cflox informs about the first nine months of 2022 – Continued demand for simple working capital solutions
With inflation remaining high and interest rates rising, the focus on working capital management for companies in the DACH region remains in the treasury departments. Although the price curve for some commodities has turned downward, global uncertainties and high volatility remain in the third quarter of this year.
"Given the massive price increases in the first nine months of this year and simultaneous disruption of global supply chains, securing the company´s liquidity and further improving working capital remains an absolute priority for our clients. And not only for capital market oriented companies", says Thomas Krings, Managing Partner of cflox.
Against this background, the demand for the flexible supply chain finance solutions of the Hamburg-based payment service provider remains unbroken. Purchasing companies pay their suppliers on the agreed due date using the payment service ‘cflox pay’ and additionally receive a payment term of 60 days from the service. Thus, they keep the liquidity longer in the enterprise and bypass with current high inflation; this is especially in the current situation of high importance. Suppliers do not have to be involved in the service. They receive the outstanding amounts on time or even ahead of schedule and can also strengthen their ratios. This enables not only the DAX group, but also the medium-sized privately managed company to immediately improve its own liquidity and working capital value. At the same time, the important relationship with suppliers is not burdened. Krings gives an outlook: "cflox will process payment services in a volume of a solid €2.5 billion for our customers this year. This shows the confidence of our clients in our ‘cflox pay’, which remains a very effective tool for managing supply chain finance."
cflox is the market for cash flow, working capital and financing within the supply chain. As a leading provider of discounting, supply chain finance and corporate payments, cflox offers customers individually tailored solutions.
For more information, visit cflox.com
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