C2FO Chosen by Experian to Support its Suppliers

Published 

Experian has partnered with C2FO, the world’s leading online marketplace for working capital, to deliver the Experian Early Payment Programme. This programme, which is currently being rolled out, supports liquidity needs of Experian suppliers through the Coronavirus pandemic.

The C2FO platform enables suppliers to view their outstanding invoices and offer a discount rate to accelerate the payment before due dates. This programme allows suppliers to be in complete control so that they can determine which invoices to discount, and, through the acceleration of liquidity support, suppliers can purchase more inventory or equipment, expand operations, and invest in their employees.

C2FO’s technology is straightforward as it is designed to be synchronised with existing enterprise resource planning (ERP) software without changing the process or the manner in which suppliers are paid. As soon as a supplier’s offer is accepted, the invoice is paid automatically, directly by Experian, without any change to the existing payment process.

“We are delighted to partner with Experian and look forward to bringing the benefits of a flexible working capital solution to their suppliers,” said Mark Thomas, Chief Operations Officer at C2FO.

Mark Langrish, Global Chief Procurement Officer at Experian said: “By partnering with C2FO and launching our Early Payment Programme, we are excited to provide enhanced payment/cashflow options to our suppliers. This dynamic, new approach will allow us to offer a simple and straightforward way for them to access early payments and supplement their cashflow.”

Since its first transaction in March 2010, C2FO has generated more than $110 billion in working capital funding and accelerated payment by more than one billion days for companies in 183 countries.

To learn more about the C2FO platform please visit experian.c2fo.com

Most recent episodes

Future Monetary Policy Path Sets Markets Against Central Banks

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

05:19

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.

33:38

Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.

13:07

Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

06:34

Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...

15:27

Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...

12:28

Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.

13:26

Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.

30:31

Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 

18:27