Supply Chain 3.0: The power of connected data, featuring Loadsmart

Payments in the supply chain are ripe for innovation

The supply chain industry is one of the largest in the world, yet it remains burdened by outdated processes. According to J.P. Morgan’s Payments Innovation team:

• 80% of invoices are still manually entered into finance systems.
• 50 days is the average time to clear a payment, despite N25 terms.
• 12% of employees are tied up in AR and AP processes.

This inefficiency locks up a significant amount of capital in physical documents, disconnected systems, and manual tasks.

Loadsmart + Loop = logistics payment nirvana

In this on-demand webinar, discover how Loop has revolutionized Loadsmart’s payment processes. The results are astounding:

• Days-to-Invoice (DTI) reduced: From 5 days to just 3 hours.
• Automated Invoice Approval: 75% of invoices now approved automatically, with 100% accuracy.
• Cost Reduction: 60% decrease in BPO costs.
• Uncovered Savings: $1.3M in discrepancies identified.

Watch On-Demand

This webinar is available anytime. Just fill out the form to access and learn how you can transform your payment proccesses.