The Receivables Exchange Named World?s Best Online Supply Chain Financing Solution

New Orleans–The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it was named the “2009 Best Web-based Supply Chain Financing Solution” by Global Finance magazine. The international award recognizes the world’s best supply chain finance providers for innovative business financing solutions to enhance working capital management.

The editors of Global Finance magazine surveyed the industry’s leading analysts and experts to determine which companies were delivering the most innovative supply chain finance solutions from across the globe. Criteria for selecting the winners included market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations. The results will be formally announced in the July/August 2009 issue of the publication.

“We are thrilled that our ability to provide companies with an efficient capital marketplace where they can gain access to affordable working capital continues to be recognized by experts worldwide,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “Supply chain finance is taking on an increasingly critical role for companies. We applaud Global Finance magazine’s efforts to drive the conversation on an international level and look forward to making receivables financing a mainstream working capital management solution.”

As businesses require extended payments terms on their purchases, their suppliers are feeling the pain of reduced cash flow. Supply chain financing allows these suppliers to leverage the higher credit rating of their buying customers to secure more affordable business financing. Businesses are able to obtain the longer payment terms they need without constricting the cash flow of their suppliers, enabling the supply chain to remain intact without interruption to production.

The Receivables Exchange connects suppliers to a global network of accredited investors who compete in a real-time online auction marketplace to buy their receivables. The Exchange has developed partnerships with Ariba, a leading spend management company, and InfoAccess.net, a global provider of electronic business-to-business supply chain and ePayables services. Ariba suppliers engage in transactions worth more than $110 billion a year across more than 115 countries. InfoAccess.net’s more than 10,000 suppliers transact more than $6 billion in annual ePayables. Through the Exchange’s proprietary platform, Ariba’s and InfoAccess.net’s suppliers gain access to an alternative source of funding that enables them to manage their short-term liquidity and optimize their working capital management.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange is changing the landscape of small business financing by providing a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation’s millions of small and mid-sized businesses (Sellers) in search of capital to grow. Receivables Buyers get direct access to an $18 trillion new investable asset; Receivables Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.