Accounts Payable Automation

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.

30
min
From invoice sent to complete visibility in Loop’s platform
2
hr 
audit time
99
%
Of invoices audited and paid with no touch
50
%
Boost in back office productivity

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.

Capabilities
(est. 2021)
Digital Transformation Software
(est. 2000s)
Services Providers
(est. 1980s)
Audit execution
Logistics-AI
People
BPOs
Audit time
2 hours
5 days
weeks
AP invoice received > sending AR invoice
Same day
7 days
2 weeks
Document management
In-platform
In-platform
BPO owned
Freight document audit
Yes
Yes
Yes
Rate engine
Yes
Yes
Yes
Rate audit
Yes
Yes
Yes
Explainability
Yes
No
No
Discrepancy threshold
Yes
Yes
Yes
Explainability
Yes
No
No
Self-serve insights
Yes
Yes
No
Unified shipment billing view
Yes
No
No

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…

Loadsmart

“We were struggling to efficiently manage different payment schedules, terms, and methods. But with Loop’s automated scheduling every invoice is appropriately aged and all our payments are expedited.”

Jane Lacerda Cavalcante

Senior Product Manager

Acc Pay

Loadsmart

“We went from 100% of invoices being manually executed by the AP team, to 75% of our payments being automatically executed. Loop has been a huge help in eliminating our teams’ manual workflows.”

Jane Lacerda Cavalcante

Senior Product Manager

Acc Pay

Loadsmart

“With Loop we now have perfect shipments: where we are able to retrieve documents, categorize, audit, and approve an invoice within 13 minutes.”

Jane Lacerda Cavalcante

Senior Product Manager

Acc Pay

Loadsmart

“Loop's detailed data improves our carrier compliance so now only 9% of our invoices have issues. Loop makes our reps' lives so much easier.”

Jane Lacerda Cavalcante

Senior Product Manager

Acc Pay

Frequently asked questions

Are thresholds configurable? Can I set the rules up for auto-approvals on my own?
When issues come up with an audit, who handles them? Loop or the shipper?
Does Loop offer quick pay?
Do you support cross border payments?
How quickly do payments get released?

Unlock profit trapped in your supply chain.

Chat with our team of supply chain and automation experts to get started today.

Get Started

Unlock the profit trapped in your supply chain

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