Iron Data
Ensure all Carrier invoices are paid within agreed upon terms and within 24 hours of funding by the Client. Note – Iron Data does not support the “float” model. Segregated bank accounts are established in advance. Any incidental interest generated accrues directly to the Client. For clients who want to remit payment through their own organization, Iron Data transmits an electronic file that only includes invoices that have been approved for payment. This file can be customized to interface directly with your AP platform. We have integrated directly into Oracle, SAP, PeopleSoft, legacy and many other ERP platforms for many of our clients.
Features
Benefits
Value Proposition
| Consolidates multiple payments to one carrier into one master payment. | Avoids cutting numerous checks to the same carrier based on numerous accounts in existence. |
| Offer “no float” model only. | Any and all interest accrues to Client. Client retains cash until invoice terms are met. |
| Payments released based on agreed upon carrier terms and within 24 hours via ACH/wire. | Allows for the opportunity to negotiate with the carrier on tariff discounts versus payment timeframes. |
Savings can range from $5.00 to $10.00 per invoice depending on the number of accounts in existence.
Interested in what Carrier Payment & Disbursement can do for you? Email our business development team at ROI@irondata.com or phone 800.755.0110
Literature
Carrier Payment & Disbursement Fact Sheet (PDF)
Carrier Payment & Disbursement Fact Sheet (PDF) Different clients have different needs so Iron Data provides two service offerings for bill payment.
Interested in what Carrier Payment & Disbursement can do for you? Email our business development team at ROI@irondata.com or phone 800.755.0110
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