ORLANDO,
Fla., April 9, 2024 /PRNewswire/ -- LSQ, a
leading provider of working capital finance and payments solutions,
and Talent Solutions TAPFIN, a leading managed service provider
(MSP) for contingent workforces and part of the ManpowerGroup
family of brands, today announced an expansion of their Qwil
partnership to include staffing firms serving one of the world's
largest providers of products and services for the ever-evolving
needs of the energy industry.
Qwil is LSQ's early-payment embedded finance solution for
staffing suppliers. Suppliers in eligible programs can get paid as
soon as invoices are approved, regardless of original payment
terms.
"As the economy continues to evolve and credit gets tighter,
working capital becomes more important than ever," said LSQ
Chief Operating Officer Richard
Lee. "The Qwil solution, buoyed by the ease of use
within TAPFIN, helps deliver working capital liquidity by allowing
staffing suppliers to get paid earlier."
Staffing suppliers that choose to enroll with Qwil continue to
work in the program with TAPFIN as usual but are paid by Qwil.
According to Lee, creating flexibility and ease of use were
paramount when designing the early-payment program. Suppliers can
accelerate payments on an invoice-by-invoice basis and can elect to
take all, some or none of the early funding available until the
original contract due date.
Qwil enrollment is free for all suppliers using TAPFIN to manage
their relationship with the energy company.
"TAPFIN is excited about the power that the Qwil solution
provides to our suppliers," David
Gay, Managing Director, Process Excellence at TAPFIN
said. "This enables a more effective partnership with TAPFIN to
meet our clients' needs despite what can sometimes be challenging
payment terms. The optionality that the solution provides benefits
all involved, with little to no upfront costs and minimal effort
for the suppliers, our clients, or TAPFIN."
Qwil's early-payment solution works alongside existing credit
facilities, and offers another important financial tool in the
toolkit for staffing suppliers to accelerate growth of their
businesses. More information about the program can be found on
Qwil's website.
About LSQ | lsq.com
LSQ is a market leader and pioneer
in working capital finance and payments solutions. For more than 25
years, LSQ has leveraged innovative technology, credit and risk
expertise, and proprietary data that empowers thousands of
businesses to optimize their working capital, automate and
accelerate payments, manage collections, and mitigate risk. Every
year, we accelerate billions of dollars in payments to businesses
and their suppliers through our LSQ FastTrack and Qwil platforms to
help them obtain the funds they need to grow and thrive. LSQ is
headquartered in Orlando, Florida.
Learn more at www.lsq.com.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE:
MAN), the leading global workforce solutions company, helps
organizations transform in a fast-changing world of work by
sourcing, assessing, developing, and managing the talent that
enables them to win. We develop innovative solutions for hundreds
of thousands of organizations every year, providing them with
skilled talent while finding meaningful, sustainable employment for
millions of people across a wide range of industries and skills.
Our expert family of brands – Manpower, Experis, and Talent
Solutions – creates substantially more value for candidates and
clients across more than 70 countries and territories and has done
so for more than 75 years. We are recognized consistently for our
diversity – as a best place to work for Women, Inclusion, Equality,
and Disability, and in 2024 ManpowerGroup was named one of the
World's Most Ethical Companies for the 15th time – all confirming
our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us
on LinkedIn, X (formerly Twitter), Facebook, and Instagram.
ABOUT TALENT SOLUTIONS TAPFIN
TAPFIN is a leading
managed service provider (MSP) dedicated to the innovation and
delivery of integrated workforce management solutions worldwide.
TAPFIN's customized, scalable MSP solutions for contingent and
project-based spend are instrumental in driving process,
performance, and productivity improvements across the client
organization, while providing visibility, predictability, risk
mitigation and overall cost reduction. Part of
ManpowerGroup®, TAPFIN offers a complete suite of
workforce management solutions that fully leverages a blend of
global expertise and local knowledge.
For more information, visit www.tapfin.com.
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SOURCE LSQ