Automate carrier payments
Pay every carrier the right amount at the right time. Loop automates your entire payment process on a foundation of audited accuracy, cutting administrative cost and protecting working capital.
Loop delivers flexible payment options that turn every payment into accurate payouts, touchless operations, and protected working capital.
Payments that run themselves
Loop organizes your payment workflow, automates the path from invoice approval to release, and helps you pay accurately and on time.
Great Dane streamlines the path from invoice to payment
Loop automates invoice audit and approval, helping Great Dane reduce manual work, strengthen payment controls, and move compliant payments forward more efficiently.
Every payment, handled your way
Verify before you pay
Loop checks each payment against your rules before it is sent, including coding, contract-matched amounts, and approval thresholds. Payments that pass continue automatically; those that don't are held for your review.
Pick your payment model
Loop supports three payment models: full-service custodial, Loop-directed disbursement, and a pay file you execute yourself. You can use different models for different carriers or regions.
Pay ahead of terms
Enroll carriers in self-funded Quick Pay to pay them ahead of terms in exchange for a negotiated discount. Enrolled carriers are paid a median of 28 days earlier.
Track every payment
Every payment carries a status and trace ID, with the full invoice history behind it. Carriers on Loop Connect can check their own payment status directly.
One freight audit workflow for every mode
Parcel, freight, ocean, air, and more all run through the same pipeline: captured, normalized, coded, checked, and paid. One data model, one place to see everything.
What people say about us
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“Loop and J.P. Morgan Payments turbocharged our freight audit and pay. With quick pay now on 21% of our FTL payments, we get meaningful margin back on every transaction.”
“Loop identified a 25% reduction in same-day shipments via LTL consolidation. This dramatically cut down the number of individual shipments and resulted in $352,832 in savings.”
“We unlocked incredible learnings in our LTL shipments, so recently we activated our truckload shipments to continue increasing financial controls. We also activated J.P. Morgan and Loop’s quick pay solution, which has been a huge competitive differentiator.”
“We use Loop to know exactly what we need to pay so we have the flexibility to decide how and when to pay it.”
Frequently asked questions
Unlock profit trapped in your supply chain.
Chat with our team of supply chain and automation experts to get started today.