C2FO, the world’s market for working capital®,announced today it has signed an agreement with ULTA Beauty. The company’s supply chain will now begin utilizing the dynamic early payment marketplace.
C2FO is a simple and cost-effective solution that enables suppliers to improve cash flow on-demand at very affordable rates by requesting early payment of their approved invoices using the online marketplace. The rapidly growing market is currently used by companies including Costco, Toys“R”Us, and Walgreens and includes a network of more than one million Market Members.
C2FO has a Net Promoter Score (NPS) of 60 and overall supplier recommendation rate of 91 percent. NPS is a customer loyalty metric based on the likelihood of a customer to recommend a company’s product or services. An NPS of 50+ is considered ‘world-class’ among experts.
“We are proud to work with ULTA Beauty as we continue to expand throughout the retail sector,” said Dru Shiner, C2FO Chief Sales Officer. “Our goal is to help our clients strengthen the financial positions of their global supply chain in a live, cloud-based environment to achieve increased efficiencies in working capital management and profit.”
About ULTA Beauty:
ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. ULTA Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools. ULTA Beauty also offers a full-service salon and a wide range of salon haircare products in all of its stores. As of May 3, 2014 the Company operates 696 retail stores across 46 states and also distributes its products through the Company’s website: www.ulta.com.