InfoAccess.net Selects The Receivables Exchange to Provide Working Capital Management Solution to its Customers

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has been selected by InfoAccess.net to address the working capital management needs of their growing base of mid-market customers. The Receivables Exchange will allow InfoAccess.net’s customers to increase their liquidity by quickly and easily monetizing their receivables on the Exchange’s proprietary auction trading platform. InfoAccess.net is a global provider of electronic business-to-business (eB2B) supply chain and ePayables services.

“We are the perfect partner to help InfoAccess.net improve the overall financial performance of their customers by providing better access to capital for the 10,000 suppliers that transact more than $6 billion in annual ePayables on their platform,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “We are seeing a growing awareness amongst small and mid-sized businesses that optimizing their accounts receivable can play a significant role in enhancing their financial performance and help them to drive growth – especially in today’s credit crisis.”

For most companies, accounts receivables represent their greatest source of working capital, with more than 60% tied up in outstanding invoices. The Receivables Exchange connects suppliers (Member Sellers) to a global network of accredited investors (Receivables Buyers) who compete in a real-time auction marketplace to buy their receivables. InfoAccess.net will provide access to The Receivables Exchange through its ePayables supplier network, enabling Seller Members to seamlessly transfer their receivables from the network to The Receivables Exchange’s proprietary receivables trading platform so that they can be competitively bid on in real time by multiple bidders. By selling their receivables in an open and competitive marketplace, companies are able to reduce their cash conversion cycles, gain access to competitively priced capital and reinvest that cash into growing their business.

InfoAccess.net has more than 10,000 global suppliers that utilize their ePayables solution with such high profile companies as 3M, American Greetings, Rite Aid and Wal-Mart trusting the company for their ePayables needs.

“We are always seeking new ways to innovate the supply chain process and help our customers make their numbers,” said Daniel L. Andrew, President, InfoAccess.net. “The Receivables Exchange fills a critical need for our customers. It will allow them to quickly and easily turn their receivables, thereby increasing cash flow, and providing quicker access to capital for growth.”

In the United States alone, there is more than $18 trillion in accounts receivable annual turnover, yet less than one percent of that volume is currently financed. The Receivables Exchange’s patent-pending, proprietary online trading platform brings together America’s growth-oriented small and mid-sized businesses in search of capital to help them grow with a global network of accredited Buyers. The Receivables Exchange has more than $2 billion in accounts receivable annual turnover and more than $10 billion in accounts receivable buying power since commencing its sales initiatives Spring 2008.

To learn more about The Receivables Exchange, please visit www.receivablesXchange.com/InfoAccess.

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 investors (Buyers) to the nation’s three million small and mid-sized businesses (Sellers) in search of capital to grow their businesses. Buyers get direct access to an $18 trillion new investable asset; small businesses get to access to a new competitive working capital management solution by having their receivables bid on by multiple Buyers in real-time. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. For more information, visit www.receivablesXchange.com.

About InfoAccess.net
InfoAccess.net (www.infoaccess.net), Cleveland, OH, is a global ePayables service provider with more than 10,000 customers in 20 different countries. InfoAccess.net helps companies exchange business documents, such as purchase orders and invoices, in the electronic format they desire. Reducing the number of paper invoices in the payables process eliminates unnecessary expense, makes reconciliation easier, facilitates faster payment opportunities, and reduces errors. For more information, visit www.infoaccess.net.