GRESHAM EXTENDS CLARETI CASH REPORTING SERVICE TO SUPPORT SUPPLY CHAIN FINANCING; C&W SIGNS UP AS FIRST CUSTOMER

London - 27 March 2007

Gresham Computing plc, the real-time financial solutions specialist has extended its Clareti Cash Reporting Service to enable supply chain financing. Cable and Wireless, which provides the secure hosting for the service, has also confirmed it is the first customer for Gresham's new supply chain financing solution.

Building on Gresham's Clareti Cash Reporting Service, which enables banks and their corporate customers to gain visibility of their global payments in real-time, this innovative service extension enables suppliers to see what future payment commitments have been made by their customers and, if available, request early payment for a discount.

>From core supply chain and payment information provided by the buyer of goods and services, the supplier will have clarity and confirmation of the status of monies due to them. Should the supplier desire early payment, they will be able to request this at the click of a mouse button.

Gresham's Clareti service has clear benefits for both suppliers and buyers by consolidating and automating the financial supply chain. It improves visibility over buyer-approved payments to the supplier, releasing working capital on demand and gives buyers greater flexibility, cost savings and greater control over supplier payments.

"The amount of cash tied up in post dispute invoice working capital in the UK alone exceeds £76 billion," said Andrew Walton-Green, chief executive of Gresham Computing plc. "The majority of companies want to collect their debts quickly and pay their creditors slowly. As a result, businesses at the bottom of the supply chain and many of the companies in the middle end up being squeezed for cash.

"Over a third of European businesses use some form of funding for trade finance; a route which is often restrictive, cumbersome and expensive. Unlocking the financial supply chain represents a huge market opportunity. Even just knowing when you are going to get paid is a huge step forward and enables a supplier to better manage its cash flows."

Cable & Wireless UK (spanning Europe, Asia and US) will both host the service and be the first customer for the new service.

Ivan Gunatilleke, Director of Enterprise Markets at Cable & Wireless, commented: "Our mission is to provide excellent levels of service to our top end corporate customers. This is a great endorsement of the robustness of our hosting and security services and means we can offer an even richer portfolio of services to our customers."

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