Case Study: BT Sourced accelerates supplier payments with C2FO Dynamic Supplier Finance

BT Sourced accelerates over $1.78 billion in supplier payments with C2FO

BT Sourced, an independent company managing BT Group's global sourcing operations, faced the complex challenge of moving away from its outdated legacy supply chain finance system. They needed a simple, fully digital solution that could work with all their suppliers, utilize both their own cash and third-party bank funding, and provide the dynamic cash flow required by their innovative partners, especially smaller technology suppliers. To address this, they partnered with the vendor C2FO and implemented its Dynamic Supplier Finance (DSF) platform.

C2FO's solution provided a user-friendly, fully digital platform that streamlined onboarding and automated the process end-to-end. This allowed BT Sourced to offer its suppliers immense flexibility to request early payment, with invoices being paid an average of 47 days early. The results for the customer were significant; in the first 12 months, over $1.78 billion was accelerated to suppliers. The program also saw a more than 95% conversion rate from the old system and expects its number of supported suppliers to grow by 60% per year.

BT Sourced