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OTR Solutions has acquired Peruse Technology, enhancing its logistics-focused financial technology with advanced AI-powered document audit capabilities. This acquisition, OTR's third in two years, aims to improve document classification, fraud detection, and data extraction in the transportation industry.

The integration of Peruse's technology has resulted in a 32% reduction in cost per invoice across over 4 million invoices annually and has increased no-touch invoice processing rates to over 70%. OTR plans to leverage these advancements to further enhance service delivery and innovate its product offerings, including the Truly Instant Funding platform.