Executive Briefings

Tradeshift Partners with C2FO on Working Capital for Suppliers, Buyer

Tradeshift, provider of a supplier-collaboration platform, has entered into a global partnership with C2FO, a market for the acquisition of working capital.

According to the companies, the deal will provide more suppliers with access to the C2FO working capital market, improving cash flow and allowing more buyers to boost earnings by paying suppliers early. The collaboration can help to address the global problem of delayed payments and working capital accessibility within supply chains, the partners said. Tradeshift aids buyers and suppliers in such areas as accounts payable automation, procurement, supplier management and working capital optimization. Launched in 2010, it connects 500,000 companies across 190 countries.

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According to the companies, the deal will provide more suppliers with access to the C2FO working capital market, improving cash flow and allowing more buyers to boost earnings by paying suppliers early. The collaboration can help to address the global problem of delayed payments and working capital accessibility within supply chains, the partners said. Tradeshift aids buyers and suppliers in such areas as accounts payable automation, procurement, supplier management and working capital optimization. Launched in 2010, it connects 500,000 companies across 190 countries.

Read Full Article