C2FO Expands Its Working Capital Market Globally with the Addition of Mohawk Industries

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Apr 07, 2015, 08:55 ET

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.

SOURCE C2FO