17 May 2018 – C2FO, the world’s largest provider of non-bank funding, has been awarded as Best New Procurement Technology at the World Procurement Awards 2018 by Procurement Leaders.
“We are honored to be chosen as the winner of this award,” said Colin Sharp, C2FO SVP EMEA. “It means so much to us that our solution is delivering value to our customers, both buying organizations and businesses across all tiers of their supply chains,” added Sharp.
C2FO was chosen amongst 12 other finalists for its category. The Best New Procurement Technology Award recognizes companies that have developed innovative, technology-driven solutions that enable procurement teams to deliver more value to their companies.
The award criteria includes evaluation of on-time delivery, value for money, and quality of product. C2FO earned this recognition for its unique marketplace approach that empowers suppliers to offer a discount they choose to their customers, in exchange for early payment, on demand. Suppliers take control of cash flow while their customers increase margins, and improve their bottom line and supply chain relationships. A direct and transparent approach, C2FO dynamically prices the value for early payment in real time.
As a result, C2FO creates higher levels of supplier participation and satisfaction than conventional and sliding-scale discount programmes while generating margin improvement and more affordable early payments to suppliers than any competitive solution. The solution offers ease-of-implementation and requires no additional headcount or process changes for procurement teams.
The 12th annual award ceremony took place at the Intercontinental in London and brought together over 1,000 global procurement leaders. The Procurement Leaders Awards recognize the best procurement projects, people, and organizations across the world, affirming the hard work, innovation, and dedication of those at the forefront of this dynamic, global profession. C2FO thanks the judges and congratulates all the finalists and award winners on their passion, excellence, and innovation.
About C2FO®: C2FO is the largest working capital marketplace in the world. Companies across the globe use C2FO to improve their financial position every day. C2FO is a leader in retail, industrial, manufacturing, energy, healthcare, technology, telecom, and transportation sectors. Learn more about C2FO and the businesses who use it.