Sept. 24, 2014 Kansas City, Mo. — C2FO, the world’s market for working capital®, continues to reach new milestones and set records as major companies provide progressively more early payment directly to their suppliers through the company’s working capital marketplace. Increases in all key metrics demonstrate how fast C2FO is growing.
The C2FO Market has now delivered more than $10 billion of early cash flow since inception, which translates into immediate cash flow needs met for all companies in the marketplace. The ability to make early payment requests on demand every day is drawing increasing numbers of companies to C2FO.
“Cash flow is vital to the success of all businesses,” said John Kill, Chief Financial Officer. “Earlier this quarter we surpassed 50 million days of early payment through C2FO. Every day customers across our growing network of more than 1.2 million suppliers recognize the advantage of using C2FO to improve their working capital positions.”
C2FO has also rapidly added new buyers looking to increase operating profit and strengthen the overall health of their supply chains. Already this year more than a dozen global companies representing more than $400 billion of revenue have joined the market. As their suppliers invite the participation of their supply chains, the successive reach of C2FO can be felt by companies throughout the globe.
“While we are thrilled about the additions of new clients from the retail sector, where we have had success for years, we are also pleased to note that major leaders in manufacturing, entertainment, pharmaceutical, and technology are joining our dynamic early payment marketplace,” said Dru Shiner, Chief Sales Officer. “The rapid adoption by companies across industries and throughout the globe underscores the strength of the C2FO market.”
“The goal of C2FO is to liberate working capital around the world through a collaborative and efficient marketplace,” added founder and CEO Sandy Kemper. “The increasing rate of growth among buyers and suppliers in C2FO demonstrates the power of one of the fastest growing financial markets in the world.
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 at https://www.c2fo.com.