SHILOH INDUSTRIES SIGNS ON U.S. BANK’S POWERTRACK

SHILOH INDUSTRIES SIGNS ON U.S. BANK’S POWERTRACK

   Shiloh Industries has picked U.S. Bank Corporate Payment Systems’ electronic freight transportation payment system, PowerTrack.

   The Ohio-based manufacturer of metal products for the automotive and heavy truck industry said PowerTrack will reduce costs, increase efficiency and make payment data readily available among its five manufacturing plants.

      PowerTrack and its electronic bill presentment and payment tools enable invoice payments within three business days after approval and service completion, while maintaining a traditional 30-day float period for the buyer.

      U.S. Bank Corporate Payment Systems introduced the system in 1998. There are more than 9,500 individual PowerTrack users at more than 1,300 locations around the country.