The Receivables Exchange Links to Ariba Network to Deliver Powerful New Receivables Financing Option

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it is introducing an integrated working capital solution delivered through Ariba, Inc., (Nasdaq: ARBA), the leading spend management solutions provider. In an effort to help suppliers convert receivables into cash, the company is providing direct access to its proprietary receivables trading platform to the more than 250,000 companies who leverage the Ariba Network to transact more than $100 billion in business annually.

With the latest release of the Ariba Network platform, Ariba Suppliers can connect directly to The Receivables Exchange, enabling them to seamlessly transfer their invoices from the Ariba Network to the Exchange’s proprietary trading platform for auction. Leveraging a cash optimizer tool embedded in the latest release of the Ariba Network, suppliers can calculate their cash needs as compared to their eligible outstanding invoices and select the invoices they want to sell to help them optimize their working capital management and improve their cash flow.

"It used to be that suppliers were stuck if they couldn’t free up cash through early payment or access third-party financing,” said Joe Fox, senior director, Network and Financial Solutions, Ariba. "Our cash optimizer tool eliminates this problem by providing suppliers with a full view into their liquidity options so that they can auction receivables as needed to fuel their operations and growth plans.”

"Most companies operate with more than 60% of their working capital tied up in outstanding invoices and struggle to maintain cash flow and profitability,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. "By integrating our receivables trading platform with the Ariba Network, we have created a seamless process by which thousands of suppliers can gain access to more than $20 billion in liquidity and drive down their cost of capital. As a result, they can quickly inject liquidity into their business and improve their cash flow management.”

Below are just a few of the benefits Ariba suppliers will realize by financing accounts receivable through The Receivables Exchange:

• Increased Liquidity - Access to cash in as little as 24 hours rather than the current 50+ day payables process to fund operations
• Complete Financing Control - Sellers set all auction parameters. If a bid does not meet the Seller’s parameters, the Seller is not required to sell
• Lower Cost of Capital - Competitive real-time bidding by multiple Buyers drives down the cost of capital
• Funding Diversification – selling receivables to a global network of accredited institutional investors reduces the risk of relying on one source of funding
• Less Restrictive – No personal guarantee; traditional lending institutions have restrictive covenants and liens on collateral, which can limit a business’s spend flexibility
• Key Financial Benefits – Decrease Days Sales Outstanding (DSO), increase liquidity ratios, enhance ROE

Every day more businesses are turning to The Receivables Exchange to improve and regain control of their cash flow on their own terms. The Exchange marketplace provides a timely and efficient solution for small and mid-sized businesses to source the capital necessary for growth and to more effectively manage their working capital. Learn more about how to improve cash flow and finance accounts receivables.

About The Receivables Exchange

The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. Changing the landscape of small business financing, The Receivables Exchange provides 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 midsize businesses (Sellers) in search of capital to grow. Buyers get direct access to an $18 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.

About Ariba, Inc.

Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering technology, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 100, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com.