Following the 2011 year-end announcement that we had passed the $1 Billion mark in Early Cash Flow Delivery, it is rewarding to note Pollenware’s continued dramatic growth,” said Alexander "Sandy" Kemper, founder & CEO of Pollenware.
Kansas City, MO (PRWEB) May 22, 2012
Pollenware, the leading provider of cloud-based Collaborative Cash Flow Optimization (C2FO)TM technology, announced today that its first quarter growth for 2012 was $368.4 million in Early Cash Flow Delivery (ECFD)TM, a 766 percent increase over the prior year numbers during the same period.
“Following the 2011 year-end announcement that we had passed the $1 Billion mark in Early Cash Flow Delivery, a seminal moment in the life of this company, it is rewarding to note Pollenware’s continued dramatic growth,” said Alexander "Sandy" Kemper, founder and CEO. "We appreciate the partnerships we share with our Clients, which have helped us achieve these results,” added Kemper.
In addition to the organic growth of major Buyer-Clients including Costco, Walgreens and Toys”R”Us, Pollenware also added four new Buyer-Clients including Associated Wholesale Grocers, Hy-Vee, Sysco and The Brick.
Pollenware (C2FO)TM helps companies collaborate with their supply chain in daily, web-based, market-clearing events to achieve accelerated cash flow to Supplier-Clients and increased efficiencies in working capital management and profit for Buyer-Clients. Pollenware has created more than $1.5 Billion in Early Cash Flow Delivery (ECFD) to its Supplier-Clients and more than $8 million in new recurring income to its Buyer-Clients, which include Fortune 1000 companies across the globe.
More than 3,500 Supplier-Clients utilize the (C2FO) program for invoice management and Early Cash Flow Delivery (ECFD). Joe Grachek, Vice President Merchandise Accounting Controller, for Costco Wholesale said, “For us, the high adoption rate of our suppliers was driven by Pollenware’s intuitive technology and a strong Supplier Relationship Management team.” Grachek added, “The Pollenware SRM team makes it very easy for our Suppliers to engage in the program and immediately reap the rewards of participation.”
Pollenware is the leading global provider of cloud-based Collaborative Cash Flow Optimization (C2FO) technology. The Pollenware (C2FO) technology platform is the only online working capital collaborative exchange that brings companies together to optimize working capital flows and profit during daily market-clearing events. Pollenware Buyer-Clients including Costco, Iron Mountain, Walgreens, Toys"R"Us and WellPoint use (C2FO) to increase their gross and net profit while simultaneously producing vital Early Cash Flow Delivery (ECFD) to the supply chain. (C2FO) is the marketplace for working capital and profit. Learn more about Pollenware (C2FO) at http://www.pollenware.com or contact Scott Loewen, VP Digital Marketing, scott.loewen(at)pollenware(dot)com, Phone: 816.674.6362.