The same challenges that slow the movement of goods also impact the movement of money: complex rate agreements, unplanned charges, manual paperwork, and messy data. 20% of logistics invoices have errors, and within the trucking industry, it takes truck drivers, on average 50 days to get paid.

“Loop built a platform to validate invoice accuracy so that invoices and payments can be cleared in real-time. The result is better balance sheets, improved visibility, and ultimately stronger relationships amongst shippers, carriers, and brokers.”By LOOP.

“Loop offers a payment platform purpose built for logistics to drive speed and accuracy.  By leveraging their advanced language processing software, we can better extract data from our freight documents to power a more efficient payment process.”  Kevin Foster – CTO of PRIMO

“The Loop payments infrastructure will be foundational to our business for data and payment integrity. It will help us to drive employee productivity along with material pre-audit freight savings to the customer,” said Justin Hall – CEO of PRIMO.

Connect with a PRIMO expert to learn more about our dedicated managed transportation solutions today: Hey PRIMO!