Case Study: Techcycle Solutions accelerates client payments with C2FO

Techcycle Solutions gets paid 90 days early with C2FO

Techcycle Solutions, a company that provides device repair services, faced a challenge with its large corporate client, Staples, which had 90-day payment terms. This lengthy wait for cash created a working capital strain, making it difficult for Techcycle to fund its ongoing operations and inventory needs while pursuing new growth opportunities.

The solution was implemented using the C2FO platform. After a consultation with a C2FO relationship manager, Techcycle used the service to receive early payment on a large invoice. The vendor's solution worked rapidly, with Techcycle receiving funds for an invoice that was not due for 90 days within just three days of using C2FO. This provided the immediate capital needed to support growth without having to seek outside financing or factor invoices.

Techcycle Solutions