In today’s competitive environmental services industry, efficient financial management and strong supplier relationships are crucial for success. Ecobat, a leading environmental services provider, recognized these needs and partnered with LSQ, experts in working capital solutions, to revolutionize their financial operations.
Through this strategic partnership, Ecobat achieved remarkable improvements in cash flow management, supplier engagement, and cybersecurity measures. By implementing LSQ’s innovative solutions, Ecobat not only reduced bank fees and administrative inefficiencies but also enhanced the reliability and transparency of their financial transactions.
Explore the case study to learn how Ecobat’s collaboration with LSQ transformed their financial landscape, setting a new standard for operational efficiency and supplier satisfaction.
Challenges Faced by Ecobat
• 30-day gap between payables and receivables.
• Inconsistent payment terms across suppliers.
• Supplier frustration due to delayed payments.
• High bank fees from multiple wire transfers.
• Cybersecurity concerns in financial transactions.
• Cash Flow Optimization: Faster payments for suppliers in exchange for extended terms.
• Enhanced Supplier Engagement: Better relationships and fewer disputes.
• Cost Savings: Significant reduction in bank fees.
• Cybersecurity Improvement: Protected financial transactions.
• Operational Efficiency: Reduced administrative inefficiencies.
