Case Study: Thermo Fisher Scientific strengthens its supply chain with C2FO

Thermo Fisher Scientific strengthens supply chain for thousands of suppliers with C2FO

Thermo Fisher Scientific, a contract development manufacturing organization with a complex supply chain involving thousands of suppliers, sought a working capital solution that would strengthen its supplier relationships without third-party interference. They partnered with the vendor C2FO to implement its on-demand early payment program.

The solution from C2FO provided a flexible, cloud-based platform that enabled Thermo Fisher's suppliers to choose which invoices to get paid early and at what discount rate. This created a direct and collaborative relationship, giving suppliers more control over their cash flow. The program was a win-win, providing a beneficial working capital solution for the suppliers while also being advantageous for Thermo Fisher.

Thermo Fisher Scientific