LTL.com, Inc. Selects Descartes.Business Editors WATERLOO, Ontario & ATLANTA--(BUSINESS WIRE)--Nov. 20, 2002 Logistics connectivity speeds up time-to-payment for improved cash flow The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a trusted provider of logistics solutions, today announced that LTL LTL - Linear Temporal Logic .com is now leveraging DSG-TranSettlements logistics connectivity solutions. Through the addition of electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) capabilities in its software LTL.com is now able to provide its customers with an opportunity to speed up time-to-payment for improved cash flow. LTL.com, a leading provider of freight management and maintenance software, is now shipping its Windows, ASP and Web-based software, such as Mr. Load, Dr. Trucker and Freight Manager, leveraging point-and-click EDI capabilities. EDI, a part of the logistics connectivity solutions provided by DSG-TranSettlements, uses the Internet to exchange information, such as invoices and orders, with trading partners instantaneously. "The DSG-TranSettlements solution provides our customers with an opportunity to better manage their cash flow," said C.W. "Buck" Masten, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LTL. "EDI capabilities enable our users to send freight bills to trading partners over the Internet helping to speed up the time it takes for payment. In some cases, trading partners will pay an EDI invoice within 5 days while a mailed or faxed invoice may get paid in 45 days." Commented Joe Goodman, Director of Sales and Marketing at LTL.com, "Our objective has always been to provide solutions that save time and money for our clients. EDI addresses the issue of getting freight bills and invoices into the payment system immediately. We are extremely pleased to offer this solution helping our customers to speed up time-to-payment for improved cash flow." All of LTL.com's software features the ability to enter loads, compute line haul charges, assign tractors/trailers and carriers or owner-operators, print invoices, and confirm rates and bill of ladings. The fully integrated accounting features provide users with Accounts Receivable, Accounts Payable General Ledger and Payroll systems that allow the user to invoice, disburse dis·burse tr.v. dis·bursed, dis·burs·ing, dis·burs·es To pay out, as from a fund; expend. See Synonyms at spend. [Obsolete French desbourser, from Old French desborser cash, settle loads and pay personnel. LTL.com's full line of transportation software solutions for the desktop is also available in an ASP environment for companies needing real-time information in multiple offices throughout the country. About LTL.com LTL.com, Inc. (LTL) is a leading provider of freight management and maintenance software that is used to manage freight handling in the transportation market. LTL has pioneered a series of innovations in freight management software that include Mr.Load and Dr.Trucker, a full function front and back office solution for 3PL's and trucking companies, DISPATCHER Software that determines what pending tasks should be done next and assigns the available resources to accomplish it. It may execute other programs or generate a list for human operators to follow. See scheduler. , a front office solution, SECURE, security at the fields and file level, LTL-ACPAC, a financial management solution providing powerful financial management capabilities for the SME market, Maintenance.MGR Mgr 1. manager 2. monseigneur 3. monsignor Mgr abbr (= Monseigneur, Monsignor) → Mons Mgr abbr (= Monseigneur, Monsignor for small to large trucking companies that need vehicle accountability. LTL also offers integrated software for the shipper/manufacturer, owner/operator, drivers and carriers, enabling companies to easily conduct business over the Internet, managed by the desktop. For more information, visit www.ltl.com. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX)(TSX:DSG) is a trusted provider of logistics management technology. In more than 60 countries Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. |
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