Consulting firm will support the working capital marketplace global expansion efforts.
January 13, 2015— C2FO, the world’s market for working capital®, announced today its alliance with SolomonEdwards, a privately held professional services firm focused on strategy execution. The alliance will bring SolomonEdwards’ renowned business process expertise and depth of experience in accounting and finance together with the efficiency and innovation that has made C2FO the largest working capital market in the world.
Through the partnership, C2FO will help SolomonEdwards’ clients optimize working capital by accelerating their accounts payable to their suppliers faster and with more competitive rates than they might otherwise receive through traditional short-term borrowing options. Using C2FO to accelerate cash flow is a win-win, helping to generate increases across gross margin and EBITDA for buyers and providing suppliers with the working capital flows required for their supply chain growth.
SolomonEdwards’ expertise in process optimization and project and change management along with a deep domain expertise within finance departments across the Fortune 1000 will further enrich C2FO’s industry leading implementation best practices.
“We are excited about the opportunities this partnership with C2FO will provide to our clients,” said Steve Schnoebelen, Managing Partner, SolomonEdwards Chicago. “C2FO’s unique online marketplace represents a valuable solution for our clients’ income needs and their suppliers’ working capital needs.”
“C2FO is pleased to add SolomonEdwards to our growing list of global partners,” said Dru Shiner, Chief Sales Officer, at C2FO. “SolomonEdwards is relied upon by large, global corporations across different industries to help them achieve strategic goals and manage programs that result in reduced costs and streamlined operations. This new relationship will accelerate C2FO’s market growth within SolomonEdwards’ vast network, resulting in innovative income opportunities for their clients.”
C2FO is used by major organizations around the world to increase their operating income while simultaneously producing vital working capital flows to their supply chain. The C2FO market has delivered more than $13 billion in working capital and over 80 million days of accelerated payment to companies across the globe.
C2FO is the world’s market for working capital® and risk-free profit. C2FO is the only working capital exchange that allows companies to optimize their working capital positions in a live marketplace. Companies across the globe use C2FO to increase their operating income while simultaneously producing vital working capital flows to their supply chain. C2FO is Collaborative Cash Flow Optimization. Learn more about C2FO athttps://www.c2fo.com.
SolomonEdwards is a privately held professional services firm focused on strategy execution. In everything we do, we create success for our clients by providing extensive experience, deep subject matter expertise and adaptability within ever-changing business dynamics. Through custom solutions we execute to solve clients’ critical business issues related to business transformation, accounting and finance, program and project management, governance and regulatory compliance, mergers and acquisitions, and executive and strategic communications. Our strength lies in our ability to execute initiatives through our functional and industry experts in the energy, healthcare, technology, and banking and financial services industries. Please visit www.SolomonEdwards.com.
SolomonEdwardsGroup, LLC is not a registered public accounting firm.
C2FO Media Contact:
Beatrice Broderick (US)
212.279.3115 ext. 214