5 Reasons Why You Should Use Recurring Offers on C2FO

Recurring offers give you the power to get paid early automatically.

If you’re not using recurring offers, you’re missing one of the most powerful tools on C2FO’s platform. Recurring offers allow suppliers to maximise their cash flow and their time. 

Log in to C2FO, go to the Offer Activity tab and set a discount offer that will automatically be applied to any future eligible invoice loaded into your account. If that offer is accepted, payment can show up in your account within days. A recurring offer keeps going until you turn it off — it’s always on. 

The alternative is to use one-time offers. These are discount offers that are good for a limited time, and users must open up C2FO’s platform every time they want to make offers on newly approved invoices. One-time offers may make more sense for suppliers that use the platform on an ad hoc basis..

Most suppliers, though, will benefit from using recurring offers, especially if they have a larger number of customers and invoices on C2FO, to save time and never miss an early payment opportunity. 

In this post, we’ll break down some of the biggest advantages of this approach.

Why you should use recurring offers

1. Make your cash flow more predictable

By switching from one-time to recurring offers, you can take advantage of every invoice eligible for early payment, creating a steadier, more predictable cash flow, as long as it meets the market conditions. You won’t have to log in to C2FO every time a new invoice is added to the platform because your recurring offer will already be in place.  

2. Improve Days Sales Outstanding and Cash Conversion Cycle

The faster you receive payment, the better it is for your business. It means that your capital isn’t locked up as unsold inventory or receivables for long periods of time. Instead, you can use that money to reinvest in and grow your business. By using Recurring Offers consistently, you can improve your DSO and your Cash Conversion Cycle — two of the most important KPIs for managing your company’s cash flow. 

3. Put yourself at the head of the queue

During peak times, such as quarter- and year-end, more suppliers will submit requests for faster payment. There’s simply more competition for the cash that your customers have made available for early payment. Companies that use recurring offers — even during off-peak periods —  increase their odds of being approved as their request is automatically submitted.

4. Enjoy flexibility and control over your offers

Recurring offers are extremely flexible, and as the supplier, you have the ability to customise your discounts as you see fit. You can stop or skip one at any time by logging in to C2FO and updating the Offer Activity tab.

5. Attract customers with price predictability

When you consistently grant discounts through recurring offers, you create a form of price predictability that your customers will appreciate. Everyone loves a discount, after all. And it could give you a pricing advantage over your competitors. 

The bottom line on recurring offers

Overall, recurring offers can help you accelerate your cash flow while reducing the amount of time required to manage your discounts on C2FO. You’ll enjoy a more consistent cash flow, which will make it easier to pay expenses and continue investing in your company’s growth. And by consistently offering discounts to your customers, you can also strengthen your ties with those business partners. 

Don’t take our word for it. Get started today!