BROOKS BROTHERS MOVES WORLDWIDE SUPPLIER TRANSACTIONS ONTO TRADECARD
Leading Retailer will Automate Transactions with Suppliers on Three Continents to Improve Supply Chain Visibility and Drive Business Growth
NEW YORK, July 31, 2007 - TradeCard, Inc., the leading provider of global trade solutions for financial and physical supply chain automation has announced that Brooks Brothers, a division of Retail Brand Alliance Inc., (RBA) has extended its TradeCard membership to fully automate transactions with its global suppliers from purchase order through payment.
Moving supplier transactions onto the TradeCard Platform is part of a global strategic initiative at Brooks Brothers to generate supply chain efficiency and support business growth. TradeCard's on-demand platform enables Brooks Brothers to improve infrastructure and grow as a global organization without adding new offices, IT or staff. Transaction automation through TradeCard will improve visibility of processes and ensure better control of goods and money movement.
"Removal of paper and manual processes in our transactions is a catalyst to better visibility and control in our supply chain," said Joe Dixon, Senior Vice President of Sourcing, Production and Technical Services at Brooks Brothers. "TradeCard allows us to improve collaboration with vendors and keep a scorecard to ensure we're making the right decisions with our strategic suppliers overseas. This is an important initiative within our broad strategy to become more agile and operate a smarter global supply chain."
Brooks Brothers works closely with suppliers in the Far East, Europe and the U.S.
"Brooks Brothers is a classic TradeCard customer success story," said Kurt Cavano, CEO of TradeCard, Inc. "Brooks Brothers began conducting transactions on the TradeCard Platform in 2005 as part of a strategic relationship with one key supplier. Today, after seeing the impact of automating transactions on our platform, Brooks Brothers is extending TradeCard's value to its suppliers worldwide to improve supply chain visibility and drive business growth."
Join Brooks Brothers and TradeCard for a sourcing webinar on September 12, 2007 at Noon ET. For details: https://tradecardevents.webex.com/tradecardevents/onstage/g.php?t=a&d=661230056
TradeCard connects new buyers and suppliers on its trade platform, which provides online access to a network of more than 3,000 existing trade partner members around the world. TradeCard members are supported by a local "feet on the street" customer support team that speaks 32 languages and assists customers in over 40 countries. TradeCard helps clients that range from $10 million to over $20 billion in revenue to eliminate waste and delay from the sourcing process. Financial services available on the TradeCard Platform help these clients better compete by extending operational agility while improving margin and cash flow.
About Brooks Brothers
Founded in 1818, Brooks Brothers currently operates stores in the United States, Europe, Japan, Hong Kong, China, Malaysia, Singapore, Taiwan, Chile and Dubai. The company also sells its merchandise through a direct mail catalog and e-commerce site, brooksbrothers.com. Brooks Brothers was acquired in December 2001 by Retail Brand Alliance, Inc., a privately-owned company which is specialized in manufacturing, merchandising and retailing. Please visit www.brooksbrothers.com for further information and store locations.
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.