On January 10, 2023, LSQ and Calculum informed they would work together to combine LSQ’s working capital and supply chain finance solutions with Calculum's data analytics and technical know-how.
The strategic partnership between LSQ and Calculum streamlines as well as combines spend and supplier analytics to find ways to improve payment terms, offer financing solutions, and reduce the risk for both domestic and international trade.
As a part of this project, LSQ will be using Calculum's web-based Ada® platform to offer data analytics and artificial intelligence (AI) and help clients negotiate and optimize better payment terms and compare themselves to their competitors.
Brittany Hooper, Director of Strategic Partnerships at LSQ expressed, "LSQ and Calculum share a common goal: to ensure the stability and enhance the efficiency of our clients' financial supply chains, while unlocking the value of their payment terms." She further stated, "The collaboration helps us further our vision and expertise in financial supply chains and offer additional insights and tools for our corporate clients to unlock working capital and improve margins."
(Source: PR Newswire)
Calculum's VP of Global Sales, Pedro Rojas, sees cooperation as crucial to helping organizations maximize efficiency, working capital, and success in today's complex, technology-driven supply chains. Adding to this, he said, "The combination of Calculum and LSQ is exponential in its impact, and we are excited to bring this to market. "Calculum brings the data insights via AI analytics and LSQ the execution platform and liquidity options," he concluded.
(Source: PR Newswire)
Management of invoices and working capital is optimized using Calculum and LSQ. These financial systems and services provide a quick return on investment, the ability to monitor everything from the point of origin to the end of the payment, and also improve supplier relationships.
About LSQ
LSQ is a well-known name in working capital financing and payment solutions. With the fastest and easiest platform, on-demand payments, and data-driven credit and risk analysis, the company helps businesses and suppliers maximize cash flow and avoid risk. The Orlando-based company pioneered working capital finance and payments solutions. For more than 25 years, it has helped thousands of businesses improve their working capital, automate and speed up payments, and reduce risk by using new technology, credit, and risk expertise. As a result, LSQ accelerates billions in corporate and supplier payments annually and simplifies access to working capital so all businesses can grow and prosper.