AMERICAN SPORTING GOODS SELECTS TRADECARD TO INCREASE SUPPLY CHAIN AGILITY AND DRIVE GROWTH
Global Trade Platform Automates Transactions and Connects Buyers, Suppliers and Financial Institutions to Enhance Visibility and Help Improve Margins
NEW YORK, Oct. 3, 2006 - TradeCard Inc., the leading provider of on-demand supply chain automation products, announced today that footwear manufacturer American Sporting Goods (ASG) has signed on with TradeCard to extend supply chain visibility, enhance agility and improve margins by automating processes from purchase order through payment. ASG, producer of such brands as Avia, AND1, Nevados and Turntec, will implement the TradeCard Platform to streamline operations, reduce overhead costs associated with sourcing, and improve visibility across the organization for better control of transactions.
TradeCard's on-demand technology, financial services, global support and extensive trade network will allow ASG to eliminate manual tasks by automating operations from procurement to payment.
"TradeCard will help us maintain tight control of transactions by ensuring visibility into the supply chain and providing agility to make adjustments as supply chain demands shift," said Jennifer Lin, CFO at ASG. "Through the TradeCard Platform, we are reducing paperwork, improving communications with trading partners and financial institutions, and standardizing supply chain execution across our buying offices and various purchasing processes."
The TradeCard Platform integrates financial services into a trading network that brings together thousands of buyers and suppliers around the globe. Collaboration with suppliers through TradeCard adds agility to the supply chain to help buyers and suppliers meet rapidly shifting pressures and demands, such as increased transaction frequencies and specialized orders.
"TradeCard is a perfect fit for growing companies like ASG that seek to enhance global collaboration in the supply chain and reduce complexity in the procure-to-payment process," said Kurt Cavano, CEO of TradeCard Inc. "ASG views its supply chain as a strategic advantage. By merging the physical and financial aspects of the supply chain, ASG is reducing costs and improving margins, while at the same time positioning itself for growth through a higher level of sophistication in the supply chain."
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.
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
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This press release contains a number of matters that constitute forward-looking
statements. The presentation reflects the current views of TradeCard's
management with respect to future events and is subject to risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements.
