Automate 99% of your AP work
Stop wasting time and money on manual workflows.
Whether you are a broker, managed transportation provider, or both, you no longer have to scale your headcount linearly with growth. Loop executes rules driven decisions from finding the carrier documents to understanding incorrect rates.
Boost your working capital
Loop’s AP automation boosts team productivity and precision. So you can reduce risk by eliminating labor redundancy and pay on time, every time.
Connect documents and TMS data
Stop flipping between screens, documents, and folders trying to get a complete picture of your load.
Manage documents and rules
Don’t try to decipher a 10 page customer standard operating procedure (SOP). Model, check, and share invoice compliance rules in Loop so you always audit accurately.
Audit rates
Invoiced costs are wrong up to 25% of the time. Automate your rate against your TMS data so you only pay what you owe.
Expedite exception resolution
Time is money, stop wasting both. Loop finds discrepancies in hours, not days, so you can resolve them quickly.
Connect documents and TMS data
Who hasn’t spent an hour trying to find the right BOL in your inbox? Your mailbox? Your texts? Your TMS? Stop digging and searching with Loop where you can house all of your shipment documents and data in one platform, regardless of source or format.
With centralized data you can easily monitor carrier performance and track your customer’s supply chain and spend. This data gives your team complete context on each load to you can streamline your value delivery.
Manage documents and rules
Loop makes document management a dream with seamless ingestion and extraction. So you always have the required documents to audit accurately and can easily search by any reference number.
For every load you need to know your carrier and customer requirements. That’s a lot of rules and documents to track to track across thousands of loads.
Loop’s custuomizable carrier and customer profiles let you define their SOPs and update them as needed. Loop takes on your document management by linking documents, ensuring compliance, and executing audits. Get your team out of tedious task work.
Audit rates
Approve 99% of invoices with no touch. Unburden your team from error-prone manual AP processes. Seamlessly integrate Loop with your TMS to get the right rates across spot, dynamically priced, and contracted loads.
Loop automated audits recudces your Days to Invoice (DTI) down to hours or minutes. This execution empowers at term Days Payable Outsanding (DPO) and an optimzed Days Sales Outstanding (DSO).
Expedite exception resolution
You know the drill, your invoice and expected costs don’t match… but you don’t know why? So begins the back and forth trying to figure it out. Stop the endless carrier emails threads.
Use Loop’s explainability to understand the issue and resolve it quickly. Easily share this data with your carriers so they continually improve their compliance. Loop helps you fix root causes, so you don’t have to address the same issue again and again.
Dig into variances between your actual and expected costs and understand the accuracy of your cost estimates. Precise cost estimates mean better financial forecasting and planning.
Improve your AP precision and speed
Logistics-AI becomes faster and more accurate with each billing decision. So you can preserve your working capital with on time DPO.
Freight document audit
Ensure you have every supporting document required to audit an invoice and that they are accurate/compliant.
Rate engine
Loop integrates with TMS based rate engines.
Linehaul + transportation rate audit
Validate that your invoice has the correct rates regardless if it’s contracted pricing, dynamic or
spot rate pricing.
Accessorial audit
Check that your invoice has the correct accessorials and associated discounts.
Service audit
Ensure your invoice has the correct services and associated discounts.
Parcel regional carrier visibility
Provide complete invoice visibility to monitor all regional carriers and identify anomalies.
Threshold variance
Determine what difference between invoiced costs and contracted costs triggers a discrepancy.
Discrepancy explainability
Explain why there is a discrepancy between the invoices and contracted costs.
Let Loop execute your AP decisions
Don’t let inefficient ops and bad decisions delay you getting paid.
Is your AP operating in the 1980s, 2000s, or 2020s?
Today’s transportation and finance teams deal with more challenges than ever but they are still managing their AP workflow THE SAME WAY they did +30 years ago.
Stop touching every payment.
Loop automates payment workflows to improve efficiency so you can save time and boost working capital by aging invoices accurately. But don’t just take it from us…
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Frequently asked questions
Unlock profit trapped in your supply chain.
Chat with our team of supply chain and automation experts to get started today.