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CRP Team Rings Closing Bell at NYSE

Eric Eagan — Tue, 13 Sep 2011 21:41:00 GMT

Watch representatives from The Receivables Exchange and NYSE Euronext ring the Closing Bell to celebrate the launch of the Corporate Receivables Program (CRP):

http://blog.receivablesxchange.com/blog/bid/43320/CRP-Team-Rings-Closing-Bell-at-NYSE

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

TRE Launches Strategic Initiative with NYSE Euronext

Eric Eagan — Tue, 13 Sep 2011 14:39:00 GMT

Today The Receivables Exchange announced a joint strategic initiative to market our Corporate Receivables Program (CRP) to potential sellers, including New York Stock Exchange-listed companies. Under terms of the arrangement, the NYSE has acquired a minority ownership position in TRE. The launch of this program with NYSE Euronext is a significant milestone for The Receivables Exchange, and it provides further validation of the power of our business model.

Scott Cutler, NYSE Euronext Executive Vice President and Head, NYSE Listings, summed up the significance of the initiative: "We are proud to partner with TRE on this initiative; a unique capital efficient mechanism which is especially important during this time of market uncertainty and reduced access to credit facilities."

So what is the Corporate Receivables Program, exactly? The Corporate Receivables Program, or CRP, provides large companies with an efficient and cost-effective way to monetize their trade receivables. Like our existing trading platform for small and mid-sized businesses (SMBs), the CRP platform facilitates the real-time trading of accounts receivable, but it is designed to handle larger transactions. CRP is a complement to the SMB program, and with it we are helping a broader base of companies get the working capital they need.

http://blog.receivablesxchange.com/blog/bid/43276/TRE-Launches-Strategic-Initiative-with-NYSE-Euronext

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

AVC on Working Capital Financing

Eric Eagan — Mon, 29 Aug 2011 15:00:00 GMT

The blog "AVC," which is written by venture capitalist Fred Wilson, principal of Union Square Ventures, has a helpful -- though ultimately incomplete -- post about working capital financing for small and midsize firms.

The post gives us a simple definition of what working capital is (current assets minus current liabilities), and to illustrate when working capital financing is often necessary, it uses the example of a manufacturer of iPad stands whose business looks great on paper but whose cash situation is actually "horrible" because it will have to wait 60 to 90 days to collect on sales.

The post goes on to describe a few varieties of working capital financing, such as revolving bank loans and factoring, where "the bank essentially becomes the accounts recievable department of the company." It ultimately concludes that "working capital financing is a great way to manage that kind of cash squeeze," but the methods it describes can be expensive and difficult for most businesses to manage. For example, you need to have a certain amount of collateral or cash flow to qualify for a line of credit.

The post is incomplete because it makes no mention of online receivables financing, or The Receivables Exchange, which allows businesses to leverage the value of their receivables by selling them in an online auction. Unlike banks, factors and other forms of traditional financing, The Receivables Exchange does not require additional collateral, long-term contracts, or personal guarantees. It's a far more flexible option, and businesses who use the Exchange are getting rates as low as 0.5%, with average rates of 1.5%.

http://blog.receivablesxchange.com/blog/bid/41873/AVC-on-Working-Capital-Financing

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Receivables Exchange Partners with NetSuite on Product Integration

Eric Eagan — Mon, 22 Aug 2011 17:11:00 GMT

The Receivables Exchange announced today that we have partnered with NetSuite to integrate our two business solutions. Together we released a new receivables financing SuiteApp for NetSuite's SuiteCloud Computing Platform. Starting today, NetSuite users will be able to access TRE through the new SuiteApp. Users can download their invoices in a standardized and automated fashion, enabling the bulk uploading of invoices. This will help TRE Sellers who use NetSuite sell receivables more efficiently.

This is TRE’s first strategic partnership with an accounting software provider, now enabling the Exchange to be at the “point of sale” when an invoice is created. For more information about the partnership, read today's press announcement.

http://blog.receivablesxchange.com/blog/bid/41457/Receivables-Exchange-Partners-with-NetSuite-on-Product-Integration

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Small Business Tip: Under Promise, Over Deliver

Eric Eagan — Mon, 18 Jul 2011 13:57:00 GMT

There's an interesting column in today's Wall Street Journal from small business expert Mike Michalowicz that claims to have the secret to earning loyalty -- not merely satisfaction -- from your customers. Michalowicz calls it the "under-promise, over-deliver" method, or UPOD for short.

Here's how it works: If you deliver to your customers exactly what you promised you'd give them, then they'll be satisfied by your service, but they won't be "wowed" by it. You've set an expectation, and you've met that expectation. You haven't exceeded it, which is how to earn loyalty.

To consistently exceed your customers' expectations, so the column says, you have to creatively under-promise what you will deliver them. If you say you're delivering a large shipment to a retailer in 30 days, do it in 20 and the retailer will be thrilled. This is the way to earn loyalty, Michalowicz says.

What do you think? Tweet your thoughts to @receivables, or comment below.

http://blog.receivablesxchange.com/blog/bid/37784/Small-Business-Tip-Under-Promise-Over-Deliver

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Free Webinar on SBA Loans

Eric Eagan — Fri, 15 Jul 2011 19:08:00 GMT

There's still time to register for The Receivables Exchange's free webinar on SBA loans -- one of the best ways to get capital for your small or midsize business.

The webinar, scheduled for July 28th at 2 p.m. ET, will be conducted by veteran banker Charles Green, noted expert on business financing and author of The SBA Loan Book (Adams Media).

The many options available under the SBA financing programs and how to determine the one that is best for your business.
How to produce and position your application information to increase your changes of approval.
How business owners should deal with prior problems, and respond to lender objections.

http://blog.receivablesxchange.com/blog/bid/37578/Free-Webinar-on-SBA-Loans

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Receivable Terms Lengthening for SMBs

Eric Eagan — Wed, 13 Jul 2011 14:59:00 GMT

New numbers from the National Federation of Independent Businesses paint a frustrating picture for small businesses' working capital management. USA Today reports:

Nearly 40% of firms surveyed by the National Federation of Independent Business said "receivables," or money that customers owe, are coming in at a slower pace, new NFIB data show.

The article goes on to say that the manufacturing, retail and wholesale industries are bearing the brunt of these ever-lengthening payment terms. Manufacturers with less than $10 million in annual revenue received payments an average of 48 days after invoicing their customers, which is 10 days longer than in 2006. "The delays affect cash flow, making it tough to for small businesses to meet payroll, pay rent or buy supplies," the article concludes.

In other words, extended payment terms hinder your ability to do business, which is why The Receivables Exchange's working capital financing solution can really help.

http://blog.receivablesxchange.com/blog/bid/37310/Receivable-Terms-Lengthening-for-SMBs

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Receivables Exchange Co-Founders Named Top Financial Technology "Disruptors"

Eric Eagan — Mon, 11 Jul 2011 21:09:00 GMT

The Receivables Exchange co-founders, Justin Brownhill and Nic Perkin were named to Institutional Investor magazine’s annual “Tech 50” List, which honors the most “disruptive” figures in the financial technology sector. This marks the second time the duo has been named to the publication's list of leading technology innovators. Institutional Investor called The Receivables Exchange a “classic example of financial technology entrepreneurship,” which has brought efficiency and transparency to the business receivables marketplace.

The list will be published in five installments throughout the week. It honors financial technology disruptors who are “eager to make innovative leaps to gain competitive advantages” and, in the process, transform the way we do business. In its citation for The Receivables Exchange, Institutional Investor highlighted the company’s rapid growth, calling the online receivables marketplace a “roaring success” that is just scratching the surface of a $17 trillion market potential.

Here's what our co-founders had to say about the significance of this honor:

“The U.S. capital markets today are facing dramatic change, propelled by technological innovations and market forces. Making this list is a powerful signal of the impact the Exchange is contributing as we move to assist businesses – small and large – to better manage their receivables and address this often ignored, yet largest, asset class in the capital markets.”

To read the citation for The Receivables Exhange, follow this link, or click here to get the full list.

The Receivables Exchange is the real-time online marketplace for working capital financing that provides a game-changing solution for both small and large U.S. companies.

http://blog.receivablesxchange.com/blog/bid/37078/Receivables-Exchange-Co-Founders-Named-Top-Financial-Technology-Disruptors

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

The Receivables Exchange Wins Stevie Award

Eric Eagan — Wed, 22 Jun 2011 14:41:00 GMT

The Receivables Exchange won "Management Team of the Year" at the 2011 American Business Awards, also known as the Stevies, which were presented on Mondayat a gala dinner at the Marriott Marquis Hotel in New York City. Our CEO and Co-Founder Justin Brownhill accepted the award on behalf of the entire team of TRE employees.

Later, Justin reflected on the significance of the award: “The ‘Management Team of the Year’ award is a testament to the ongoing commitment, innovation and hard work of the entire Receivables Exchange team. Recognition from the nation’s premier business awards program affirms the tremendous value our employees are contributing to make The Receivables Exchange the truly innovative working capital marketplace it has become.”

In addition to winning “Management Team of the Year,” the Receivables Exchange was a runner-up for two other Stevie Awards: The Exchange’s Commercial Receivables Program and Invoice Import System were both finalists for “New Product or Service of the Year.”

To see the full list of winners, visit www.stevieawards.com.

http://blog.receivablesxchange.com/blog/bid/34888/The-Receivables-Exchange-Wins-Stevie-Award

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Exchange Named Triple Finalist for American Business Awards

Eric Eagan — Tue, 17 May 2011 15:24:00 GMT

Last week we received some good news that our working capital marketplace has been selected as a finalist for the 2011 American Business Awards in two categories, with a double nomination in one category. The Exchange’s Commercial Receivables Paper (CRP) Market and Invoice Import System are both finalists for “New Product or Service of the Year,” and the company’s management team is a finalist for “Management Team of the Year.”

We consider it a great honor, and further proof that our flexible, affordable financial solution is becoming a mainstream choice for businesses. Our CEO and co-founder, Justin Brownhill, had this to say: "We are particularly excited that our Commercial Receivables Paper Market and Invoice Import System were singled out as innovations that are helping more businesses access the capital they need, flexibly and affordably. My co-founder, Nic Perkin, and I are also proud of our management team for their recognition, and we share the honor with the rest of the Exchange team.”

The American Business Awards are also known as the "Stevies." This year's winners will be announced during the annual gala on Monday, June 20 at the Marriott Marquis Hotel in New York City. Other finalists include American Express, Google, Intel and Amazon.com.

For more about what this recognition means to our company, read the complete press announcement.

http://blog.receivablesxchange.com/blog/bid/32864/Exchange-Named-Triple-Finalist-for-American-Business-Awards

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Exchange Offers $5,000 for Customer Referrals

Eric Eagan — Thu, 05 May 2011 16:55:00 GMT

As small and midsize businesses continue to seek alternative working capital solutions, The Receivables Exchange just announced that we are offering $5,000 per referral to anyone who introduces eligible businesses to our working capital marketplace.

Here’s how it works: First you sign up to become a Referral Partner, and then when you refer a business to us, and that business trades on the Exchange at least once a month for three calendar months after their first trade, you get $5,000. You can also elect another compensation option, where you receive a commission based on your referrals’ trading activity on the Exchange.

If you are interested in making $5,000 for every business you refer to us, click here to learn more about our Referral Partner program, and to sign up.

http://blog.receivablesxchange.com/blog/bid/32051/Exchange-Offers-5-000-for-Customer-Referrals

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Exchange Wins ACG Emerging Growth Company Award

Eric Eagan — Tue, 03 May 2011 20:16:00 GMT

We received some great recognition from a leading business organization and wanted to share the news:

The Exchange is the recipient of the 2011 Emerging Growth Company award from the Louisiana chapter of the Association for Corporate Growth (ACG). The award is recognition for the Exchange’s phenomenal growth in 2010, when trading volume on its market-based platform increased by 466%. It is also a testament to the success of this innovative Louisiana-based company in changing the landscape of business financing.

Our CEO and co-founder, Justin Brownhill, explained what this award means for the company: "We achieved such rapid growth by designing an innovative marketplace where small and midsize businesses can access capital flexibly and affordably. This honor from ACG is validation that we are succeeding in our mission to level the financial playing field for SMBs."

The Exchange will be accepting the award at a ceremony in New Orleans on May 24. Check out our press release for more details.

http://blog.receivablesxchange.com/blog/bid/31920/Exchange-Wins-ACG-Emerging-Growth-Company-Award

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Receivables Exchange Featured on Bloomberg Radio

Eric Eagan — Thu, 14 Apr 2011 18:31:00 GMT

The Receivables Exchange was featured in a piece on Bloomberg Radio, which includes an interview with Exchange Co-Founder Nic Perkin. Bloomberg’s John Tucker presents the Exchange as a solution to the “cash flow crisis” facing small and midsize businesses, with large companies continuing to extend payment terms beyond what is sustainable.

The piece quotes Exchange Co-Founder Nic Perkin, who says that The Receivables Exchange strives to "take net 30, net 60 and net 90, and turn it into net 1." Perkin says that "working capital owed to small and midsize companies is the largest credit product in the world.

Follow this link to listen to the entire piece.

To find out how much working capital financing you could be getting with The Receivables Exchange, try our Capital Access Calculator.

http://blog.receivablesxchange.com/blog/bid/30614/Receivables-Exchange-Featured-on-Bloomberg-Radio

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

The Receivables Exchange vs. Invoice Factoring

Eric Eagan — Mon, 04 Apr 2011 16:48:00 GMT

A recent post on Small Business Legal Blog discusses the problem that many SMBs face with extended payment terms, and explains that receivables factoring is a traditional method of working capital financing. The author writes that The Receivables Exchange "now offers a twist on the age-old process of factoring."

A twist is one way of putting it. It would be more accurate to say that The Receivables Exchange is different from accounts receivable factoring in almost every respect. The only real similarity is that the underlying asset -- the receivable -- is the same.

Here are some key differences between the Exchange and factoring:

1) The Receivables Exchange opens up the sale of receivables to a global community of investors in a real-time auction. Those investors compete to purchase your receivables, lowering your cost of capital. On the Exchange, you have access to many potential capital providers, not just one factoring company.

2) You have complete control over the terms of your auction. You can set the discount fee and minimum advance amount, as well as the duration of the auction.

3) You can choose what receivables to sell and when. You can sell one or multiple, and are not bound by the onerous contracts or minimums that come with invoice factoring.

4) There are no personal guarantees or all-asset liens.

5) And one more major difference: you are not required to notify your customers that their receivables are for sale. You control your valuable customer relationships.

There are other differences. To learn more about how the Exchange works, visit our Seller page.

http://blog.receivablesxchange.com/blog/bid/29465/The-Receivables-Exchange-vs-Invoice-Factoring

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Exchange Announces 466% Growth of Working Capital Marketplace

Eric Eagan — Wed, 23 Mar 2011 14:31:00 GMT

The Receivables Exchange announced today that trading volume on our working capital marketplace increased 466% in 2010.

This nearly five-fold growth indicates that businesses are embracing the Exchange’s online auction marketplace as a proven method of working capital management. Businesses continue to realize reductions in their cost of capital of 30% after six months of trading, and are getting 99-98 cents on the dollar for their receivables, on average.

One business owner who has benefitted from the Exchange's working capital financing is Brent Reynolds, owner of the Mad Bomber Company, an outdoor clothing manufacturer. Reynolds has lowered his cost of capital 50% by trading consistently on the Exchange.

“When you can decrease your DSO (days sales outstanding) from 45 days to two, it can be transformative for a midsize business like ours. With this new funding source, I’m on track to grow my company 50% this year," Reynolds said.

We are pleased with the growth we achieved in 2010. The Receivables Exchange’s market-based auction model gives businesses the most efficient, affordable pricing for their commercial receivables, and the company’s consistent growth shows this innovative form of financing has reached the mainstream. Companies small and large – and in a wide range of industries – are using the Exchange as a flexible, affordable source of working capital, and more are joining every day.

To read more about The Receivables Exchange's growth, click this link.

http://blog.receivablesxchange.com/blog/bid/28677/Exchange-Announces-466-Growth-of-Working-Capital-Marketplace

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Free Working Capital Financing Calculator

Eric Eagan — Mon, 21 Mar 2011 14:08:00 GMT

If you’ve been accessing capital through traditional methods, you may be missing out on a large chunk of cash – and the opportunities that go with it. That's why The Receivables Exchange developed a Capital Access Calculator to illustrate the benefits of the Exchange's working capital financing solution to small and midsize businesses.

The calculator gives businesses a quick estimate of the capital they can access on The Receivables Exchange – based on their revenue and current financing – and shows how the additional capital measures up to their current need. It’s a fast and easy way for businesses to see what receivables financing can do for them. Try this innovative working capital tool out today!

http://blog.receivablesxchange.com/blog/bid/28533/Free-Working-Capital-Financing-Calculator

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

The Street.com on Small Business Financing and the Liquidity Gap

Eric Eagan — Tue, 15 Mar 2011 16:04:00 GMT

It's been reported that business credit is easing, but a recent article on TheStreet.com bursts the bubbles of some of the more optimistic economic experts who would spin the latest data as a positive for all businesses. "Check out the small print [in these reports]...and the story isn't quite so rosy--especially for small businesses," the article states.

The most recent Senior Loan Officer Opinion Survey from the Federal Reserve reveals that banks have eased their credit standards for commercial and industrial loans to large and midsize firms, but only 10% had eased standards for small businesses (i.e. those with $50 million or less in annual sales).

This is the "liquidity gap" that has persisted since the financial crisis, and that we've written about extensively. If you're a small or midsize business owner or financial decision-maker, you may be living it right now. While large companies are getting funded easily, banks are applying the strictest standards to SMBs, and the results is that healthy, thriving businesses are unable to access the working capital they need to succeed. Businesses that are otherwise healthy are severely constrained by a lack of financing -- and the resulting challenges are sometimes terminal.

A certain level of prudence on the part of banks is good, but when healthy businesses are being denied credit for the wrong reasons, the system is flawed. The Receivables Exchange strives to be a trusted marketplace for working capital finance for small and midsize businesses who don't want to jump through hoops, or submit to too many onerous constraints just to get the working capital they need. The can sell accounts receivable online, in real time, and access business capital to fund operations or fuel growth.

http://blog.receivablesxchange.com/blog/bid/28218/The-Street-com-on-Small-Business-Financing-and-the-Liquidity-Gap

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Exchange Profiled in BusinessWeek

Eric Eagan — Mon, 28 Feb 2011 14:51:00 GMT

"More than a year into the official recovery, small businesses face what some say has become a permanent legacy of the recession: Their vendors are demanding faster payment even as their customers are taking longer to pay. Companies with the least bargaining power get squeezed the hardest."

Sound familiar? A recent article in Bloomberg Businessweek, which mentions The Receivables Exchange, describes the challenge that many small and midsize businesses face every day with stabalizing cash flow. The Receivables Exchange is mentioned as an innovative solution to the cash flow squeeze, allowing companies to sell receivables in an online marketplace for working capital.

The article quotes Exchange Seller Joe Reini, of Mason-Grey Corp., who uses the Exchange to handle longer payment terms from his customers. "It seems to me that 'net 30' is gone," he says, "Customers are now asking for 45, 60, some are even asking for 90 or 120 days."

Read the entire article here.

http://blog.receivablesxchange.com/blog/bid/26794/Exchange-Profiled-in-BusinessWeek

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

The Working Capital Tech Revolution

Eric Eagan — Wed, 16 Feb 2011 17:29:00 GMT

Small and midsize businesses are turning to a growing number of online technology services to take control of their working capital, according to a recent article in The Wall Street Journal. Among other benefits, new technologies are making billing and payment "as seamless -- and hard to avoid -- as possible.” Services to help businesses track billable hours and automate their invoicing processes, agencies that provide instant credit reports on potential clients, third-providers that ensure payments are made promptly – they’re all part of a great technological advance in working capital management in the past few years that amounts to a revolution.

Emerging technologies are completely changing the way companies handle their cash flow. Gone are the days of checks getting “lost in the mail,” or companies risking their customer relationships just to generate sufficient cash flow to run their business. We at The Receivables Exchange are part of this technological revolution. Indeed, our company was founded on the principle that, through innovative technology, we could completely reinvent the way that businesses access capital. Through our innovative auction platform, we provide a marketplace for working capital that is flexible, affordable and fast. We continue to partner with some of the most innovative companies in the world – such as Ariba, a leading spend management systems provider – to roll out our cutting-edge solution in the most efficient and integrated way possible.

The small business financing landscape is changing rapidly. In a very short time, companies will freely use the innovative working capital management services The Wall Street Journal highlights, much like they’re using The Receivables Exchange to shorten DSO from an average of 45 days to two. It will become a competitive disadvantage not to have the most current working capital solutions at your disposal. They’ll wonder what they ever did without innovative tools like The Receivables Exchange.

http://blog.receivablesxchange.com/blog/bid/26122/The-Working-Capital-Tech-Revolution

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Housing Prices Hit Working Capital Hard

Eric Eagan — Mon, 14 Feb 2011 20:08:00 GMT

The housing slump has had a detrimental effect on small business financing, according to new analysis from The Wall Street Journal. The decline in the value of homes (which many business owners use as collateral for loans and lines of credit) has wiped out $24.5 billion in potential credit for small and midsize businesses.

The problem began during the housing boom, when more and more SMB owners were using their homes as collateral:

Between 2000 and 2007, the percentage of small-business owners who used their homes as collateral on business loans or took home-equity loans to finance their businesses rose to 25.4% from 19.5%, according to an analysis of data collected by Barlow Research.

And small business owners were far more likely than non-owners to use their homes as collateral for home-equity lines of credit, the article says. The result? A disproportionate effect for small and midsize businesses versus the general population when the boom went bust. With the decline in home prices, many SMB owners are still unable to get the working capital they need to keep up with day-to-day operations or fuel growth.

Yet another contributor to the working capital "perfect storm" that hit small and midsize businesses so hard in 2008, and continues to this day.

http://blog.receivablesxchange.com/blog/bid/26010/Housing-Prices-Hit-Working-Capital-Hard

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

New Webinar on Receivables Financing, Brought to You by Ariba

Eric Eagan — Mon, 07 Feb 2011 15:09:00 GMT

If you're interested in learning a little bit more about how The Receivables Exchange works, here's a great way to brush up.

Receivables Exchange partner Ariba is hosting a live webinar on receivables financing on February 24 at 2 p.m. ET. The webinar, "Receivables Financing: a Valuable Financing Tool of SMBs," is free and open to anyone who wants to learn more about selling receivables on The Receivables Exchange.

You'll learn how you can:

Lower your cost of capital by accessing a global network of capital providers engaged in competitive bidding for your receivables.

Obtain financing with no personal guarantees, all-asset liens, monthly minimums, or customer notification required.

Get the capital you need in as little as 2 days.

The Receivables Exchange can help you access affordable working capital by selling accounts receivable in a dynamic marketplace, so you can increase cash flow when you need to. Businesses can get 99-98 cents on the dollar for their receivables and lower their cost of capital by 30%, on average.

Follow this link to register for the free webinar.

http://blog.receivablesxchange.com/blog/bid/25348/New-Webinar-on-Receivables-Financing-Brought-to-You-by-Ariba

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Sound Off: Cash Flow and the Demands of Demand

Eric Eagan — Mon, 31 Jan 2011 14:00:00 GMT

During the downturn, companies focused primarily on improving operations and maintaining existing business relationships, but according to a recent survey The Receivables Exchange conducted with CFO magazine, most small and midsize businesses will fuel growth this year by selling to new customers, which will be highly capital-intensive. How will companies fund an influx of new business as the economy (we hope) improves? One thing companies will surely need – in order to take advantage of growing demand – is ready access to affordable working capital.

We’d like to know: Is your company seeing an increase in demand in 2011, and how is this affecting cash flow? Would a more flexible, affordable source of working capital allow you to take on more business? Leave a comment or tweet your answer (@receivables).

http://blog.receivablesxchange.com/blog/bid/24231/Sound-Off-Cash-Flow-and-the-Demands-of-Demand

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Weekly Roundup: SMB and Working Capital News

Eric Eagan — Fri, 28 Jan 2011 17:21:00 GMT

Here are some of the most interesting stories this week concerning small and midsize businesses and working capital:

Nearly 25% of companies in the $1 million to $10 million revenue range said they switched banks over the course of 2010, up from a traditional norm of about 11%, according to a recent survey by Greenwich Associates.

Small business lobbyists react to the Obama administration’s promise to make the process of writing regulations friendlier to businesses.

42% of companies say they expect to hire more workers in the next six months, a 13% increase over the same time last year, according to a survey by the National Association for Business Economics.

http://blog.receivablesxchange.com/blog/bid/24219/Weekly-Roundup-SMB-and-Working-Capital-News

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

Small Business Computing Profiles The Receivables Exchange

Eric Eagan — Wed, 26 Jan 2011 17:44:00 GMT

The Receivables Exchange was featured in an article in the online news site SmallBusinessComputing.com, an online technology guide for the small and midsize business audience. The article calls The Receivables Exchange, “a competitive electronic marketplace that allows small businesses to auction off individual receivables to buyers … converting an illiquid asset on the balance sheet into cash that small business owners can immediately invest into fueling growth.”

Follow this link to read the entire article.

http://blog.receivablesxchange.com/blog/bid/23597/Small-Business-Computing-Profiles-The-Receivables-Exchange

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.

The Receivables Exchange Featured in Entrepreneur Magazine

Eric Eagan — Tue, 25 Jan 2011 23:33:00 GMT

The Receivables Exchange was featured in the "Fast Money" column in this month’s Entrepreneur magazine and on Entrepreneur.com. The column focuses on The Receivables Exchange as an acclaimed online marketplace for working capital, and highlights the Exchange’s key benefits, including affordability, speed and flexibility. The piece quotes finance expert David Rudofsky, who says that the Exchange "gives the CFO better control over the relationship and allows the company to choose which receivables it wants to sell and which it will collect itself." Rudofsky calls the Exchange a smart way for businesses to "get the money they need quickly and without giving up equity."

Follow this link to read the entire article.

http://blog.receivablesxchange.com/blog/bid/23413/The-Receivables-Exchange-Featured-in-Entrepreneur-Magazine

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The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable.