CASE STUDY

HanesBrands

With C2FO, Hanesbrands manages quarter-end cash reporting across multiple business divisions without exceeding its cost of borrowing.

If 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

The Challenge

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.

The Solution

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.

More stories from C2FO customers

REI

With C2FO, REI gives its vendors an attractive working capital option and paid back its one-year investment in less than seven months. REI is a national outdoor retailer on a… Read more

Ulta Beauty

With C2FO, Ulta Beauty strengthens vendor partnerships, eliminates manual discounting processes, and generates more income. Ulta Beauty is a U.S. beauty retailer with 700+ locations nationwide. Committed to providing consumers… Read more

Do it Best

With C2FO, Do it Best generates better returns on short-term cash, enabling the co-op to increase member rebates without adding headcount. Do it Best Corp. is the only U.S.-based, member-owned… Read more
All articles loaded
No more articles to load