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SourceView™ Monitors Events; Ensures Vendor Compliance; Streamlines Packing, Labeling and Shipment Building; Automates Receipt Reconciliation and Chargebacks
MIAMI, Apr. 4, 2006 - TradeCard Inc., a leading provider of on-demand supply chain automation products, announced today that it is extending its core functionality to synchronize and control the physical and financial supply chain. TradeCard's SourceView™ suite supports purchase order (PO) management processes from PO issuance through chargebacks and enables customers to manage events and processes for vendor compliance, packing, labeling, shipment building, goods receipt reconciliation and chargebacks, to ensure that orders arrive at the right place at the right time. The announcement was made at the Material World sourcing conference being held in Miami Beach on April 4-6, 2006.
SourceView™ provides a supply chain control cockpit that sits on top of a series of visibility modules, which tap into:
TradeCard provides a technology platform that is supported in 40 countries to create a strategic differentiator. TradeCard's unique offering enables buyers and sellers to strengthen the extended supply chain by helping suppliers obtain access to cash to finance the purchase of raw materials and expand their business. This approach allows the supply chain, as a whole, to lower production and transaction costs.
"Businesses can achieve greater returns on global trade operations by converging the physical and financial aspects of the supply chain," explains Beth Enslow, SVP of Enterprise Research for Aberdeen Group. "By better synchronizing the movement of goods and cash, sourcing and finance can work together to drive improved company results. This type of optimized supply chain can be a strategic differentiator when applied to areas such as accounts payable automation, global sourcing management and visibility, and vendor enablement."
TradeCard's extended portfolio provides a single platform with complete supply chain control of in-process and in-transit orders and vendor enablement, to help sourcing and financial executives collaborate and interface with supply chain partners.
"TradeCard will continue to invest in product development and partnerships that build onto the core competence we've delivered since 1999 - technology, combined with global delivery capabilities, to automate supply chains within 90 days," said Kurt Cavano, CEO of TradeCard Inc. "Supply chain executives rely heavily on the visibility we provide them with today. SourceView will enable customers to maintain better control of the movement of cash and goods by providing a complete view of data from purchase order through chargebacks, on a single platform, for the first time."
SourceView™ helps ensure that both buyers and sellers benefit from process automation. Full deployment takes place only after both parties to a transaction see benefit from actual trade efficiency, opposed to processes that simply push costs between parties.
TradeCard's existing platform has already been established as the leading solution for visibility into PO processes for amendment, confirmation, invoicing and shipping. More than 1,800 TradeCard members conduct transactions daily on the TradeCard Platform. The addition of the SourceView™ suite fills visibility holes that existed previously between PO and chargebacks.
TradeCard's SourceView™ will be available in May of 2006. Additional information on SourceView™ and its functionalities can be found at Background: TradeCard Launches SourceView Visibility Suite.
TradeCard's unique strategy for helping businesses manage global sourcing is unmatched. TradeCard provides a local "feet on the street" customer support team that speaks 32 languages and supports customers in 40 countries. The TradeCard Platform integrates financial services into a trading network that brings together thousands of buyers and suppliers around the globe.
About TradeCard
TradeCard is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.
TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.
