Loop
Loop provides modern audit and payment solutions to enhance supply chain efficiency, offering AI-driven onboarding, cost control through spend visibility, and strategic opportunity identification via pattern and trend analysis.
Services
Loop provides modern audit and pay solutions designed specifically for successful supply chains. These services include AI-driven onboarding to reduce paperwork, streamline processes, and improve spend visibility. By stopping overpayments on invoices and cutting costs through effective transportation rate management, Loop aims to control costs and power profit for their clients. The company also focuses on reducing risk by ensuring decisions are based on accurate and connected data. Additionally, Loop’s AI technology helps identify strategic opportunities through pattern and trend analysis to maximize margins.
AI-Driven Solutions
Loop employs artificial intelligence to facilitate smoother onboarding processes by minimizing paperwork and making procedures more efficient. Their AI systems can significantly cut reconciliation time from 30 days to just 24 hours, marking an increase in back-office productivity by up to 80%. Moreover, AI enables the company to manage transportation rates and payment terms effectively, leading to an increase in revenue. The technology is also pivotal in identifying trends and patterns, which aids in strategic decision-making and maximizing profit margins.
Cost Reduction and Spend Visibility
One of Loop's primary objectives is improving spend visibility to control costs effectively. The company claims to decrease transportation spend by 2–7%, helping clients cut costs substantially. By preventing overpayment on invoices, Loop ensures more accurate financial management. The firm provides tools for better spend visibility and helps in cost control, which directly impacts the profitability of clients. These solutions are tailored to target specific roles within organizations, such as Transportation Managers, Supply Chain Executives, and Finance Managers.
Clientele and Trust
Loop is trusted by notable clients such as Great Dane, Gillig, and Primo. The company’s well-established reputation is further bolstered by its compliance with SOC 2 Type 2 and HIPAA standards. Loop's comprehensive solutions cater to the specialized needs of Transportation Managers, Supply Chain Executives, and Finance Managers, making it a preferred choice for enterprises looking to optimize their supply chain operations.
Compliance Certifications
Loop maintains high standards of security and privacy, evidenced by its SOC 2 Type 2 and HIPAA compliance certifications. These certifications underscore the company's commitment to safeguarding client data and ensuring that their solutions meet rigorous regulatory requirements. The adherence to these standards provides clients with confidence in Loop’s ability to handle sensitive information securely.