Case Study: Loadsmart achieves 13-minute invoice payments with Loop

Loadsmart’s perfect 13 minute payments Reducing days to invoice (DTI) to minutes & optimizing days sales outstanding

Loadsmart, a cutting-edge logistics solutions provider, faced significant back-office challenges due to its rapid growth. Their legacy technology trapped them in manual workflows, causing delays in invoice processing and locking up working capital. To reduce their days sales outstanding (DSO), they needed to automate invoice approvals and improve data accuracy. They partnered with Loop and its logistics-AI platform to address these foundational pain points.

Loop's AI-native solution automated document processing, data extraction, and invoice auditing. This allowed Loadsmart to automatically approve 80% of invoices with 100% accuracy, reducing their days to invoice to just 13 minutes for perfect payments. The implementation with Loop resulted in a 60% reduction in outsourced BPO costs and uncovered $1.3 million in invoice issues, significantly improving Loadsmart's margin and freeing up capital.

Loadsmart

Jane Cavalcante

Sr. Product Manager - Financial Operations