Why we use C2FO
- C2FO gives us full control to select the receivables we want at our desired rate.
- We are able to balance our liquidity during our seasonal business cycles.
- We save 200 to 300 basis points over factoring.
“C2FO mitigates financial distractions and enables us to focus on manufacturing our products.”
CHIEF FINANCIAL OFFICER
Mignone, USA is a girls clothing manufacturer. The privately held company was started in a garage more than 30 years ago. Today they are a global operation doing business with many of the largest retailers in the world. In 2014, dress orders for Costco and Nordstrom alone totaled nearly 750,000 units. “Now that we use C2FO, our cash flow is very consistent. We can cut more dresses, establish ongoing inventory and fulfill more orders than ever before,” said Mignone’s CFO.