LSQ FastTrack® Expands Capabilities to Improve Access to Working Capital for More Businesses

The unified platform provides businesses with a single interface to meet their unique working capital needs. With supply chain financing and dynamic discounting, buying companies can provide their sellers with advance payments using their own balance sheet or third-party financing. With the integrated AR funding FastTrack feature, selling companies can expedite the payment of all their receivables, even if their buyers are not participating in a supply chain finance program.

“For many companies we’ve worked with we’ve found that working capital requirements aren’t as straightforward as’ we just need an AP financing solution ‘or’ we just need a solution. of AR funding “,” said Don Renyer, product manager of LSQ. “By providing a single, integrated solution for supply chain finance, AR factoring and dynamic discounting customers have a more comprehensive and efficient way to monitor and manage their cash flow and their overall financial health. “

FastTrack allows users to securely download invoices from any device to access working capital and obtain real-time credit information for their customers. Additionally, the platform automates invoice scanning – eliminating manual entry – outsources collections to the LSQ team and generates on-demand reports on invoice performance.

“By synchronizing our long history of AR financing with our supply chain financing platform – and adding dynamic discounts – LSQ is uniquely positioned to assist businesses across a wide range of credit profiles and sizes with a solution to their liquidity problems, “said Vikas shah, LSQ’s EVP for supply chain finance. “For many businesses, access to working capital is their biggest obstacle to growth and we want FastTrack to be at the center of facilitating that access.”

To help businesses better understand the working capital options available through FastTrack, LSQ has launched a new web experience with extended resources and functionality.

About LSQ | lsq.com
LSQ has been deploying working capital for 25 years, offering more than $ 25 billion to thousands of small, medium and large businesses. LSQ’s breadth and depth of experience across a wide range of industries enables us to drive value beyond capital. From manufacturing, energy, utilities and high tech to healthcare, retail and professional services companies, LSQ provides a unified platform for working capital management that can deliver optimized liquidity and cash flow management for any business. Learn more about our working capital solutions at www.lsq.com.

Media contact:
Jean Teixeira
[email protected]
407-439-0319

SOURCE LSQ financing

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