1. 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

2. 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

3. 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

4. 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.

5. Discount Capture Example of Discount Capture Company A:

6. 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

7. 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

8. 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!!!!!!!!!