C2FO
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“ The most disruptive innovations are typically the most simple ”
— Iain Rolfe , MD , ANZ , C2FO
every day . At a fundamental level , whether you ’ re a large or small organisation , a supplier , a buyer or both , you need to have access to working capital ,” he explains .
What this means is that firms are constantly trying to thread the needle between income and outgoings , whilst also having enough liquidity to support expansions , mergers , new ventures , or to respond to something unexpected – like a pandemic , for example .
“ When a crisis emerges , you either go out of business or find more working capital to get through that period of time ,” Rolfe explains . Historically , the typical response has been to get a loan from a thirdparty financial institution .
“ Going to a bank is going to be a much more painful and lengthy process to free-up liquid capital that they may need urgently ,” he says , adding that the cheapest form of financing is money that the company is already owed .
This is the core solution that C2FO is built on . Companies can use the C2FO working capital market platform to access funds that are owed and invoiced ahead of their due date , in exchange for a fee , and at a price that they themselves determine . “ It ’ s an equalised system of suppliers and customers which cultivates collaboration ,” says Sarda . “ We bring price discovery , profitability , and cash flow into our customers ’ supply chains .”
C2FO onboards approximately 50mn invoices to its platform every day . “ It ’ s a mammoth technological challenge ,” Rolfe notes .
In order to support this kind of volume , he explains that the company has built a “ SaaS platform that runs on the underlying compute , security and storage capabilities of a big cloud services organisation . We then run a very sophisticated set of algorithms
FEBRUARY 2021