Debt-free payment on invoices available on C2FO
Immediate funding without bank settlement delays
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Tailored financing that works with Early Pay
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C2FO powers early payment programs for the world’s largest companies.
Improve financial performance through flexible early payment options
Strengthen your supply chain with flexible funding options
Extend payment terms with supplier consent — flexibility for your business, control for suppliers
Track, compare, and optimize your working capital position across your supplier network
Optimize your working capital position with expert guidance
Implement working capital optimization strategies with expert support
Fund, onboard and integrate — with ease
C2FO’s supplier financing platform integrates with your existing AP systems in weeks, not months. Fund early payments, onboard suppliers, and connect your ERP — all from one platform built to optimize working capital and financial KPIs.
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IFC Updates
Learn more about our work with the IFC.
The New York Times, along with several other media outlets, reported on the new program.
The New York Times, along with several other media outlets, reported on a new program launched by Ford Motor Co. and C2FO to provide faster payment to the automaker’s U.S. supply chain.
The partnership will accelerate payments to cash-strapped suppliers that are struggling to survive production shutdowns caused by the coronavirus pandemic.
This excerpt is from a Thursday, May 28 article in the NYT:
DETROIT — General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.
Keeping small suppliers afloat financially is critical for the automakers as they try to restart North American factories and generate cash from sales of large pickup trucks and sport utility vehicles.
The programs pay suppliers up front for bills that typically take 40 to 60 days to settle. For many suppliers, checks for the last work done prior to the shutdown of North American auto plants arrived earlier this month, and no new payments would land until July or August.
Read more coverage on how Ford and C2FO are working together:
Reuters
U.S. News & World Report
CNBC
Daily Mail
The Guardian
Channel News Asia
Investing.com
Recent News
The collaboration will bring financing and settlement activity supporting the new C2FO Instant Pay™ solution onto the XRP Ledger, using Ripple USD (RLUSD) for settlement.
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For journalists and members of the press, please send all requests to: Brand Communications [email protected]
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