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Loop and J.P. Morgan Payments Partner to Revolutionize Freight Payments
Slice of Finance Team
21 Jun
Key Highlights:
Boost working capital with freight payments.
Enhance carrier-shipper relationships through transparency and trust.
Leverage AI for rapid invoice approval and payment accuracy.
Join the J.P. Morgan Payments Partner Network for end-to-end solutions.
Source (Business Wire)
Notable Quotes
“Loop and J.P. Morgan Payments turbocharged our freight audit and pay. With quick pay now on 15% of our FTL payments, we get meaningful margin back on every transaction.”
“Together, we see a significant opportunity to take what was historically a sunk operational cost component for these businesses and instead help drive revenue and cost efficiency.”
“We’re excited to put the combined power of our platform and J.P. Morgan Payments’ expertise and capabilities to work on behalf of carriers and shippers to create a rare win-win.”
Our Take:
The collaboration between Loop and J.P. Morgan Payments is a pivotal development for the supply chain industry, addressing long-standing inefficiencies in freight payments. By integrating AI-driven logistics solutions with the robust financial capabilities of J.P. Morgan, this partnership not only accelerates payment processes but also enhances trust and transparency between shippers and carriers. The initiative is poised to unlock significant working capital, reduce operational costs, and provide a competitive edge in a rapidly evolving market. This strategic move highlights the critical role of innovative technology and strong financial backing in transforming traditional supply chain dynamics.