1. Groupon Treasury : Adventures in Cash Management Best Practices

2. Headwinds for Todays Financial Professional Financial leaders are challenged:Market volatility and uncertainty has forced sensitivity towards liquidity Shareholders demand growth Staying ahead of competitors requires agility and investment Global expansion adds complexity and risk Increasing regulatory compliance: new regulation every 22 days [Financial Times, 2013] 2013 Kyriba Corporation. All rights reserved.|PRIVILEGED & CONFIDENTIAL2 3. A New Approach Proactive | Treasury | Management Optimize Your Cash+Manage Your RiskPerfect your treasury operationProtect organizational value=Work Your Capital Create business value Establish cash certainty Execute risk strategy Gain strategic insight Make effective financial decisions Improve financial control / avoid fraud Accelerate business growth Enable and execute payments Deliver compliance Maximize financial returns 2013 Kyriba Corporation. All rights reserved.|PRIVILEGED & CONFIDENTIAL3 4. Proactive | Treasury | ManagementCash is the lifeblood of the organization.Anticipate, plan and initiate change rather than react to events. 2013 Kyriba Corporation. All rights reserved.|PRIVILEGED & CONFIDENTIALStrategic execution.4 5. Speaker Bio Phil Mattes - Treasury Strategist, Kyriba Phil has over 15 years of consulting and corporate experience in treasury. He began his treasury career as a Treasury Analyst at the New York City headquarters of the global oilfield services firm, Schlumberger. He then spent more than 8 years with the corporate treasury consulting practice of PricewaterhouseCoopers. Feeling the pull of the corporate world again, he joined CareerBuilder LLC in Chicago as the Director of Treasury to establish their corporate treasury function. Mostly recently, Phil was the Global Director of Treasury for Groupon Inc. 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL.5 6. Agenda Groupon OverviewCash Management Security and ControlBanking InfrastructureAccount VisibilityCash ForecastingLiquidity Optimization 2013 Kyriba Corporation. All rights reserved.PRIVILEGED & CONFIDENTIAL.6 7. Groupon Overview Founding Fathers: Andrew Mason (The Idea) and Eric Lefkofsky (The $$)Established in Nov 2008 offshoot of The Point social organizing website.Growth: In Dec 2010, Forbes estimates Groupon will reach $1 billion in sales faster than any other company and Googles $6 billion offer rejected. Multiple acquisitions resulting in operations in 45 countries.Challenges Easy to copy business model, over sold merchants, accounting missteps (revised S1 statements, multiple revenue restatements), failed Super Bowl commercials, failed China launch, manual processes, immature systems, delayed system integrations, executive turnover, etc.Cash Flows Merchant payment terms US vs Intl. Nov 2011 IPO raises $700 million.Culture Entrepreneurial, chaotic, fast paced, informal, quirky CEO 2013 Kyriba Corporation. All rights reserved.PRIVILEGED & CONFIDENTIAL.7 8. Groupon Overview 2013 Kyriba Corporation. All rights reserved.PRIVILEGED & CONFIDENTIAL.8 9. Value Creation Hierarchy Liquidity Optimization Cash Forecasting Account VisibilityBanking Infrastructure Security and Control 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. Maintain database of signer and bank account information Rationalize signers and directors Use bank products that enhance security (positive pay, etc.) Centralize security administration System enforced delegation of authority Policy documents clearly outline roles and responsibilities9 10. Value Creation Hierarchy Liquidity Optimization Rationalize number of banking partnersCash Forecasting Reduce number of bank accountsAccount Visibility Optimize services Automate analysis of feesBanking Infrastructure Conduct bank reviews on a periodic basisSecurity and Controls 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL.10 11. Value Creation Hierarchy Liquidity Optimization Cash Forecasting Automate connectivity to banks for electronic statements Leverage abilities of a treasury management system To consolidate informationAccount VisibilityBanking Infrastructure Security and Controls 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL.To assign reporting categories to transactions Make it easy for executives to get the information they want (dashboards, executive summaries, etc.)11 12. Value Creation Hierarchy Executive supportLiquidity Optimization Cash Forecasting Global visibilityBanking Infrastructure Security and Controls 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. Collaboration with information sources Communication of roles, responsibilities and process Information systems/integration to support the process Measurement of accuracy and feedback to sources. Incentives for improvement12 13. Value Creation Hierarchy Liquidity Optimization More strategic investment of cashCash Forecasting Repayment of debt Maximization of earnings creditAccount Visibility Use of supply chain discountsBanking Infrastructure Overall improved ability to plan future uses of cash.Security and Controls 2013 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL.13 14. Q&A 15. Kyriba Contacts Phil Mattes Treasury Strategist | Kyriba Phone: (312) 909-1707 phil@kyriba.com Phil Dregalla Enterprise Sales Executive | Kyriba Phone: (412) 260 3385 pdregalla@kyriba.com 2013 Kyriba Corporation. All rights reserved.PRIVILEGED & CONFIDENTIAL.15