Duravant2024-09-30T17:09:51+00:00

SUPPLIER PAYMENT PROGRAM

Accelerate Payment of Duravant Invoices

Get on-demand payment of invoices in as soon as 1 business day, for only a small fee per invoice. Enrollment is easy and you control which invoices are paid and when.

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PROGRAM INTRODUCTION

Introduction from Duravant

Welcome to LSQ FastTrack®. This program lets suppliers get their invoices paid early, or at new terms of their choice, by our finance partner LSQ. You only pay a small fee only if you decide to advance an invoice. This program helps our suppliers control their cash flow, reduce risk and improve payment visibility.

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PROGRAM OVERVIEW

Frequently Asked Questions

Who is LSQ?2022-09-13T17:48:26+00:00

LSQ is a leader in working capital finance and payments. LSQ has delivered over $30 billion in funding during its 25 years in business. Our platform, LSQ FastTrack allows suppliers to accelerate invoices through early payment programs and invoice financing. You can also manage customer credit and outsource invoice collections.

Can I opt-in for all invoices to be paid early?2022-09-13T17:54:18+00:00

Yes, you can enable global payments which pays all invoices automatically once they are approved.

Can I choose when I want to be paid early?2022-09-13T17:55:08+00:00

Yes, you can default early payments to new Net terms of your choice. For example, you can decide that you want to receive payment for each invoice 10, 30, or 60 days after the invoice is approved. You can also manually select invoice for on-demand early payments.

Are there fees associated with LSQ FastTrack?2022-10-18T15:27:24+00:00

A small fee is applied to the face value of the invoice when it is selected for early payment, as applicable. We use a daily decaying rate which gives you control over the fee. The closer you get to due date the less you will pay. Access your program brochure or contact LSQ to learn your specific rate. There are no other costs or fees (enrollment, minimum usage, etc.) that are associated with the program.

Does LSQ FastTrack impact credit insurance?2022-09-13T17:59:14+00:00

Depending on your policy the program could reduce the need for credit insurance since invoices are paid early.

How does LSQ FastTrack impact our credit risk?2022-09-13T17:58:40+00:00

When invoices are selected for early payment, they are paid by LSQ in as soon as 1 business day, and you close the invoice upon receipt of LSQ’s payment. From there, LSQ takes the credit risk on that invoice.

How does LSQ FastTrack compare to other financing?2022-09-13T17:58:04+00:00

The program’s rates are comparable or less than many forms of financing such as factoring, ABL, or bank lines. In addition, LSQ provides almost 100% of cash upfront and does not incur any debt. We invite you to contact LSQ to discuss costs and financing comparisons.

Can I accelerate other customers’ invoices with LSQ?2022-09-13T17:57:13+00:00

Yes, LSQ can accelerate invoices from other customers through invoice financing. Contact us to learn more.

PROGRAM BENEFITS

Get Paid on Your Terms

Sufficient cash flow is the key to keeping businesses productive and financially stable. Unfortunately, many businesses are strapped with long payment terms which limit growth and the ability to take advantage of opportunities. With the LSQ FastTrack early-payment program businesses can get the cash they need when they need it, at low costs and without taking on debt.

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Get Paid Faster

Eliminate Net terms and get paid in as soon as 1 business day from invoice approval.

Improve Cash Flow

Manage cash flow effectively, allowing for flexible forecasting and growth.

Set Payment Terms

Automate all payments and choose when you want all your invoices to get paid.

Reduce Risks

Never risk getting paid late and have cash on hand to ensure steady operations.

Expand supplier access to working capital with early payments and our easy-to-use platform – dashboard screenshot.

LSQ FastTrack Platform

Getting Paid Has Never Been Easier

Our platform is simple, intuitive, and secure. Select invoices and receive early payment electronically in as soon as 1 business day from any device.

  • Click-to-select invoices for early payment

  • Automate or set payments to new terms

  • Flexible same-day ACH payments

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How It Works

LSQ FastTrack Early-Payment Program

Diagram SCF Suppliers

Step 1

Invoice your customer as usual 

Step 2

Your customer approves the invoice(s) and uploads them to LSQ FastTrack

Step 3

Select your invoice(s) in FastTrack and get paid in as soon as 1 business day

Step 4

Your customer pays LSQ on the original payment terms

CONTACT US

Get Started With LSQ FastTrack

Have questions or want a registration link to start accelerating payments? Reach out to our supplier success team using the form below. You can also book a 1on1 meeting with our team at a time that works for you.

How Can We Help?

Book a Meeting

Schedule an online meeting with our supplier success team. We can help you get started, provide a platform demo and answer your funding and payment questions.

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Phone: (407) 955-4484
Email: [email protected]

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