Automate carrier payments
No more setting up manual wires and payments. Let Loop pay at term every time to boost working capital.
Complete compliance on 100% of your payments.
Don’t let inaccurate, fraudulent, and risky payments drain your working capital.
Automate carrier onboarding
Easily onboard your carriers and track their factoring relationships in Loop.
Streamline payment operations
Let Loop auto-age your invoices and schedule payments to go out on time.
Offer quick pay
Improve carrier relationships and save up to 2% with Loop quick pay solutions.
Reduce payment risk
Protect your cash by having payment risks and anomalies flagged by Loop’s logistics-AI.
Automate carrier onboarding
Say goodbye managing financial relationships in email inboxes and spreadsheets. Centralize your carriers’ details and preferences in Loop by integrating with your TMS.
Simply invite carriers and their factors to get paid through Loop with easy and secure onboarding flows. Manage carrier factoring relationships efficiently so payments are never delayed or go to the wrong party.
Streamline payment operations
Managing payments for dozens or hundreds of carriers with varying terms and schedules is overwhelming. Especially if you’re initiating each individual transaction.
Schedule payments once invoices are approved to eliminate late fees. Use automation to trigger payment holds depending on your carrier performance and risk tolerance. Manage your cash by seeing when upcoming payments are going out. Be flexible with carrier requests and modify payment schedules as needed.
Offer quick pay
Free money and fast payment times? Everyone knows it’s a win-win.
With Loop you can receive, audit, approve and pay an invoice in hours. This means you can offer quick pay to your carriers options and get up to 2% back on every payment.
The best part? We offer multiple out-of-the-box solutions so you can pick the right program that fits your needs.
Reduce payment risk
Don’t jeopardize your cash by trying to execute payments quickly.
Loop lets you pay quickly and confidently. Before executing payments, Loop validates payee details by running multiple checks against your TMS, payment, shipment, and network data.
Loop automatically detects payee discrepancies. So you can easily review mismatches and determine the correct payee. Never unnecessarily or accidentally send an incorrect payment again.
Say goodbye to late fees and early payments
Loop automates carrier payments with seamless scheduling and customized workflows so you always pay with confidence.
Invoice audit
Loop automates carrier payments with seamless scheduling and customized workflows so you always pay with confidence.
Invoice change log
Track all different versions of an invoice.
Payment orchestration
Auto age invoice to due date and auto approve to send payment via ACH by generating a payment file to ERP.
Payment download
Download a spreadsheet with the appropriate payment amounts and due date to execute payments on your own.
Quick pay payment
Offer discounting with a 3rd party capital provider or self-funded to boost capital.
Quick pay management
Activate and manage Loop’s quick pay, self-funded or with 3rd party capital, with our out-of-the-box solution.
Assign factor
Update the notice of assignment and set an effective date for a given carrier. Once the effective date comes, Loop automatically switches the billing settings for that carrier.
Release factor
Upload the letter of representation and set an effective date, then determine the carrier default or assign a factor to a carrier. Once the effective date comes, Loop automatically switches the billing settings for that carrier.
Loop identifies 6% in transportation savings for GILLIG
By leveraging Loop’s platform and managed services, GILLIG has seen incredible improvements thus far in its operations and transportation management processes. Together, we’ve identified considerable opportunities, including money and time savings.
Are your payments stuck in the 1980s, 2000s, or 2020s?
Today’s transportation and finance teams deal with more challenges than ever yet they are STILL managing their payments the same way they did 30+ years ago.
Still cutting checks?
See how modern payments unlocks working capital for our customers.
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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.