With C2FO, Hanesbrands manages quarter-end cash reporting across multiple business divisions without exceeding its cost of borrowing.
If you don’t wear their products, you know someone who does. Hanesbrands is a leading manufacturer of everyday basic apparel, and their impressive list of brands includes household names like Hanes, Champion, Playtex, and Wonderbra.
“We’ve been using C2FO for more than three years. As our business has grown, so has our usage of the program.”
Director of Global Accounts Receivable
As a public company, quarter-end reporting is a critical part of Hanesbrands’ overall financial strategy. Financial metrics like days sales outstanding, cash conversion cycle, and cash on the balance sheet can have a meaningful impact on the company, influencing stock price and ultimately the bottom line.
As an industry leader, Hanesbrands has a lot of choices when it comes to working capital—but traditional financing options don’t always provide the flexibility it requires.
C2FO enables Hanesbrands’ financial team to move invoice payments across quarters, increasing cash without increasing liabilities during key reporting periods.
C2FO’s flexibility also means the team can use the tool across its complex business structure in a way that is targeted and efficient as its cash flow needs change.
And the best part? They can do it all without exceeding the company’s cost of borrowing.