Loop

Loop is on a mission to unlock profits trapped in the supply chain and lower costs for consumers. Bad data and inefficient workflows create friction that limits working capital and raises costs for every supply chain stakeholder.

Partner product overview

Loop's modern audit and pay platform offers comprehensive solutions for both shippers and 3PLs to manage costs and automate workflows.

For shippers, Loop provides tools to improve cost management, prevent carrier invoice overpayment, and optimize transportation spend. Key functionality includes unifying shipment and invoice data, automating audit and pay workflows, and providing savings opportunities through analytics and scenario planning.

The 3PL solution focuses on automating AP and AR workflows, enabling teams to decrease DSO (Days Sales Outstanding). It empowers 3PLs with better data access, offloading tedious back-office tasks so they can focus on building stronger customer and carrier relationships.

The standout feature across both solutions is Loop's quick pay offering, powered by a partnership with J.P. Morgan Payments. This collaboration helps boost working capital through optimized freight payments while facilitating stronger relationships between carriers and shippers, built on speed, transparency, and trust. Together, Loop and J.P. Morgan can offer market-leading financing rates.

Quick pay allows shippers and 3PLs to offer carriers same-day payment in exchange for a small invoice discount, creating a win-win scenario:

  • Carriers improve cash flow with faster payments.
  • Shippers/3PLs receive rebates and/or extend payment terms.

This innovative solution optimizes working capital, generates new revenue streams, and strengthens relationships.

Benefits with J.P. Morgan

Shippers - Be the shipper of choice

  • Make business easy for your carriers.
  • Pay the right amount, on time.
  • Give carriers a choice

 

Carriers - Get paid same day

  • Choose how, when you get paid.
  • Access market competitive rates.
  • Say goodbye to 3-5% freight factoring fees.

Solution availability

  • NAMR

Loop unlocks profits trapped in your supply chain. Our modern audit and pay platform uses domain-driven AI to provide complete spend management so companies can control costs, automate workflows, and power profit.