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Innovative scores patent for factoring software

Published Wednesday, October 28, 2009

As fleets use factoring companies more and more, the need for accurate information to transmit is increasing. To solve this problem, Innovative Computing Corp. applied for and received a patent for a “method and system for auditing trucking invoices.” The patent for the as-yet-unnamed software gives Innovative a proprietary product that will gather actual and accurate data, such as exact mileage, fuel consumption and negotiated rates, from a carrier’s Innovative Enterprise Software (IES) system and use that information to validate invoices before they are sent out to a factoring company. “In today’s economy, an increasing number ...

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