RTS Factoring
Streamline your factoring process with Vektor’s RTS integration—generate invoice batches with Rate Confirmations and BOLs, and submit directly to RTS for faster funding.
RTS Factoring Integration: Hands-Free Invoice Submissions for Trucking Carriers
Managing factoring submissions can be a time-consuming process for trucking carriers, but Vektor’s integration with RTS Financial simplifies it like never before. Using FTP (File Transfer Protocol), this integration automates the entire submission process, from uploading invoices to triggering the funding process, making it truly hands-free for carriers.
How RTS Integration Works
Vektor’s RTS integration is designed to eliminate manual effort and streamline the factoring workflow. Here’s how it works:
- Request FTP Credentials: To set up the integration, carriers need to contact their RTS account representative and request FTP credentials. These credentials are required to connect your Vektor account to RTS Financial.
- Automated Invoice Upload: Once the integration is set up, Vektor automatically generates invoice batches with all required documentation, including Rate Confirmations and Bills of Lading (BOLs). These files are securely uploaded to RTS via FTP.
- Funding Sheet Submission: After the invoice files are uploaded, Vektor automatically generates and uploads a funding sheet CSV. This funding sheet triggers the submission process on RTS’s end, eliminating the need for carriers to log in or manually finalize submissions.
With this hands-free process, carriers can focus on their operations while Vektor handles the entire submission workflow in the background.
Benefits of RTS Integration
While this integration does not include reconciliation features, it offers significant advantages for carriers:
- Truly Hands-Free Submissions: From uploading invoices to triggering the funding process, the integration automates every step, saving time and effort.
- Error-Free Documentation: Vektor ensures that all required documents, including Rate Confirmations and BOLs, are attached to each invoice, reducing the risk of submission errors.
- Streamlined Workflow: By automating the submission process, carriers can eliminate manual uploads and focus on growing their business.
Why Choose Vektor for RTS Factoring Integration?
Vektor’s RTS integration is built to meet the unique needs of trucking carriers, offering a seamless and efficient way to manage factoring submissions. Here’s why it stands out:
- Automation at Every Step: From generating invoices to submitting funding sheets, the integration handles everything automatically.
- Secure and Reliable: Using FTP ensures a secure and dependable connection for transferring sensitive financial data.
- Time-Saving Solution: By eliminating manual uploads and submissions, the integration frees up valuable time for carriers.
Getting Started
To start using the RTS integration, follow these simple steps:
- Contact your RTS account representative to request FTP credentials.
- Enter the credentials into your Vektor account.
- Let Vektor handle the rest—automating invoice uploads, funding sheet submissions, and triggering the factoring process.
With Vektor’s RTS integration, carriers can enjoy a truly hands-free factoring experience, saving time and reducing administrative burdens.
