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C2FO Powers Early Payment Programs for the World’s Largest Companies.
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FDJ will use the C2FO platform to optimize its cash flow and allow its suppliers to request early payment of their invoices.
Paris, France (Oct. 11, 2021) – By offering its suppliers access to the C2FO platform dedicated to cash flow optimization, FDJ enables them to be paid sooner at a lower cost. Suppliers wishing to participate in the program thus have full control over the discount rate they offer in exchange for early payment of their invoices.
C2FO’s technology is designed to be integrated with the existing management software (ERP): once accepted the discount proposed by the supplier, the invoice is automatically settled by FDJ, ensuring optimal discount rates without any modification of the existing settlement process or mode.
“This collaboration with C2FO is part of the FDJ group’s responsible purchasing approach and aims to improve the quality of our relations with our suppliers. C2FO’s technology is simple, secure and quick to implement. It allows us to work more closely with our suppliers by offering them an attractive and flexible financing solution, particularly useful in the current situation of liquidity crisis linked to the Covid-19 pandemic.”
Pascal Chaffard, FDJ group’s Deputy managing director in charge of Finance, Performance and Strategy
“We are proud to welcome FDJ among our clients and we share its vision of a responsible company that cares about its ecosystem. The C2FO platform will allow its suppliers to view all their invoices and decide which ones to accelerate at the rate of their choice.”
Antoine Trépant, Managing director of C2FO France
About FDJ GroupFDJ is the French national lottery and the French leader in gambling, the 2nd lottery in Europe and the 4th worldwide. It offers a fun, responsible and secure range of lottery games (draws and instant games) and sports betting (ParionsSport) to the general public, both in stores and online. FDJ’s performance is driven by a portfolio of iconic and new brands, the leading local sales network in France, a growing market, recurring investments and an innovation strategy to strengthen the attractiveness of its offer and distribution, with an enhanced gaming experience.
About C2FOC2FO is the world’s largest platform for working capital. We serve over one million businesses representing $10.5 trillion in annual sales across more than 180 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate®, and the C2FO platform will match your request in seconds. You can accelerate or extend AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.
C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to grow. To learn more, visit C2FO.com.
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