Ameriquest Inc (AMQ)

Ameriquest Inc was formed in April 2015. The Company is a provider of technology-enabled business-to-business solutions that address the financial process, procurement and asset management needs of businesses. Its business segments are Financial Process Automation (Financial Process Automation), Procurement Solutions (Procurement) and Asset Management Solutions (Asset Management). The financial process automation solutions consist of cloud-based technology offerings that automate accounts receivable and accounts payable processes for its customers, including e-invoicing, credit and collections management, working capital management and reporting analytics. These solutions are delivered through two products: The accounts receivable automation platform; and The accounts payable automation platform. The Company's procurement solutions leverage its financial process automation technology to conduct group purchasing, predominantly for goods supporting the transportation industry, enabling companies to optimize their procurement processes from sourcing through payment. The asset management solutions provides data-driven strategic planning, asset acquisition and disposition, and asset financing and usage alternatives to help businesses, in the transportation industry, to lower the total cost of capital asset ownership. Its trademarks include AMERIQUEST, AMERIQUEST TRANSPORTATION SERVICES, COR360 and ONECONNECT. The Company's customers include equipment and equipment parts distributors, resellers, and retailers; telecommunication companies; group purchasing organizations; supply chain management companies; financial services firms; and various other service organizations. The Company's competitors include MultiService Technology Solutions Inc., Genpact Limited, Ariba Inc., Basware Corporation, Bottomline Technologies, Inc., Kofax Limited, SciQuest, Inc. and ReadSoft AB; and Ryder Fleet Management Solutions.