KANSAS CITY, Mo., April 7, 2015 /PRNewswire/ -- C2FO, the world's
market for working capital®, announced today its partnership with
Mohawk Industries, Inc. (NYSE: MHK), the world's largest flooring
company. Mohawk's suppliers will have the opportunity to improve
their cash flow by utilizing C2FO's dynamic early payment
marketplace.
"We are excited to announce our partnership with Mohawk
Industries, a company that truly values the strength of their
supply chain," said Dru Shiner,
Chief Sales Officer at C2FO. "By improving access to working
capital, C2FO's marketplace will help Mohawk's suppliers receive
payment faster and at a more favorable rate than alternative
financing options."
Traditional sources of working capital are increasingly
inefficient and limited, putting a strain on supply chains and
growth. With more than $40 trillion
currently tied up in outstanding invoices across the globe, there
is a tremendous opportunity for both buyers and suppliers to
leverage their existing relationships to accelerate cash flow and
increase profit.
"At Mohawk, we see our suppliers as partners and continue to
work for mutual success," said Shailesh
Bettadapur, VP and Treasurer at Mohawk Industries. "C2FO is
one of the ways we can do that."
C2FO is used by major organizations around the world to increase
their operating income while simultaneously producing vital working
capital flows to their supply chain. The C2FO market has delivered
more than $15 billion in working
capital and over 100 million days of accelerated payment to
companies across the globe.
For more information about C2FO visit www.c2fo.com.
About C2FO®:
C2FO is the world's market for working capital® and risk-free
profit. C2FO is the largest working capital exchange in the world
and enables companies to name their own rate for working capital in
a live, bid/ask environment. Companies across the
globe use C2FO to increase their operating income while
simultaneously producing vital working capital flows to their
supply chain. C2FO is Collaborative Cash Flow Optimization.
About Mohawk Industries:
Mohawk Industries is the leading global flooring manufacturer
that creates products to enhance residential and commercial spaces
around the world. Mohawk's vertically integrated manufacturing and
distribution processes provide competitive advantages in the
production of carpet, rugs, ceramic tile, laminate, wood, stone and
vinyl flooring. Our brands are among the most recognized in the
industry and include American Olean, Bigelow, Daltile, Durkan, Karastan, Lees,
Marazzi, Kerama Marazzi, Mohawk, Pergo, Unilin and Quick-Step.
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SOURCE C2FO