LSQ, in collaboration with Talent Solutions TAPFIN, a leading managed service provider for contingent workforces and part of the ManpowerGroup family of brands, has announced an expansion of their Qwil partnership to benefit staffing firms serving the dynamic energy industry. This collaboration enhances financial flexibility and working capital for suppliers, marking a significant advancement in streamlining payment processes within the sector.
Subtopics and Pointers:
- Qwil: Empowering Early Payments:
- Qwil, LSQ’s embedded finance solution, facilitates early payments for staffing suppliers, irrespective of original payment terms.
- Eligible suppliers gain access to expedited payments upon invoice approval, optimizing working capital liquidity.
- Flexibility and Ease of Use:
- The Qwil program, integrated seamlessly with TAPFIN, prioritizes flexibility and user-friendly features.
- Suppliers retain autonomy to accelerate payments on an invoice-by-invoice basis, tailoring funding options to their specific needs.
- Benefits for All Stakeholders:
- Qwil enrollment is complimentary for suppliers utilizing TAPFIN services, minimizing financial barriers to participation.
- TAPFIN, a leading MSP for contingent workforces and part of the ManpowerGroup family of brands, highlights the enhanced partnership effectiveness in navigating challenging payment terms, benefiting clients, suppliers, and TAPFIN alike.
- Financial Empowerment for Growth:
- Qwil’s early-payment solution complements existing credit facilities, empowering staffing suppliers to expedite business growth.
- By offering additional financial tools, Qwil contributes to the sustained growth and success of staffing firms within the energy industry.
The extension of the Qwil partnership between LSQ and Talent Solutions TAPFIN signifies a strategic advancement in financial empowerment for staffing firms servicing the energy sector. Through early-payment solutions and seamless integration, suppliers gain greater flexibility and liquidity, paving the way for accelerated growth and enhanced business resilience in an evolving economic landscape.
