TradeCard What Suppliers are Saying

Testimonials & Case Studies

Member Case Studies

BFD Global

Brooks

International Playthings

Here are a few brief comments from some of the members of TradeCard. Also feel free to browse through our case studies for a more in-depth look.

"Compared with checking our documents manually, which is a work-intensive process, TradeCard Precompliance helps us to streamline the internal checking process of all the required documents and saves us time. Overall, automation with TradeCard makes the entire transaction run more smoothly."

- Michael Fu
Multicoins

"In trade, speed is of the essence and our customers demand faster and faster order turnaround times. With TradeCard Precompliance checking we found that we can reduce the average transaction time, resulting not only in earlier shipments but also in faster payments."

- Moonly Yu
South Asia

"When you grow as fast as we do, the one thing you need most is capital and we found it was a challenge until we started using TradeCard's Early Payment Program. With one of our major US customers we now benefit from five-day payment terms making the cash available that we need to support our growth."

  - Sanem Dikmen
    Managing Partner
    European T-Shirt Factory

"Our buyer is happy because we detect discrepancies early and can drive the order completion forward. When we used LCs, they were discrepant over thirty percent of the time. Although this is relatively low compared to the average LC discrepancy rate, we felt it was still too high. Now,discrepancies are close to two percent."

   - Ms. E.S. Kim
    Assistant Manger
    Sewon Company Ltd.

"I believe that to stay competitive in the 21st century business environment, TradeCard is the future. With more of our buyers now using TradeCard it is gradually becoming standard for us. We have offices in Taiwan, Macao, Hong Kong, USA, plus factories in Vietnam and China. We produce the well-known Caterpillar brand footwear. Using TradeCard helps keep track of purchase orders, invoices and all other documents in one place that would normally all be on paper."

  - James Ho
    Strategy Director
    Golden Chang Industrial Company Ltd.

"Pegasus has been an active user of TradeCard for over 18 months with several of our major USA customers now using TradeCard's document management, electronic compliance and settlement services. Our experience has shown TradeCard to be flexible and simple to implement and it allows us to easily automate our back office in a secure environment. Having real time information allows better internal coordination between our various departments in different locations and brings us closer to our customers. From a credit management and finance perspective we enjoy the flexibility TradeCard brings in terms of maintaining existing bank relationships and purchasing a payment guarantee at a purchase order level. As well as providing process efficiencies and better control over our receivables, in comparison to traditional settlement vehicles such as the letter of credit, TradeCard gives us real cost savings."

  - Derek Lee
    Vice General Manager
    Pegasus and Pacific Footgear Corporation

"Improved data on the status of orders not only helps determine financial and product scheduling it also benefits our vendors. Since everything is electronic and all the data is pulled from the original purchase order, there is an increase in how fast documentation is completed, thus compressing the procurement cycle. In addition, our vendors can go onto the network and get confirmation on when they would be paid. It brings both sides of the transaction together more easily and makes the whole process transparent."

  - Mark Yamagata,
    Executive vice president
    A&A, a division of Radio Shack

"Sappi had researched a number of Internet-based options designed to save time and money by providing alternatives to letters of credit. TradeCard currently best suits our needs. We gave it a try and found that TradeCard made the trade transaction process faster, more efficient, and less expensive. We look forward to more of our buyers becoming TradeCard members."

  - Henri Kirsten,
    Financial Director
    Sappi Trading