Top 10 Benefits of Using C2FO

Your business should be using the on-demand platform for working capital. Here’s why.

What if you could control when your customers paid their invoices? It might be one of the most powerful things to ever happen to your company. On demand, you could improve your operating leverage, cash flow, metrics and so many other aspects of your operations, giving you the bandwidth to achieve new growth and efficiency. 

That’s why C2FO was created. Since 2010, we’ve helped companies of all sizes use early payment to access hundreds of billions in working capital, quickly and conveniently. 

With our platform, companies around the world can accelerate payment on their unpaid receivables when they choose, on terms that make sense for their business — all without the restrictions and frustrations that come with other forms of financing. 

1. Faster payment leads to improved operating leverage and increased cash flow

You can use C2FO’s platform to request early payment on outstanding invoices, in exchange for a small discount to your buyers. Payments can arrive in as little as 24 hours. 

On average, businesses get paid about 31 days faster when they request early payment through C2FO. For companies that are used to waiting 60 days, 90 days or longer for payment, this can be a game changer. Faster payment can provide the increased cash flow they need to pay unexpected expenses, invest in inventory and keep growing.  

Here’s what one customer wrote about C2FO:

“This company makes it easier to run our business more efficiently. Sometimes, big corporations take too long to pay. Then there’s C2FO. We need our capital here and now. C2FO makes it available in a more realistic time frame.”

2. Optimised DSO and other KPIs

Always be ready for quarter-end and year-end close. C2FO lets you pull forward outstanding receivables quickly without additional reporting or paperwork, boosting some of your most important metrics, like cash conversion cycle (CCC) and days sales outstanding (DSO).  

3. Debt-free working capital 

C2FO is almost always more affordable, another advantage over other forms of financing. 

To request early payment, your company must offer the customer a small discount on its invoice. Unlike a traditional loan, though, you won’t be stuck paying interest. You also won’t be hit with the surprise fees that some factors and other providers charge. 

4. Simple and easy to use

Just activate your C2FO account, and within a couple of minutes, you can request early payment on your first invoice. As one client put it: 

“I find that the use of this product is intuitive, efficient and easy to use. No need for a handbook on how to use the programme. (Receive a) notification through e-mail and link, sign in, proceed with three options on the discount, select and go. A notification via e-mail is received.”

5. Less paperwork, fewer roadblocks

Unlike traditional lenders, C2FO doesn’t require a massive loan application or 10 years of perfect credit. As a result, it’s much easier for companies that are newer or smaller — businesses that typically struggle to get bank loans — to access capital. 

6. Retain control of your invoices and customer relationships

When using a factor, you are selling your invoices to a third party, which you must disclose to your clients. In many cases, the factor will take the lead on collections if the invoice isn’t paid on time. There’s a risk that your relationship with your client could suffer as a result. 

C2FO is not a factor. When you use our platform, you are not selling your invoices. You’re simply asking your buyer for early payment, which C2FO facilitates. There’s no interruption in the relationship. If anything, that bond gets stronger with C2FO. 

7. More control over the size of early payment discounts

Enterprise buyers often have more leverage over the size of any early payment discounts. C2FO helps level the playing field by letting businesses decide how much they’re willing to discount an invoice. 

Users can either set the discount rate themselves or use a C2FO-recommended rate that is highly likely or even guaranteed to be approved, based on market conditions. 

Each buyer sets a target for the size of the aggregate discount it is seeking. C2FO’s proprietary algorithm determines which discount offers, taken together, will meet the buyer’s goal. Those discounts are approved for payment. 

8. A huge network of buyers

Some of the world’s largest enterprises use C2FO to offer early payment. In fact, 88 companies on the Fortune 100 are in our network. Nearly half of the Forbes Global 2000 is, too. And because we have this huge network, you have more opportunities to get paid early. 

These companies use C2FO to offer early payment because they want their partners to be financially healthy, so those businesses can continue to be valuable parts of their supply chain. In fact, you might have multiple customers on C2FO. Click here to see if any of your buyers are C2FO users. 

9. Help when you need it

Have a question about the platform? Need help solving a problem? C2FO employs a team of supplier relationship managers who can help you get the most from the platform, pointing out opportunities and strategies for optimising your discount offers. And that’s not counting our equally large, easy-to-navigate library of FAQs and user content. 

10. Increased ability to achieve your goals

When you know you can quickly increase your working capital when you need it, you’ll have more power and more confidence to pursue bigger clients, hire additional staff and help your company achieve its full potential. You won’t be at the mercy of funders that don’t understand or believe in your business.

As another customer explained:

“This is a great tool, it allows your company to think big and (tackle) those projects you wouldn’t have done otherwise. My company pays for all merchandise up front and then waits a long time before it in turn gets paid by customers. C2FO allows me to drastically reduce this time by having me collect in an acceptable amount of time.”

If you’ve been looking for a straightforward, simple way to optimise your company’s cash flow, you need C2FO. Learn more about how our Early Pay solution works and get started today.