Lyreco delivers business solution for their suppliers with early payments through C2FO
Paris — The Lyreco Group, leading European distributor and third largest global distributor of workplace solutions for businesses, selected dynamic discounting solution, C2FO, as part of the Group’s “Working Together for Tomorrow” mission, with a focus on deepening a relationship of trust with its suppliers.
Lyreco distributes office, furniture, services, technology solutions, and personalised products across 42 countries, four continents, 9,000 employees, 12,000 products. The privately-held firm delivers 250,000 boxes daily. Now, it will deliver something new: early payment for their supply chain.
C2FO provides Lyreco suppliers with an option to be paid early by offering discounts they control on their invoices. Lyreco makes cash available to create liquidity for their suppliers. Then, the C2FO technology does the rest, matching offers with available cash to deliver early payment on approved invoices in as little as two days. The programme provides Lyreco and its valued supply chain a mutually-beneficial way to collaborate on margin improvement and sustainability.
“At the beginning of the project, the objective of Lyreco was to combine cash optimisation, strengthen relationships with business partners and simplify process. With this solution, the C2FO platform appeared as the better solution to answer all these needs. 100% web user friendly, the tool is the best way to make cash available for our suppliers at the most appropriate cost in their view. The win-win process is one of the main reasons why we have chosen C2FO” states Lyreco’s group treasury director, Estelle Bonnemaison.
The programme will be launched globally in early 2019 to support Lyreco’s diverse supply chain. C2FO offers scalability and full support for all languages and currencies. The global working capital solution provides the Lyreco Treasury team with centralized cash management. C2FO includes in-region support throughout programme launch and continuous year-over-year growth to ensure both Lyreco and its suppliers gain the most value from the initiative.
“Lyreco is a respectable global organisation that has made supplier collaboration at the heart of their mission. This new programme will significantly increase C2FO’s ability to provide needed liquidity to thousands of suppliers in the office supply vertical worldwide. We are truly excited about this partnership with Lyreco and sharing their vision of working together for tomorrow,” says Antoine Trépant, Managing Director, C2FO.