All the News

The Receivables Exchange Announces Strategic Alliance with Insperity

December 28, 2011

The Receivables Exchange, the leading online marketplace for U.S. receivables sales, today announced a strategic alliance with Insperity (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses.

Justin A. Brownhill of The Receivables Exchange Elected to Board of Association of Trade & Forfaiting in the Americas (ATFA)

December 13, 2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced that its co-founder and CEO, Justin A. Brownhill, has been elected to the Board of Directors of the Association of Trade & Forfaiting in the Americas (ATFA).

The Receivables Exchange Presents Free Business Financing Webinar on December 13

December 8, 2011

The Receivables Exchange will host a free webinar on Tuesday, December 13, 2011, "Bank Loan Covenants:  What You Need to Know Before You Sign” with Charles Green.

The Receivables Exchange Appoints Corey B. Davis as Vice President of Business Development

December 5, 2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the appointment of Corey B. Davis as Vice President of Business Development.

The Receivables Exchange Wins 2011 Best in Biz Award

November 10, 2011

The Receivables Exchange won the 2011 Best in Biz Bronze Award for Small or Medium Business Product of the Year.

WSJ Checks in with The Receivables Exchange One Year After Innovation Award

October 17, 2011

The Wall Street Journal covers The Receivables Exchange one year after we won the publication's 2010 innovation award in the E-Commerce category. The article reports on the growth of the CRP program, launched in September.

New Orleans Magazine Profiles The Receivables Exchange’s Co-Founders

October 1, 2011

Nic Perkin and Justin Brownhill are profiled in the October issue of New Orleans Magazine as co-founders of the “groundbreaking” company The Receivables Exchange.

Forbes.com Calls TRE One of Finovate Fall 2011’s Success Stories

September 22, 2011

A column in Forbes.com says that The Receivables Exchange is one of the biggest successes to come out of Finovate Fall 2011, having just embarked on a joint strategic initiative with NYSE Euronext.

NYSE Euronext and The Receivables Exchange to Jointly Market Corporate Receivables Program to NYSE Listed Issuers and Other Companies

September 13, 2011

NYSE Euronext (NYSE) and The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the launch of a joint strategic initiative to market TRE's 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. Terms of the investment were not disclosed.

WSJ Covers TRE’s Joint Strategic Initiative with NYSE

September 13, 2011

The Wall Street Journal reports that NYSE Euronext has purchased a minority stake in The Receivables Exchange in order to boost its role in helping companies secure short-term funding.

New York Stock Exchange Partners with The Receivables Exchange

September 13, 2011

The New Orleans Times-Picayune reports on the joint strategic initiative with NYSE Euronext and calls the Exchange a “model for business development in New Orleans.”

TRE Co-Founders Discuss Launch of Corporate Receivables Program

September 13, 2011

The Receivables Exchange’s Co-Founders Nic Perkin and Justin Brownhill discuss the launch of the Corporate Receivables Program (CRP) in association with NYSE Euronext, and explain how CRP is a smart liquidity solution for NYSE-listed companies and other large firms.

Bloomberg Television on NYSE Joint Initiative with The Receivables Exchange

September 13, 2011

Receivables Exchange Co-Founder Nic Perkin talks with Bloomberg Television’s Margaret Brennan about the benefits of the joint strategic initiative with NYSE Euronext.

Banking Business Review reports that NYSE has acquired a minority stake in The Receivables Exchange

September 13, 2011

NYSE Euronext has acquired a minority stake in The Receivables Exchange (TRE), an online marketplace for US receivables sales.

NYSE Euronext and The Receivables Exchange Announced a Joint Program

September 13, 2011

The company that runs the New York Stock Exchange has taken an ownership stake in The Receivables Exchange, and the two exchanges announced Tuesday a joint program to offer trading in corporate accounts receivable.

Bloomberg Reports That NYSE Euronext Has Acquired a Minority Stake in The Receivables Exchange

September 13, 2011

NYSE Euronext (NYX) acquired a minority stake in the Receivables Exchange as part of a plan to increase its role helping companies get short-term funding.

A New Way for Businesses to Access Capital

August 25, 2011

SmartBlog on Finance interviews Nic Perkin on how The Receivables Exchange can help small businesses manage their finances.

Receivables Under the Hammer

August 1, 2011

The Receivables Exchange was featured in an article in Treasury & Risk. The article says the Exchange is more flexible than traditional financing options, and that Sellers can lower their cost of capital by 30 percent.

The Receivables Exchange Appoints Gregory S. Kenepp Chief Marketing Officer

July 19, 2011

The Receivables Exchange (TRE), the online marketplace for U.S. receivables sales, today announced the appointment of Gregory S. Kenepp as Chief Marketing Officer, responsible for the Company’s overall marketing strategy.

Institutional Investor’s “Tech 50” List

July 14, 2011

The Receivables Exchange's co-founders were again named to Institutional Investor magazine’s annual “Tech 50” List, which honors the most “disruptive” figures in the financial technology sector.

The Receivables Exchange Co-Founders Named to Institutional Investor’s Annual List of the Most 'Disruptive' People in Financial Technology

July 11, 2011

The Receivables Exchange's co-founders, Justin Brownhill and Nic Perkin, were again named to Institutional Investor magazine’s annual “Tech 50” List, which honors the most “disruptive” figures in the financial technology sector. 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 Receivables Exchange Wins 2011 “Management Team of the Year” Award at the American Business (Stevie®) Awards

June 21, 2011

The Receivables Exchange, the real-time online marketplace for the sale and purchase of receivables, today announced that it won the 2011 “Management Team of the Year” award at the American Business Awards.

Receivables Exchange to Offer $5,000 for Customer Referrals

May 5, 2011

As small and midsize businesses continue to seek alternative solutions for funding their companies, The Receivables Exchange announced that it is now offering $5,000 per referral to Referral Partners who introduce eligible businesses to its working capital marketplace.

The Receivables Exchange Wins ACG Louisiana’s 2011 Emerging Growth Company Award

May 3, 2011

The Receivables Exchange, the real-time online marketplace for working capital, announced today that it 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.

The Receivables Exchange Partners with Coupa to Offer Suppliers Efficient Access to Working Capital

April 12, 2011

The Receivables Exchange, the real-time online marketplace for working capital financing, announced today that it has partnered with Coupa, developer of category-disrupting cloud spend management (CSM) solutions, to offer the Exchange’s innovative cash flow solution to Coupa Suppliers. The partnership unites two companies that are using leading-edge technology to change the way businesses manage working capital and control indirect spending.

The Receivables Exchange Reports 466% Growth in 2010

March 23, 2011

The Receivables Exchange, the real-time online marketplace for working capital financing, announced today that receivables trading volume on its market-based platform increased 466% in 2010. This nearly five-fold growth indicates that businesses are embracing the Exchange’s online working capital marketplace as a proven method of managing cash flow.

How Small Businesses Can Beat Deadbeats

March 4, 2011

“Since the Exchange opened in 2008, it has registered 1,200 businesses to sell their invoices; 75 buyers, including banks and hedge funds, have signed on to bid on them.”

Technology in Treasury Management: Financial Supply Chain Review

March 3, 2011

The Receivables Exchange is featured in an article in Euromoney, which explains how Sellers on the Exchange have lowered their cost of capital by 30%, on average, with some seeing a 50% decrease in cost.

Fast Cash for Small Firms

February 25, 2011

CFO.com profiles The Receivables Exchange in an article on innovative services that help companies turn invoices into cash quickly and easily. The article says that such services are “growing in popularity” and cites The Receivables Exchange's remarkable five-fold growth in the last year.

Cash-Flow Crisis Is Recession’s Legacy for Small Biz

February 23, 2011

The Receivables Exchange is a solution for companies whose customers are extending terms and whose suppliers are pushing for quicker payment. Business owners -- including Joe Reini of Mason-Grey, Corp. -- are speeding up their cash flow by selling receivables on the Exchange.

Receivables Exchange Turns SMB Receivables into Cash Flow

January 26, 2011

Many economists believe that small businesses are the key to economic recovery, but as SMBs shift into growth mode, the question becomes where will they find the capital to fund that growth? Justin Brownhill and Nicolas Perkin, co-founders of The Receivables Exchange, believe the answer lies in an underutilized asset on most small businesses' balance sheets: accounts receivable.

An unconventional platform delivers an auction-based way to cash in on funds owed to your company

January 25, 2011

In a distressed capital market, every asset can be a path to alternative financing--even your company's receivables. That's the notion behind The Receivables Exchange: The New Orleans firm allows companies with at least $2 million in revenue to offer their accounts receivable for sale in an auction format to prospective buyers.

Chevron building to be renamed the New Orleans Exchange Centre

January 9, 2011

The New Orleans building once proposed as a home for City Hall will soon become the headquarters of The New Orleans Receivables Exchange and, in the process, will take on the company's name, the head of the Receivables Exchange and the owner of the building said.

Chevron Place, which has gone by City Centre since Kingfish Development LLC purchased it from the oil company last year, will soon become The New Orleans Exchange Centre.

Small, Midsize Companies Need Working Capital Management Alternatives

January 7, 2011

Research published by CFO and The Receivables Exchange indicates that most senior finance execs feel very little control over their working capital management and many report significant pressure from larger customers extending terms. Receivables financing is being adopted as an affordable working capital management tool by senior executives at companies employing best practices in working capital.

Downtown Landmark Building to be Renamed “The New Orleans Exchange Centre”

January 7, 2011

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that, as it continues to expand its operations, it will move its New Orleans headquarters to the former Chevron Place at 935 Gravier St. and assume naming rights to the building.

Joseph Leone Joins Distinguished Board of Advisors of The Receivables Exchange

January 4, 2011

The Receivables Exchange today announced that Joseph Leone, former vice chairman and chief financial officer of CIT Group, has joined the company’s Advisory Board.