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Jeans and Apparel Leader Will Automate Processes and Streamline Customs Compliance to Gain Speed and Agility in Global Supply Chain
BOCA RATON, FlORIDA, Feb. 6, 2008 - TradeCard, Inc., the leading provider of extended supply chain solutions, announced today that Levi Strauss & Co. has signed with TradeCard to optimize its global sourcing operations. TradeCard will help Levi's automate processes from procurement through payment. The TradeCard Platform will eliminate manual processes that require physical handling and viewing of paper documents received from vendors and trading partners for purchase orders, invoices and compliance checking. The announcement was made at the RetailConnections Business Executive Summit being held February 6-8 in Boca Raton, Florida.
Levi's plans to bring 225 vendors from Europe, Asia and the Americas onto the TradeCard Platform. TradeCard will interface with existing ERP systems at Levi's to consolidate payments and streamline customs compliance by sending data electronically to customs brokers.
"TradeCard will complement the existing sourcing landscape at Levi's to provide better control over the movement of product and money outside the four walls of the organization and into the extended supply chain," said Kurt Cavano, CEO of TradeCard, Inc. "Our unique combination of software delivered as a service and local support in 45 countries enables rapid deployment with minimal risk or required resources. It will allow Levi's to truly extend visibility into manufacturing processes and all partners involved."
TradeCard will automate processes to inject speed and visibility into Levi's supply chain and customs compliance processes. TradeCard's on-demand platform will connect Levi's back-end with key partners in the supply chain, including vendors, buyers, customs agents and financial institutions, and complement the company's SAP Apparel and Footwear Solution (AFS) investment. TradeCard will be live in early 2008.
TradeCard provides a rapidly deployed smart network that enables the extended supply chain. Its services and global trading partners are delivered on a software-as-a-service supply chain platform that connects more than 3,000 buyers, suppliers and service providers. TradeCard helps clients that range from $10 million to over $20 billion in revenue to transform the supply chain into a true value chain by eliminating waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by improving margin and cash flow. TradeCard's software-as-a-service delivery model and global support team enable rapid deployment in as little as 45 days.
About TradeCard
TradeCard, Inc. 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, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.
