Treasury Management Internation Logo

Lyreco delivers business solution for their suppliers with early payments through C2FO

Published 

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.

 

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55