The C2FO India team was on hand to accept our latest honor, Procurement Technology Solution of the Year, following attendance at Inflection 2018, a Digital, Supply Chain, Logistics and Procurement Summit in Mumbai, India.
The Inflection Awards honor leaders and organizations for breakthroughs and achievements in innovation and excellence. C2FO was recognized in this category for its innovative supplier finance solution. C2FO delivers affordable early payment to suppliers at a rate they control. For customers, C2FO offers a no-risk yield and reduction of financial risk in their supply chain. Yet, unlike vendor finance or traditional supply chain finance, C2FO supports suppliers of all sizes, covering the entire spend in a supplier base. The program is on-demand for suppliers as they can determine which approved invoices they would like paid early through C2FO. Payment to suppliers comes directly from customers, with no third-party financial intermediaries, creating a direct relationship and requiring no fees or paperwork for suppliers to use the platform.
While its ease-of-use, flexibility and optionality stand alone among early payment platforms, the most significant innovation for C2FO is its unique marketplace model that blends suppliers’ variable offers to optimize the number of invoices paid early. This unique price discovery maximizes income for customers and awards early payment to more suppliers than any other solution.
As a direct, transparent and equitable solution, C2FO provides suppliers with the ability to control cash flow, and access affordable, growth-friendly funding at critical moments — or inflection points — of their business, providing India’s businesses with growth-friendly working capital they may not be able to access otherwise.
Thank you to the panel of judges and the Inflection 2018 conference for this esteemed recognition.