Youredi and Elavon Freight Payments Partner to Support European-based Suppliers

Youredi, a provider of data integration and analytics solutions, has announced a partnership with Elavon Freight Payment, a European subsidiary of U.S. Bank. The agreement will see Youredi provide an integrated platform through which Elavon's Europe-based customers can submit payments, invoices and shipping instructions for freight deliveries.

Travis Lachinski, Product Manager at Elavon Freight Payment, commented "the goal of this collaboration is to simplify the process for our customers. Youredi will take a proprietary invoice format from the carrier and transform it to the proprietary Elavon invoice format. This removes much of the conversion burden between the carrier and Elavon, enabling quick processing of clean invoices, which reduces operational costs for shipper and carrier alike. The European Commission continues to press the industry for higher e-invoicing adoption -- this will enable Elavon and our customers to stay ahead of the curve."

What’s exciting is that the Youredi platform sits between the bank's freight payment system and the bank's carrier customers, acting as form of "translator.” This will ensure that the two systems understand each other. Carriers send shipping invoices in their own proprietary format to the bank, which pass through the Youredi platform to be validated, enriched and transposed to a bank-specific format for payment.

For Youredi this agreement is a great step forwards for the company. Jaako Elovaara, CEO at Youredi, said “this cooperative partnership between Youredi and Elavon Freight Payment leverages the advanced design of our Integration Platform as a Service (iPaaS). The ease with which we can onboard customers and transform their data will greatly improve their efficiency. Youredi and Elavon Freight Payment have strong pedigrees in invoice and payment processing. Many of Elavon's customers already use our platform. This is what the industry needs - a simplified way of doing business."

For more information on Elavon Freight Payments visit https://www.elavonpayment.com/europe/carriers.html 

For more information on Youredi visit http://www.youredi.com/