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Payables

The payables module makes it easy to accurately pay for logistics services. It is designed for shippers, consignees, brokers, forwarders, and 3PLs.

Configuration​

Freight audit requires configuration of the rates module. If freight audit is not used, the rates module does not need to be configured.

Lifecycle​

The payable invoice lifecycle starts with ingesting invoice and shipment data and ends with issuing payment. Each step is configurable, and some steps are optional. For example, the audit step can be skipped entirely, and approved line item amounts can be exported to an external payment system instead of issuing payment through Loop.

  • Ingest shipment and invoice data, creating normalized payable invoice and shipment job entities.
  • Rate the shipment job using the rate engine to calculate expected cost.
  • Audit the invoice by comparing actual to expected cost.
  • Based on audit findings, review and either approve or dispute the line items on the invoice.
  • Release approved line items for payment.
  • Initiate payment for released line items based on a payment schedule.

Ingesting shipment and invoice data​

Loop can ingest external shipment and invoice data through email attachments, EDI integrations, or pulling from external APIs. Loop's API can also receive information directly as structured payable invoice and shipment job entities.