ORLANDO, Fla., Dec. 2, 2021 /PRNewswire/ -- LSQ, a leading
provider of technology-driven working capital solutions, and Esker,
a global cloud platform and leader in AI-driven procure-to-pay and
order-to-cash process automation solutions, announced a strategic
partnership to integrate LSQ FastTrackĀ®, the accounts payable (AP)
financing (supply chain finance) and dynamic discounting platform,
into Esker's Procure-to-Pay (P2P) automation offerings.
"The synergies between Esker's industry-leading P2P automation
products automate and expedite the invoice approval process, and
LSQ's supply chain financing platform will provide affordable
financing options to all suppliers in the Esker network," said LSQ
CEO Dan Ambricio. "Taking advantage
of Esker's leading ERP integration capability also allows LSQ
FastTrack to seamlessly connect into the Esker platform, thus into
multiple ERP systems."
Steve Smith, U.S. COO of Esker,
sees the strategic partnership as a win for all buyers and
suppliers in his company's network. Further, this partnership will
help our customers unlock greater value when utilizing Esker's
global platform, allowing for critical business decisions based on
LSQ's industry-leading credit-risk monitoring to happen with ease
for our customer base.
"The LSQ FastTrack is a perfect fit for the launch of the Esker
Pay platform," said Smith. "The LSQ partnership will allow Esker
customers to offer early-pay options to their supplier base, thus
strengthening suppliers' balance sheets and serving as a key piece
of Esker Pay."
Under the terms of the agreement, LSQ and Esker will integrate
their respective platforms to allow existing Esker customers to
seamlessly implement working capital and cash management solutions
with minimal training for buyers or sellers. When combined, Esker
Pay and LSQ FastTrack create an embedded finance solution for
enrolled suppliers.
About LSQ | lsq.com
LSQ has been deploying working
capital solutions for more than 25 years, delivering more than
$25 billion to thousands of small,
medium and large enterprises. LSQ's breadth and depth of experience
across a broad range of industries enables us to deliver value
beyond capital. From manufacturing, energy, utilities and high
tech, to healthcare, retail and professional services firms, LSQ
delivers a unified platform for working capital management that can
deliver optimized liquidity and cash-flow management for any
company. Learn more about our working capital solutions at
www.lsq.com.
About Esker | esker.com
Esker is a worldwide leader in
AI-driven process automation software, helping financial and
customer service departments digitally transform their
procure-to-pay (P2P) and order-to-cash (O2C) cycles. Used by more
than 6,000 companies worldwide, Esker's solutions incorporate
technologies like artificial intelligence (AI) to drive increased
productivity, enhanced visibility, reduced fraud risk, and improved
collaboration with customers, suppliers and internally. Esker
operates in North America,
Latin America, Europe, and Asia
Pacific with global headquarters in Lyon, France and U.S. headquarters in
Madison, Wisconsin.
Media contact:
Name: Andy Cagle
Email address: acagle@lsq.com
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SOURCE LSQ Funding