Finance and Settlement Software

Finance Designed for Circular Commerce

Material in a circular operation changes hands, grades, and value more than once. Your finance team needs a system that supports:

Accounts and reporting set up for recovery, refurbishment, and reuse
Multi-entity and multi-currency operations
Inventory movement that reconciles with financial results
Settlements that trace back to the tickets behind them

Loop ERP keeps your settlements, your partners, and your ledger working from the same records.

Frequently Asked Questions

Everything you need to know about Loop ERP

Can Loop ERP handle large-scale operations?

Yes. Loop ERP is built on NetSuite, the same platform used by enterprise operators, multi-site businesses, and high-volume processors. It handles multi-entity accounting, consolidated reporting across locations, high daily transaction volumes, and complex settlement structures without slowing down. If you are running one site today and five next year, you do not need to replatform to keep up.

How long does it take to implement Loop ERP?

Implementation time varies, depending on the number of locations, material streams, and integrations involved (scales, cameras, payment processors, third-party logistics). The Loop ERP team handles data migration, workflow configuration, integration, and training in parallel, and we work directly with your operations leads, not just IT, so the system matches how your business actually runs on day one.

What support does Loop ERP offer?

Loop ERP provides implementation support, training for operations and finance teams, and ongoing technical support after go-live. Clients get access to documentation, how-to guides, and direct consultation with our team for troubleshooting, configuration changes, and new workflow setup. Support is handled by people who understand the difference between a ticketing issue and a grading exception, not a generic help desk working from a script.

How secure is Loop ERP?

Loop ERP runs on Oracle NetSuite, so your data lives inside enterprise cloud infrastructure with encryption in transit and at rest, role-based access, and audit logging on every transaction. Ticket edits, grade changes, and settlement adjustments all carry a user stamp and timestamp. If a record is overridden or reclassified, you can see who did it and when, which matters for disputes, audits, and internal controls.

How does Loop ERP calculate a supplier settlement?

A settlement starts from the inbound ticket, which records gross, tare, and net weight, quality, and freight. Loop ERP applies the pricing from the purchase contract or purchase order, subtracts quality or contamination deductions, and accounts for freight. The result is the final amount owed to the supplier, with every line traceable back to the ticket and contract it came from.

Do settlements post to the general ledger automatically?

Yes. Loop ERP is built inside NetSuite, so settlements post to the general ledger in real time with no import or sync. On the inbound side, the item receipt records inventory against Inventory Received Not Billed until the vendor bill posts it to Accounts Payable. On the outbound side, fulfillment recognizes cost of goods sold and invoicing recognizes revenue and receivables.

What happens to the books when material is regraded?

A regrade reclassifies material from one grade or item to another when its quality or market value changes. It reallocates value between inventory items with no net GL impact, and it keeps traceability back to the original ticket. Settlements and margin reports then reflect the material as it actually is, rather than how it was first received.

Can Loop ERP handle partners who are both suppliers and customers?

Yes. When the same company sells you material and buys from you, the netting function offsets payables against receivables so you settle one balance instead of cutting a check in each direction. Each underlying settlement and invoice stays on record, so both sides can see exactly which transactions make up the net amount.

Finance and Settlement Software for Circular Economy Operations

What It Does

What is Settlement Automation in ERP?

Key Features

Settlements for Returns, Repairs, and Offsets

Condition-Based Valuation and Revaluation

Netting for Two-Way Trading Partners

Multi-Party and Multi-Condition Billing

Credit Memo and Chargeback Automation

Partner and Customer Settlement Portals

Audit Trails on Every Financial Change

Posted Directly to the NetSuite GL

Finance Designed for Circular Commerce

Settle Faster With Numbers You Can Trust

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