The Receivables Exchange Partners With Insperity
The companies said the partnership between The Receivables Exchange and Insperity, a provider of human resources and business performance solutions, will enable The Receivables Exchange’s working capital solution to be offered to small and medium-sized U.S. businesses, including more than 100,000 businesses supported by Insperity. As part of the agreement, Insperity made a capital investment in The Receivables Exchange. Terms of the agreement were not disclosed; however, the investment is not material to Insperity’s 2011 results.
The Receivables Exchange enables companies to sell their receivables to a global network of institutional investors, who participate in a live auction to purchase the receivables at competitive rates. Companies using the service gain access to capital quickly and without the constraints of traditional financing.
“Access to capital is the lifeblood of any business, and we are pleased to be able to offer The Receivables Exchange’s innovative financial solution to our clients and other small and medium-sized businesses,” said Paul J. Sarvadi, Insperity chairman and chief executive officer. “This joint venture complements our comprehensive array of human resources and business performance solutions designed to help companies run better, grow faster and make more money.”
Insperity has been advising American businesses for more than 25 years, providing an array of human resources and business solutions designed to help improve business performance.
Established in 2007, The Receivables Exchange is a first-to-market, real-time online marketplace for working capital financing that provides a solution for both small and large U.S. companies to monetize receivables. The Exchange connects businesses (Sellers) in search of flexible, affordable and continuous access to working capital to a global network of accredited Institutional Investors (Buyers).
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