CASE STUDY

Overstockart.com

Why we use C2FO

  • We are able to get a line of credit from banks, but it isn’t as cheap as C2FO.
  • Helps us manage “up front” payments for our global suppliers efficiently.
  • C2FO has credibility because our payments still come directly from our customer.

“Other working capital options are more complicated and have a longer process. With C2FO, we get results overnight.”
PRESIDENT & CEO

 

Overstockart.com was founded in 2002 as one of the earliest online galleries of hand painted oil paintings and the first to focus on art reproductions of great masters such as Van Gogh and Monet. The company is growing and C2FO has been a key partner. Their owner says, “C2FO has helped both mentally and physically. As a business owner my stress has gone down. We don’t have to wait 90 days to be paid anymore. Physically it reduces our cash conversion cycle and allows us to invest in inventory. If we are able to ship with confidence to a retailer like Amazon that will now pay us on average 22 days, it’s easier for both of us.”

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