C2FO
C2FO is using digitally disruptive technology to achieve supplier satisfaction , as Iain Rolfe , Managing Director Australia , and New Zealand , explains
194
W ith any true disruption , the most impactful are those that are the simplest ,” says Iain Rolfe , Managing Director , Australia , and New Zealand at C2FO . Rolfe is referencing the considerable success of C2FO , an innovative business that turns receivables into cash flow through an online platform that offers customers the opportunity to take total control of their capital , improve cash flow on demand and earn no-risk returns .
“ In the most basic terms , we match accounts receivable to accounts payable , presenting to market a win-win proposition for businesses that have money owed to them , and those who invest in their supply chain ,” says Rolfe . To facilitate this , C2FO operates a cloud-based marketplace where suppliers can name a discount rate on selected invoices in exchange for their early payment .
As with many businesses , C2FO was born out of necessity by founder and present-day CEO Sandy Kemper nearly 10 years ago in response to a financial system he viewed as broken . The issue encountered by Kemper was that “ intermediaries such as banks had , over time , assumed a position
DECEMBER 2019