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Esker and LSQ Announce Strategic Partnership

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Editor Coda
Dec 3, 2021

Yesterday, Esker and LSQ announced a new strategic partnership.

The new relationship will see LSQFastTrack, an AP financing and dynamic discounting platform, integrated into Esker’s Procure-to-Pay automation solutions - a win for both buyers and suppliers in the Esker network.

Launched in October, Esker Pay is a set of integrated payment capabilities and Fintech partnerships designed to help companies boost cashflow using a single platform. With the addition of LSQFastTrack, customers can now maximise financing options within the end-to-end business process solution.

"The LSQ FastTrack is a perfect fit for the launch of the Esker Pay platform," said Steve Smith, US COO at Esker. "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."

LSQ CEO Dan Ambrico added "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. 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."

“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.

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