Lyreco, the European office equipment distributor, has chosen C2FO’s dynamic discounting product to offer early payment on invoices to its suppliers.
The programme is scheduled to be launched globally in the first half of this year. Lyreco has an annual turnover of €2bn, operates in 25 countries and covers 42 countries through partnerships.
“At the beginning of the project, the objective of Lyreco was to combine cash optimisation, strengthen relationships with business partners and simplify process,” said Lyreco’s group treasury director, Estelle Bonnemaison.
“This new programme will significantly increase C2FO’s ability to provide needed liquidity to thousands of suppliers in the office supply vertical worldwide,” added Antoine Trépant, managing director at C2FO.
The Lyreco announcement comes a month after C2FO revealed that Air France had become a customer.