Benefits for Procurement
Keep Production Moving
From understanding and mitigating risk to compliance concerns and maintaining positive relationships with suppliers, keeping shipments rolling into your loading docks presents a multitude of problems for procurement departments to solve.
Enter LSQ FastTrack®. With early payments to your suppliers through a supply chain finance or dynamic discounting program, you can effectively monitor supplier health, stay at the top of their preferred buyer lists, and keep your supply chain moving.
Prevent disruption with preferred buyer status
Comprehensive reporting to monitor supplier health
Early payments for a healthier supply chain
Cost savings with discounting and third-party funding
Supplier Health
Financial health equals supply chain health
Maintaining a healthy and viable supply chain is critical to the success of any procurement department – and business, for that matter. LSQ’s working capital solutions ensure that your suppliers have access to the affordable funding they need to build and grow along with your business, all without impacting your buying power.
Fast access to affordable funding
Payment certainty for suppliers
Savings to your bottom line
improve Supplier Relationships
Stay at the top of your suppliers’ lists
Traditionally, suppliers have jockeyed to attain “preferred” status with their buyers. The tightening of supply chains has flipped that dynamic. By offering early payments through LSQ FastTrack, your company can become a preferred buyer and ensure production keeps moving when demand gets high.
Fast, predictable, and reliable payments
Reduction in DSO = happier suppliers
Ease-of-use as well as quick implementation
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