How the World’s Largest Airlines Capitalize on AP Automation Presented By Special Guest: Joni Geurts – AP Manager JetBlue Airways Ronda Head – AP Manager Delta Air Lines

About iPayables  iPayables, founded 1999, creates invoice and payment platform.  Success based on solid technology (US Patent 6,826,542, others pending) and high service levels.  Manages Invoices for over 68,000 active users from 150 countries  33,781,669,971 invoices in the past 12 months.  Processed over $4,000,000,000 worth of invoices and over $380,000,000 worth of P-Card in 2012  Network:  19,974 Buyers  71,230 Suppliers  40,966 electronic  30,264 imaged

The Technology Platform Invoice Receipt  e-invoice  Imaged invoice  File load Approval Processing  Workflow Approval  Purchase Order Matching  Dispute Resolution Payment Processing  ACH & Early Payment  P-card  Check Reporting/Reconciliation  Status Review  Dashboards  Remittance

Invoice Capture Suppliers Enter or Upload e-invoices (Paper invoices are converted to electronic). Invoices are automatically routed based on your business rules (workflow). Inquiry, Dispute Resolution eliminate payables involvement.

Discount Capture Example of Discount Capture Company A:

Business Case  Redeployed Payables Headcount 72%  Extended overall length of payment terms  Higher InvoiceWorks ® Card rebate amounts than all InvoiceWorks ® Costs  Current proposal to implement iPayables Payment Services  Estimated $180,000/month in new discounts  19-22% return on Working Capital Investment  $1 M per year of net profit Delta Air Lines

Customer Benefits Efficiency Gains  No Paper, Data Entry, or Archiving  Eliminate Most Match Exceptions, Inquiries, and Disputes Cash Management/Discounts  More Predictable, Flexible Cash Flow  Reduce Overall Spend with Discounts and Rebates Better Control  Real Time Visibility  Enforce Match and Approval Rules  Improve Contract Compliance  Complete Audit History

Supplier Benefits Process Automation  Eliminate billing processing costs (printing & postage)  Eliminate inbound check processing with ACH or P Card  Upload invoices from A/R or ERP system or manually “flip” online POs  Resolve disputes and view PO match exceptions in minutes, not weeks Other Benefits  Unprecedented management of payment timing  View payment status online anytime  $4-$13 Savings Per Transaction  Improved Customer Relations NO SUPPLIER FEES!!!!!!!!!