May 4, 2016, London — Mothercare, the leading global retailer for parents and young children, today announced the launch of a new initiative to support the financial health of its suppliers.
Mothercare will offer its suppliers a voluntary and flexible solution to request early payment of their invoices. Suppliers will have complete control over if and when they choose to participate in the programme, and also over the rate of discount they wish to offer in exchange for early payment. Mothercare is partnering with C2FO, the world’s market for working capital, to facilitate the accelerated payments.
‘Investing in the long term health of our supply chain, complements one of the key pillars in Mothercare’s six pillar strategy: running a lean organisation while investing for the future,’ said Mothercare’s Group Product Director, Karl Doyle.
‘C2FO’s simple and cost-effective working capital solution will provide our suppliers with the cash flow they need to operate their business and grow.’
Suppliers using the programme will benefit by reducing their overall cost of financing as invoice discount rates are almost always lower on C2FO’s marketplace than the alternative cost of borrowing for short-term cash. The ability to access working capital based on unique cash management needs will allow companies to invest in their growth on their own terms. The process does not require additional paperwork and is run online.
‘We are excited to support Mothercare, a company that values working collaboratively with its suppliers,” said Matt McQuillan, Managing Director at C2FO. “Mothercare joins our global dynamic discounting marketplace, where other retailers including Costco, Walgreens and Toys“R”Us are already increasing their margin while simultaneously providing vital working capital flows to their suppliers.’
About Mothercare: Mothercare is a global retailer that has been caring for parents for 50 years. With over 1300 stores in 61 countries, Mothercare provides parents and parents-to-be with everything they need in one place, offering the best quality and most innovative products, from pregnancy to 8 years.
About C2FO®: C2FO is the world’s market for working capital® and risk-free profit. C2FO is the largest working capital exchange in the world and enables companies to Name your rate™ for working capital 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 chains. C2FO is a leader in retail, industrial, manufacturing, energy, healthcare, technology, telecom and transportation sectors. C2FO is Collaborative Cash Flow Optimisation.