Fourth quarter market volume more than doubles year-over-year as supplier demand for accelerated payment increases
January 7, 2015– C2FO, the world’s market for working capital®, announced today that for the first time since its inception, the market recorded a monthly volume of $1.4 BN, concluding Q4 2014 with $2.9 BN of total volume from global suppliers. Comparatively, C2FO recorded its first billion dollar quarter at the conclusion of the 2013 fiscal year.
“This December we witnessed a 526 percent year-over-year participation rate increase, signaling a significant demand for accelerated invoice payments on the C2FO market,” said Sanjay Gupta, Chief Marketing Officer at C2FO. “Suppliers using C2FO are able to order cash from multiple buyers simultaneously, ultimately enhancing the market’s overall benefit and encouraging more frequent participation. These facts, combined with our overall Net Promoter Score (NPS) of 61 and supplier support NPS of 70, indicate that C2FO is quickly proving to be the most supplier-friendly, global working capital option,” added Gupta.
With more than $40 trillion tied up in outstanding supplier invoices across the globe, the C2FO market presents an opportunity for suppliers and their buyers to accelerate cash flow among themselves.
“The founding thesis of C2FO was that efficient and fair markets are good for all businesses,” added Kevin Daniels, Chief Product Officer at C2FO. “When you look to the world’s markets for stocks, bonds and commodities, it is understood that efficiency and value are part of a participant’s experience. We believe that C2FO is the most efficient and ethical market for cash and cash flow in the world and look forward to creating new opportunities for our supplier and buyer communities in the year ahead.”
C2FO is used by major organizations around the world to increase their operating income while simultaneously producing vital working capital flows to their supply chain. In just five years, the C2FO market has delivered more than $13 billion in working capital and over 80 million days of accelerated payment to companies across the globe.
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 http://www.c2fo.com.
C2FO Media Contact:
Beatrice Broderick (US)
212.279.3115 ext. 214