Unlocking Logistics Profits with Matt McKinney

Description

Matt Mckinney and Joe Lynch discuss unlocking logistics profits. Matt is the Co-founder and CEO of Loop, a modern transportation audit & pay company.

About Matt McKinney

Matt Mckinney is the Co-founder and CEO of Loop, a modern transportation audit & pay company. Loop's AI-driven platform removes payment friction in the supply chain to unlock margin and increase liquidity. Matt drew upon his background at Uber Freight to tackle the massive problem of building a new structure for the legacy transportation payment system that supports the global supply chain. Having studied engineering at USC and Stanford, Matt is no stranger to complex data problems. Matt's most significant achievement to date is his powerhouse engineering team, from his co-founder Shaosu Liu to several Flexport, Uber, and Meta engineers. When he's not wrangling unstructured data, you can find him running, biking, or playing with his two sons.

About Loop

Loop is on a mission to unlock profits trapped in the supply chain and lower costs for consumers. Bad data and inefficient workflows create friction that limits working capital and raises costs for every supply chain stakeholder.Loop’s modern audit and pay platform uses our domain-driven AI to harness the complexity of supply chain data and documentation. We improve transportation spend visibility so companies can control their costs and power profit. That is why industry leaders like J.P. Morgan Chase, Great Dane, Emerge, and Loadsmart work with Loop.Our investors include J.P. Morgan, Index Ventures, Founders Fund, 8VC, Susa Ventures, Flexport, and 50 industry-leading angel investors. Our team brings subject matter expertise from companies like Uber, Google, Flexport, Meta, Samsara, Intuit, Rakuten, and long-standing industry leaders like C.H. Robinson.

Key Takeaways: Unlocking Logistics Profits

Loop is a leading audit and payment platform for successful supply chains. Loop’s technology unifies supply chain and spend data that is trapped in different documents and systems so companies can control their costs and power profit.
Loop's mission is to unlock profit trapped in supply chains with their modern audit and payment platform that provides complete spend visibility, workflow automation, and transportation spend intelligence.
Loop offers a suite of services that help businesses manage their supply chains more effectively, including:

Shipment data centralization: improve spend visibility so companies can understand their true costs to reduce financial risk and improve efficiency
Audit and pay automation: increase the accuracy of workflows so companies stop overpaying and can reallocate operational teams to more strategic work.
Transportation spend intelligence: Loop’s self-serve analytics tracks trends and patterns to surface insights that reduce spend and boost working capital.

Loop's technology platform is powered by artificial intelligence and machine learning, which enables it to automate tasks, analyze data, and identify risks and opportunities.
Loop's benefits are:

Reduced costs: By identifying overpayments and inefficiency in their supply chains, businesses can save money on procurement and improve their bottom line.
Working capital: Loop increases companies' financial controls so they can properly age invoices or offer Loop’s dynamic discounting product, Quickpay
Betters decisions: Loop's platform provides businesses with a clear view of their supply chain and spend, which helps them make better decisions and manage risks.
Enhanced collaboration: Loop promotes collaboration between businesses and their suppliers/carriers.