LSQ enters financial partnership with Ecobat

LSQ, an Orlando, Florida-based provider of working capital and payments management solutions, has announced a strategic supply chain finance partnership with Ecobat, a Dallas-based provider of sustainable energy solutions.

The companies say they hope the partnership will bolster supplier health and generate vital working capital for Ecobat.

Ecobat has decades of experience recycling and producing lead-acid battery materials and is applying its global capability, infrastructure and market knowledge to recycle lithium-ion battery materials.

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“Our collaboration with LSQ has been instrumental in transforming our vendor relations and strengthening our financial position,” says Carter Johnson, senior manager of procurement at Ecobat. “Through innovative strategies and early payment options, LSQ has played a crucial role in safeguarding the health of our suppliers and driving sustainable growth.”

For Ecobat Vice President and Treasurer Scott Paredes, providing flexibility to suppliers while generating working capital and providing cost savings are paramount to the success of the supply chain finance program.

“Providing early-payment options for suppliers was first and foremost for us in creating a supply-chain finance program,” Paredes says. “Giving them the option to get paid within one day for their invoices makes us a partner in their growth.

“The bonus is that we have been able to standardize terms, generate working capital for Ecobat and reduce costs by using LSQ’s payment automation and consolidation.”

Ecobat says its decision to select LSQ as its supply chain finance provider was based on the proven security of the LSQ FastTrack platform in safeguarding sensitive financial data.

“Security is paramount in today’s digital landscape, and our partnership with Ecobat is founded on a shared commitment to data protection and privacy,” Paredes says. “By implementing state-of-the-art security protocols, we ensure the highest level of confidence and trust in our financial solutions.”

Amarish Kapadia, vice president of working capital solutions for LSQ, adds, “We greatly appreciate the faith Ecobat has placed in LSQ. Our collaboration with Ecobat exemplifies LSQ’s commitment to driving financial excellence and fostering mutually beneficial relationships. By leveraging our expertise in working capital solutions, we feel we’ve empowered Ecobat to achieve remarkable results in supplier relations and financial operations.”