Interstate Billing Service
Interstate Billing Service provides outsourced accounts receivable management and financing — offering daily funding, credit, invoicing, and collections services — to 500+ commercial clients (primarily truck, auto, and equipment dealerships), backed by its $2.3 billion parent bank, Bank Independent.
- Company typePrivate
- Founded1984
- HeadquartersDecatur, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Interstate Billing Service does
Interstate Billing Service (IBS), founded in 1984 in Decatur, Alabama and operating as a wholly-owned subsidiary of Bank Independent since August 2009, is a commercial accounts receivable management and financing platform serving primarily the U.S. truck, auto, and equipment dealership ecosystem. The company provides outsourced credit management, invoicing, and collections services to over 500 client businesses managing more than 100,000 end-customer accounts, processing over $2.5 billion (recently cited at $3 billion) in annual receivables. Its core offering comprises two billing products — Non-Recourse Billing (where IBS assumes credit risk) and Recourse Billing (a factoring-style alternative) — priced as a pre-negotiated discount fee per invoice, supplemented by managed credit, invoicing, and collection services. Supporting the platform are the Customer Connect and Client Connect portals (24/7 invoice and account access) and integrations with dominant dealer management systems including Karmak, FullBay, Procede Software, Doosan Bobcat, Pluss, eBS, and Enrich.
The company's revenue model is transaction-based: clients receive funding within 24 hours of invoice submission less a pre-negotiated discount fee, with IBS bearing credit risk under the non-recourse option and the client retaining risk under the recourse option. Customer acquisition is executed through a six-region direct sales organization covering Central, North, West, South, Northeast, and Southeast U.S. territories, supplemented by inside sales, content marketing (blog, newsletter, social), trade shows, and a growing channel ecosystem of software and OEM partnerships — notably Doosan Bobcat North America (strategic OEM partnership, October 2021), Independent Truck Repair Group (GTM partnership, May 2021), Procede Software (December 2020), and Pluss Software (June 2022). IBS is differentiated from traditional factors by transparent pricing, integrated software distribution, daily funding cadence, and the balance-sheet capacity of its $2.3 billion community bank parent, which enables it to fund invoices of any size. The company also operates a dedicated IBS Industrial vertical offering 100% invoice funding within 24 hours with no reserve held, signaling measured expansion beyond the core dealership base.
Interstate Billing Service firmographics
Firmographics- Name
- Interstate Billing Service
- Legal name
- Interstate Billing Service, Inc.
- Website
- https://interstatebilling.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Interstate Billing Service provides outsourced accounts receivable management and financing — offering daily funding, credit, invoicing, and collections services — to 500+ commercial clients (primarily truck, auto, and equipment dealerships), backed by its $2.3 billion parent bank, Bank Independent.
- Ownership category
- akta.pro rank
Interstate Billing Service industry classification
Industry- Product category
- Accounts Receivable Financing
- NAICS
- Collection Agencies (56144), Sales Financing (522220)
- SIC
- Short-Term Business Credit Institutions (6153), Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB)
- akta.pro secondary industry
- Direct Debit / ACH Collections & Recurring Billing (FSAMAGAE)
Keywords
Where Interstate Billing Service is headquartered
LocationHeadquarters
- HQ city
- Decatur
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Interstate Billing Service business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Accounts Receivable Financing Fees: Fees charged on commercial invoices processed. Clients receive immediate payment for invoices (within 24 hours) less a small pre-negotiated discount fee. Non-recourse and recourse billing options available. Unlike factoring, pricing is straightforward with fewer fully disclosed fees.
- Credit Management Services: Credit management, invoicing and collection services provided as part of the A/R outsourcing package. Includes credit background checks on potential customers and ongoing credit monitoring.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Non-recourse billing - IBS assumes credit risk |
| Transaction based/ take rate | Pay-as-you-go | Recourse billing - similar to traditional factoring |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Interstate Billing Service product offering
Product offeringCore offering
Interstate Billing Service provides outsourced accounts receivable management and invoice financing for commercial businesses, primarily truck, auto, and equipment dealerships as well as parts distributors and repair shops. The company purchases client receivables and funds them via electronic deposit within 24 hours, less a pre-negotiated discount fee, and handles ongoing credit management, invoicing, and collections under both Non-Recourse (IBS assumes credit risk) and Recourse (client retains risk) billing options.
Product overview
Interstate Billing Service offers a unified accounts receivable management platform centered on its core A/R financing and billing service. The primary offering combines Non-Recourse and Recourse Billing options, where IBS handles credit management, invoicing, and collections in exchange for a discount fee on invoices. Supporting the core platform are two customer-facing portals: Customer Connect (24/7 online access for end customers to view statements and invoices) and Client Connect (for IBS clients to manage their accounts). The company also offers a standardized 30-day credit application process. Together, these products form an integrated cash flow acceleration solution for commercial businesses, particularly in the truck, auto, and equipment dealership sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- IBS Accounts Receivable Management Outsourced credit management, invoicing, and collection services for businesses with commercial accounts receivable, with same-day or next-day funding of invoices less a pre-negotiated discount fee.
- Non-Recourse Billing
Quantifiable outcome
- Client tripled revenue in four years through IBS partnership
- +3 more outcomes
Companies that use Interstate Billing Service
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles5 records
Interstate Billing Service technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature4 records
Interstate Billing Service partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major, core, strategic and minor.
- Pluss Software LLCmajorExpanded partnership announced June 2022 with Pluss Software LLC, a leading software solutions provider for the heavy-duty aftermarket industry. The partnership offers cash flow and receivable solutions to mutual customers through integrated software.
- Doosan Bobcat North AmericacoreStrategic partnership announced October 2021 between IBS and Doosan Bobcat North America, a global leader in compact equipment. IBS serves as a shared service provider offering accounts receivable management to Doosan Bobcat customers.
- iTRG (Independent Truck Repair Group)strategicStrategic partnership announced May 2021 brings specially brokered rates and rebates to iTRG members. IBS is described as an industry leader providing financial services to truck repair businesses.
- Procede SoftwaremajorStrategic partnership announced December 2020 brings mutual customers a step closer to seamless service integration. Procede Software is a leading provider of dealer management solutions for the heavy-duty aftermarket.
- KarmakmajorSoftware partner providing integrated dealer management system solutions. Karmak logo displayed on IBS partners page.
- FullBaymajorSoftware partner for truck repair shop management solutions. FullBay logo displayed on IBS partners page.
- International Factoring AssociationminorIndustry membership organization. IBS listed as member of the International Factoring Association.
- Decatur Chamber of CommerceminorLocal business chamber membership. IBS headquartered in Decatur, Alabama.
- AED (Associated Equipment Distributors)minorIndustry trade association membership for equipment distributors.
- TRALA (Truck Renting and Leasing Association)minorIndustry trade association membership for truck renting and leasing.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Interstate Billing Service competitors and assessment
Company assessmentDirect peers
- Triumph Business Capital: Triumph Business Capital is a leading factoring and A/R management provider specializing in the trucking and transportation industry, offering non-recourse and recourse billing very similar to IBS. They are one of the closest direct competitors in truck-dealer A/R outsourcing.
- Apex Capital Corp: Apex Capital is one of the largest truck-factoring companies in the U.S., providing non-recourse factoring, fuel discounts, and back-office services to trucking carriers and owner-operators. Same transaction-fee revenue model and trucking vertical focus as IBS.
- TFS Financial (Truckers Financial Services): TFS Financial provides factoring and back-office services specifically for the trucking industry, including invoice factoring and collections. Closely comparable in vertical specialization and SMB trucking customer base.
- TAB Bank: TAB Bank is a Utah-based bank offering factoring, A/R financing, and asset-based lending to trucking and SMB clients. Combines bank capital with factoring operations, structurally similar to IBS's Bank Independent relationship.
- Riviera Finance: Riviera Finance is a national factoring and A/R management company serving SMBs across multiple industries including transportation and manufacturing. Offers recourse/non-recourse factoring comparable to IBS products.
- eCapital: eCapital is a tech-enabled factoring and A/R management provider serving transportation, staffing, and SMB verticals. Combines traditional factoring with digital workflows and is comparable to IBS in product offering.
- AltLine (South Central Bank): AltLine partners with community banks to provide invoice factoring and working capital lines to SMBs. Like IBS, it leverages bank capital to fund receivables and competes for similar dealership and SMB clients.
- Currency (formerly Currency Capital): Currency is a digital factoring and financial services platform focused on small and mid-sized trucking companies, offering same-day funding and back-office tools. Directly comparable to IBS on trucking factoring.
Emerging players
- BlueVine: BlueVine is a fintech providing invoice factoring, lines of credit, and working capital to SMBs via a digital-first platform. Competes on the factoring side with IBS but targets a broader SMB base and emphasizes self-serve digital onboarding.
Others
- Karmak (Fusion Collision / Karmak DMS): Karmak is a dealer management software vendor that is an IBS technology partner. It is adjacent rather than directly competitive — IBS uses Karmak's DMS as a distribution channel, while Karmak provides the operating system for IBS's dealer clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Interstate Billing Service social profiles
Digital presenceInterstate Billing Service financial estimates
Financial estimateRevenue estimate
Valuation estimate
Interstate Billing Service leadership team
Management profileNumber of profiles
Profiles15 records
Interstate Billing Service funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Interstate Billing Service M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Interstate Billing Service
What does Interstate Billing Service do?
Interstate Billing Service provides outsourced accounts receivable management and invoice financing for commercial businesses, primarily truck, auto, and equipment dealerships as well as parts distributors and repair shops. The company purchases client receivables and funds them via electronic deposit within 24 hours, less a pre-negotiated discount fee, and handles ongoing credit management, invoicing, and collections under both Non-Recourse (IBS assumes credit risk) and Recourse (client retains risk) billing options.
Is Interstate Billing Service a public or private company?
Interstate Billing Service is a private company. It is classified as corporate owned and is currently operating.
When was Interstate Billing Service founded?
Interstate Billing Service was founded in 1984. It employs 501 to 1,000 people.
Where is Interstate Billing Service based?
Interstate Billing Service is headquartered in Decatur, United States, in the North America region.
How does Interstate Billing Service make money?
Two revenue lines are on record. Accounts Receivable Financing Fees are the primary driver. The others are credit Management Services.
Who are Interstate Billing Service's main competitors?
Direct peers on record are Triumph Business Capital, Apex Capital Corp, TFS Financial (Truckers Financial Services), TAB Bank, Riviera Finance, eCapital, AltLine (South Central Bank) and Currency (formerly Currency Capital). BlueVine is listed as an emerging player. Karmak (Fusion Collision / Karmak DMS) is listed as an others.
Does Interstate Billing Service have an API?
No public API is recorded for Interstate Billing Service.
What industry is Interstate Billing Service in?
Interstate Billing Service's product category is Accounts Receivable Financing. Its primary akta.pro industry code is BPAAAGAB, Accounts Receivable (Invoicing, Cash Application, Deductions), with a secondary code of FSAMAGAE, Direct Debit / ACH Collections & Recurring Billing. Its NAICS code is 56144 and its SIC code is 6153.