selling your unpaid invoices to a factoring company at a discount. The process is simple: once you deliver goods or services to your client, you submit the invoice to the factoring company. They advance a percentage of the invoice’s value—typically 80-90%—within 24 hours. The factoring company then collects payment directly from your client. Once the client pays, the remaining balance is released to you, minus a small factoring fee, giving you quick access to cash.
Selling accounts receivable is another term sometimes used to describe accounts receivable factoring companies. While all factoring receivables companies will collect on unpaid invoices, factoring rates can differ from company to company. Freight brokers and trucking companies have to look out for hidden fees and fine print that can mean you’re paying more for AR factoring than you might have bargained for.
The good news is that with DAT partner OTR Solutions there are never any fees and the rate you see is the rate you’ll pay. Plus, with no monthly minimums or volume limits you can choose exactly which invoices you want to factor and none of the ones you don’t.
Recourse factoring is a form of accounts receivable factoring where factoring receivables companies pay all or part of invoices but don’t take on any collection risk of the invoices they’ve purchased, it’s simply a temporary exchange where the customer should pay before the period is over. Though factoring fees are often lower than with non-recourse factoring receivables companies (which take on the risk of a non-paying client, not making you pay back the value of the invoice if your customer doesn’t pay—we will cover this further in the next question), if your client chooses not to pay, then you will need to reimburse all or part of the amount of your invoice.
Non-recourse receivable factoring shifts the risk of unpaid invoices to the factoring company. While all factoring companies handle collections, true non-recourse factoring ensures you won’t be liable for unpaid invoices. However, many companies claiming to offer non-recourse factoring only protect against non-payment if a broker or customer goes out of business. OTR Solutions stands out by offering genuine non-recourse factoring, meaning you keep the money you’ve earned without taking on any risk, even if a customer fails to pay.
When you’re looking into selling accounts receivable to a factoring company, you should be sure that there is no fine print that puts you on the hook for unpaid invoices or hidden fees. That’s why DAT has partnered with OTR Solutions. With no hidden fees and the only true non-recourse factoring program on the market, OTR offers AR factoring solutions you can trust.
OTR Solutions makes accounts receivable factoring easy. All you have to do is talk to one of our highly qualified experts to choose the plan that’s right for you and sign the paperwork. From there, you might need to supply a valid driver’s license, W-9, and certificate of insurance (COI). After that, simply submit your invoices and other paperwork to get paid within 24 hours.
Even better, because OTR Solutions is partnered with DAT, you’ll be able to see exactly which loads you can factor right from your load board before you even pick them up. That way you’ll know what your finances will look like before you even pull out of your driveway.
Get easy accounts receivable factoring with DAT and OTR Solutions
Get access to your own cash and simplify your back office with DAT and OTR Solutions. Two of the most trusted names in the industry, we make accounts receivable factoring simple, so you can keep cash on hand while focusing on what’s important: growing your business. Discover how factoring can help you today.