Automate carrier payments
Improve carrier relationships and streamline global AP process with accurate, seamless freight payments. Our full-service team and flexible (including custodial) options reduce administrative costs and improve working capital.
Flexible options to balance control, speed, and admin costs
Loop offers the following three payment options to best match your business needs.
Full-service custodial payments
Our full-service, multi-currency solution where Loop manages the entire global payment process on your behalf
Loop-directed disbursement
Prioritize payment speed with our fast (T+2) solution that uses a proven PSP to orchestrate payments from your account
Self-managed payments
Receive a 100% accurate pay file, giving you full control to manage carrier relationships and execute payments
Streamline your financial operations
Managing payments for dozens or hundreds of carriers with varying terms and schedules is overwhelming.Instead of performing strategic analysis, your finance and logistics teams are stuck sorting invoices, chasing approvals, and answering an endless stream of "where is my money?" calls from carriers.
Loop eliminates this entire workload. It starts with our AI-native audit, which guarantees every invoice is 100% accurate before it's approved. From there, our flexible payment solutions provide your teams with the control, flexibility, and automation they want—or simply allow Loop’s full-service solution take care of everything for you.
Choose from flexible payment models
A one-size-fits-all approach to payments doesn't work for a complex global business. Some companies require a full-service partner to manage global, multi-currency payments to simplify their accounting. Others prioritize maximum payment speed for their domestic carriers, while some prefer to maintain direct financial control and nurture their carrier relationships themselves.
We provide a complete spectrum of choice to match your business strategy. Our custodial model is a full-service, multi-currency solution that simplifies your AP to a single batched payment. Our Loop-directed option offers maximum speed for domestic payments. And our self-managed solution provides a perfect, audited pay file for teams that want to maintain full control.
Embrace proven security & execution
Entrusting a partner with your carrier payments requires absolute confidence. When hundreds of millions of dollars are in the flow of funds, there is zero room for error. You need a partner with ironclad financial controls, decades of experience, and transparent, auditable processes.
Loop provides this peace of mind. Our payment operations are built on a proven foundation that has securely processed billions of dollars for the world's largest brands. We maintain a $50 million Employee Dishonesty Bond, hold all client funds in fully-separated accounts at major financial institutions, and are compliant with all global financial regulations, so your funds are always protected.
Win-win flexibility with Quick Pay
In a volatile freight market, your carrier relationships are a powerful competitive advantage. Paying on time is the baseline, but paying early is a strategic tool that benefits both you and your carriers. It allows you to secure "shipper of choice" status, better service, and reliable capacity, all while capturing new, tangible savings.
Available to J.P. Morgan clients, our QuickPay options create this win-win scenario. Loop makes it simple to opt-in key carriers to an early payment program in exchange for a pre-negotiated discount. Whether it's self-funded or through one of our partners, you realize immediate, new savings, while your carriers get the fast access to capital they need to run their business.
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
Automate carrier payments with seamless scheduling and customized workflows so you always pay with confidence.
Invoice change log
Track all different versions of an invoice and get full transparency into the audit and payment process.
Payment orchestration
Auto age invoice to due date and auto approve payments to be paid by your chosen process.
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.
Payment run visibility
See your full payment run details and status in the Loop Platform, providing full and always-available transparency to the payment process.
Financial confirmation logic
Create custom financial controls to pause payment runs if certain scenarios or thresholds are met, like payments exceeding a limit.
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.
Still cutting checks?
See how modern payments unlocks working capital for our customers.
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Frequently asked questions
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