Requirements for getting paid through C2FO early payment programs?
C2FO is a working capital platform where suppliers can get paid early by their customers in exchange for offering a discount. You cannot sign up independently. You need an invitation from a buyer who already uses the platform and has added you as a supplier.
The basic requirements are straightforward. You need approved invoices in your customer’s system that are eligible for early payment. The invoices must be past their approval stage with no disputes or holds. You also need a verified bank account where C2FO can send the early payment.
To get started, you accept the invitation from your buyer and create your C2FO account. You will verify your business information and connect your banking details. Once your account is active, you can see which invoices are available for early payment and decide whether to offer a discount in exchange for faster cash.
The discount works like an auction or marketplace. You offer a percentage off your invoice amount, and the buyer decides whether to accept and pay early. The larger the discount you offer, the more likely your early payment request gets accepted. The platform shows you the effective annual percentage rate so you can compare the cost against other financing options.
Not every invoice qualifies. Invoices that are disputed, below minimum thresholds set by the buyer, or too close to their original due date may not be eligible. Each buyer sets their own parameters for what invoices they will pay early through the platform.
From a bookkeeping standpoint, early payment discounts need proper recording. The discount reduces your revenue or gets recorded as a financing expense depending on how you categorize it. Your invoicing and accounts receivable process should track which invoices were settled through C2FO versus standard payment terms. This matters for reconciliation and for understanding your true margins.
Whether C2FO makes sense depends on your cash flow needs. If you are waiting 60 or 90 days for payment and need cash sooner, a small discount might be worth it. If your cash flow is stable, waiting for full payment is usually better. A Northwest Ohio bookkeeping service can help you track the actual cost of early payment discounts over time so you can make informed decisions about when to use the program.
The requirements themselves are not complicated. The real question is whether the math works for your business. Run the numbers before you start offering discounts to see if early payment genuinely helps or just costs you money you did not need to give up.
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