Why we use C2FO
- C2FO allows us to control our early payment rate.
- There is no auditing or mitigation risk.
- We have the flexibility to request early payment only during our month-end.
- The supplier relationship management team is a big help.
“With C2FO, we get paid 80% quicker using an annual discount rate that’s lower than our bank.”
Sennheiser was founded in 1945 and has become a leading manufacturer of microphones, headphones and wireless transmission systems. For a company that places a premium on innovation in their people and products, C2FO has been a great program. Their controller explains, “Sennheiser fuels its own growth and when we optimize our cash flow, we can continue delving into new markets and product opportunities without missing a beat.” He also added, “Since the C2FO method of getting paid early by our largest customer came along, the payment terms for that customer have been cut in half.”