Innovative Computing Corporation Receives Patent for Auditing Trucking Invoices
Brentwood, TN. – October 28, 2009 – Innovative Computing Corporation, the trucking industry’s leading and longest-standing provider of enterprise software solutions, today announced it has been granted a patent by the U.S. Patent Office for a “Method And System For Auditing Trucking Invoices.” The yet-to-be named software product will be added to Innovative’s suite of products offered to customers utilizing Innovative Enterprise Software® (IES®).
Once fully developed, the new product will gather actual and accurate data -- such as exact mileage, fuel consumption and negotiated rates -- from the carrier’s IES system and use that information to validate invoices before they are sent for factoring.
“In today’s economy, an increasing number of shippers are taking well over 60 days to pay invoices, which in turn leads many carriers to use factoring companies in order to get advance cash,” stated Ernie Betancourt, president of Innovative and named inventor of the patent. “And unfortunately, perhaps also attributed to the economy, many factoring companies are receiving fraudulent invoices. This product will put a stop to that.
“Our hope with this new offering is that factoring companies will give the customers utilizing our product a better percentage when paying out invoices. The primary goal is to get our customers a better deal.”
About Innovative Computing Corporation
Innovative Computing Corporation is a leading provider of enterprise level software and service solutions to the truckload motor carrier industry. Innovative software is available via local Systems or via the Internet. With 40 years of experience serving the industry, Innovative is installed in fleets throughout the US and Canada. Innovative's customer base includes customers ranging in fleet size from less than 10 to more than 10,000 trucks and is used to dispatch tens of thousands of trucks nationwide. Innovative Computing Corporation is a wholly owned subsidiary of BetaZone, Inc., 750 Old Hickory Blvd., Suite 290, Brentwood, TN 37027. www.innovativecomputingcorp.com
Once fully developed, the new product will gather actual and accurate data -- such as exact mileage, fuel consumption and negotiated rates -- from the carrier’s IES system and use that information to validate invoices before they are sent for factoring.
“In today’s economy, an increasing number of shippers are taking well over 60 days to pay invoices, which in turn leads many carriers to use factoring companies in order to get advance cash,” stated Ernie Betancourt, president of Innovative and named inventor of the patent. “And unfortunately, perhaps also attributed to the economy, many factoring companies are receiving fraudulent invoices. This product will put a stop to that.
“Our hope with this new offering is that factoring companies will give the customers utilizing our product a better percentage when paying out invoices. The primary goal is to get our customers a better deal.”
About Innovative Computing Corporation
Innovative Computing Corporation is a leading provider of enterprise level software and service solutions to the truckload motor carrier industry. Innovative software is available via local Systems or via the Internet. With 40 years of experience serving the industry, Innovative is installed in fleets throughout the US and Canada. Innovative's customer base includes customers ranging in fleet size from less than 10 to more than 10,000 trucks and is used to dispatch tens of thousands of trucks nationwide. Innovative Computing Corporation is a wholly owned subsidiary of BetaZone, Inc., 750 Old Hickory Blvd., Suite 290, Brentwood, TN 37027. www.innovativecomputingcorp.com