Case Study: Sennheiser USA achieves 80% faster payments and DSO reduction with C2FO

Sennheiser USA - Customer Case Study

Sennheiser USA, a leading manufacturer of microphones, headphones and wireless transmission systems, needed to optimize cash flow and meet days sales outstanding (DSO) targets while retaining flexibility and minimizing audit or mitigation risk. To control their early payment rate and accelerate receivables, Sennheiser USA adopted C2FO’s early payment marketplace.

Using C2FO, Sennheiser USA requests early payment on a monthly basis and can control when payments are accelerated; the program enabled them to get paid 80% quicker at an annual discount rate lower than their bank and cut payment terms with their largest customer in half. C2FO’s platform and supplier relationship team delivered measurable DSO improvement, predictable working capital and no added audit exposure.

Sennheiser USA