Case Study: Locknane achieves cash-flow turnaround and faster sales with C2FO

Locknane - Customer Case Study

Locknane, a manufacturer and screen printer of vinyl aprons, corporate apparel and promotional items, faced persistent costing and cash flow challenges after the company’s accounting manager joined in 2013. Introduced to C2FO’s early-payment working capital platform by a major customer, Locknane adopted the vendor’s solution to accelerate receivables and improve liquidity.

C2FO’s platform let Locknane offer modest discounts for early payment so they could pay vendors sooner, secure inventory faster and increase sales. Within months the company’s cash flow was restored and, after joining C2FO in early 2015, Locknane became cash-flow positive — an outcome the accounting manager attributes “100% due to early payments through C2FO.”

Locknane