OTR Solutions Acquires Peruse Technology for Enhanced AI Document Automation in Logistics
OTR Solutions has acquired Peruse Technology, an AI-driven document audit automation tool designed for the transportation and logistics sector. This acquisition marks OTR's third in two years, aimed at improving document classification, audit, and fraud detection processes. The technology has enabled OTR to reduce costs per invoice by 32% and increase no-touch invoice processing rates to over 70%. OTR plans to integrate Peruse's capabilities into its offerings, enhancing service delivery and client relationships.
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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.
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