200 receiving early payment — they are concerned as to how their customers would view such a request ,” says Rolfe . “ But they do it because they need that money . Without our model the only real options that exist , particularly for smaller vendors , are in the form of loans from a bank , credit cards , or borrowing from friends or family . In contrast , when they engage with us , they can organise the payment in an ‘ arms-length ’ way and at a price that works for them .”
At the other end of the supply chain , C2FO helps large enterprises achieve the best available return on their cash in a completely risk-free manner : once a supplier has been paid , that liability has been extinguished .
“ When you add these two factors together , it ’ s easy to understand why we ’ ve had approximately AU $ 250bn of early payment requests in the time we ’ ve existed , with nearly AU $ 20bn of total invoices approved ,” comments Rolfe . “ The scale and demand are high , but it works . It ’ s a win-win for all those involved .”
Indeed , such is the success of C2FO ’ s platform to date that Rolfe admits to finding the results — including
DECEMBER 2019