The Work Index by Flexa

Loop

Loop is an AI-powered platform that helps businesses in the transportation and logistics industry manage their spend and optimize their supply chains.

6.8

/10

Transparency ranking

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Description

Loop is a technology company focused on streamlining the movement of money in the logistics industry. Their AI-powered platform centralizes, digitizes, and standardizes shipment data from multiple sources, enabling shippers and third-party logistics providers to gain complete visibility into their transportation spend. This allows them to automate audit and payment workflows, identify and correct invoice discrepancies, and optimize their networks, ultimately unlocking profit trapped in the supply chain.

Loop's mission is to make logistics payments simpler and more efficient, reducing friction and costs for all stakeholders. Their platform uses natural language processing and computer vision to analyze complex datasets, automate tedious tasks, and deliver actionable insights. By leveraging Loop, customers can see a reduction in costs, a boost in back-office productivity, and improved carrier relationships.

Flexibility

Loop offers a flexible work environment with unlimited PTO, allowing employees to take time off as needed. They also provide generous professional development budgets for employees to enhance their skills and foster their curiosity.

Benefits

Loop offers a comprehensive benefits package that includes premium medical, dental, and vision insurance with 100% coverage for employees, unlimited paid time off, an annual wellness stipend of $1,200, a $2,000 professional development budget, a 401k program, and annual offsites at locations like Napa and Tahoe.

Enhanced parental leave

Mission

Loop is a company dedicated to unlocking profit trapped within the supply chain by simplifying logistics payments and automating tedious back-office processes. By centralizing shipment data, automating audits and payments, and providing actionable insights, Loop helps shippers and 3PLs eliminate unnecessary costs, improve spend visibility, and maximize their transportation budgets.

Automation
Data-driven
Disruptor
Soonicorn

Culture

Loop promotes a culture of innovation and collaboration, emphasizing respect for domain expertise, continuous learning, and a shared commitment to simplifying complex problems. They value positive intent and encourage team members to be proactive and take ownership of their actions with ambition and energy. The company emphasizes growth, both individually and collectively, fostering a supportive and encouraging environment where team members can learn from each other and contribute to the success of the logistics industry as a whole.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive
Transparent

DE&I

Loop values diversity and prioritizes building a culture of inclusivity. They believe their most important asset is their people, and their core values reflect how they treat each other, their customers, and everyone they interact with. These values include growing together, respecting the domain and accelerating progress, assuming positive intent, being a driver not a passenger, and finding simplicity in complexity. These values promote a culture that embraces and celebrates diversity, fosters equity in opportunities and treatment, and ensures all employees feel included and valued.

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