Esker/LSQ partner to provide strategic financing tools

In an announcement made by Esker, a global cloud platform and AI-driven process automation solutions provider has partnered with LSQ a leading provider of technology-driven working capital solutions. 

As part of the partnership, the two will seamlessly integrate LSQ’s ‘FastTrack’ supply chain financing and dynamic discounting with Esker’s Pay solution suite and Procure-to-Pay automation offerings. 

“We’ve always been proud of our rare, unified P2P and order-to-cash automation platform that now has leading payment abilities. This partnership with LSQ provides our customers with the creative, flexible financing options they need to untap future business growth,” said Steve Smith, U.S. Chief Operating Officer at Esker.

What can the blend of Esker Pay and FastTrack offer customers 

Launched in October, Esker Pay offers an extensive set of integrated payment capabilities and strategic fintech partnerships for the optimisation of cashflow in a single platform.

From today, Esker customers can leverage LSQ FastTrack alongside Esker pay for accounts payable (AP), supply chain finance, and dynamic discounting capabilities. In doing so, organisations can maximise their financing options, and gain savings.  

“When we first launched Esker Pay and announced numerous partnerships, I said that it was just the beginning. These strategic partnerships continue to strengthen our customers’ business ecosystems and spur positive-sum growth among their suppliers, customers and employees,” said Jean-Michel Bérard, CEO at Esker.

How the pandemic has impacted financing and discounting

Since the outbreak of COVID-19, Esker explains that many organisations have turned to strategic financing and dynamic discounting to help with the recovery. In order to make strategic finance decisions, organisations require real-time business data and high levels of accuracy. As a result, Esker ensures that its solution is integratable with almost every business aspect and any ERP, to provide efficiency and cost control.

By harnessing AI-driven automation of tedious business tasks, organisations can focus on the higher value and more creative aspects of their work.

“LSQ aligns with Esker’s vision of improving customers’ visibility across accounts receivable and accounts payable processes by offering a single interface – instead of stitching together vendors and scattering business data. To thrive in the future, companies must view these business processes as a unified data hub to effectively monitor and manage their financial health,” said Dan Ambrico, Chief Executive Officer of LSQ.