Newsletter
TradeCard News - May 2004
Financial Supply Chain Automation - The Hosted way to Procure-To-Pay
Welcome to TradeCard's monthly e-mail newsletter - a summary of the latest news
from TradeCard.
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NEWS: NEW GENERATION COMPUTING, TRADECARD FORM STRATEGIC ALLIANCE TO LINK PHYSICAL AND FINANCIAL SUPPLY CHAINS
HEADLINES: RECENT ARTICLES THAT HAVE FEATURED TRADECARD
EVENTS: UPCOMING TRADESHOWS, CONFERENCES, WEB SEMINARS AND MORE
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NEWS * NEWS * NEWS * NEWS * NEWS * NEWS * NEWS * NEWS * NEWS * NEWS
NEW GENERATION COMPUTING, TRADECARD FORM STRATEGIC ALLIANCE TO LINK PHYSICAL AND FINANCIAL SUPPLY CHAINS
New Generation Computing Inc (NGC) and TradeCard, Inc. have formed a strategic alliance creating an integrated solution
which enables customers to link their physical and financial supply chains using the same data for both processes.
To learn more, go to: www.tradecard.com/news/pressreleases/ngc.html
HEADLINES * HEADLINES * HEADLINES * HEADLINES * HEADLINES * HEADLINES
Recent TradeCard headlines with some article excerpts:
- Seminars aim to help small firms improve their strategies - April 28, 2004, South China Morning Post
"Today's overseas buyers want to cut down their inventory, which is very costly to hold," Mr. Chan
(Director, Business Development, from TradeCard) explained.
"The size of their purchase orders has changed accordingly. Once, buyers might have ordered 100,000 pieces at
a time, and given the supplier three months to produce them. Now, their orders are smaller, and they expect
delivery in a month. They may ultimately order the same amount for a season, but do it in repeat orders.
Competition is so keen that buyers can't lose sales of a hit product. Delivery of the right products at the right
time and at the right location is the key."
This required suppliers to adjust their own operations, Mr Chan said.
- Growing Complexity Of Global Supply Chains Challenges Companies, Technology Vendors - April 2004, Global Logistics
Magazine
Supply chains are growing even tougher to manage, particularly with increased global sourcing, says this article.
TradeCard is highlighted as a company that reduces the complexity:
TradeCard automates the financial supply chain. "We automate all documents in the procure-to-pay process
and we wrap that with workflow and event management so that it can be managed by exception," says Kurt Cavano,
CEO. Through relationships with financial institutions, TradeCard also enables vendors to receive payment much
earlier at lower discounts than traditional factoring services.
- 10 keys to Supply Chain Success - May 1, 2004, Apparel Magazine
Automating the financial supply chain is one of the 10 keys this article covers:
"Call it the payment paper trail. The endless mire of letters of credit, orders, invoices and payments
traditionally involves a lot of paper pushing and reconciling. Lengthy processing time involves many non-value-added
tasks, and late payment can damage relations with supply chain partners. And of course there are significant
document-handling costs. (The charges of preparing documents for one transaction can total in the hundreds of
dollars.) But help is on the way: Automating the financial supply chain' connects buyers, sellers and their service
partners on a hosted, paperless platform with integrated financial services that results in visible processes,
decreased costs, improved cash flows and streamlined operations," says Kurt Cavano, CEO of TradeCard.
- 500-Year-Old Payment Tool Given New Life by e L/C Providers - May 2004, Managing Exports
In this IOMA publication, TradeCard is noted as an "independent trade portal" providing a platform for
international trade transactions and negotiations.
- New Products - May 2004, The Retail Technology Quarterly
TradeCard's ability to accept the AS2 messaging standard is described:
"Buyers and suppliers can communicate with each other regardless of differences in messaging protocols, thanks to
New York City-based TradeCard Inc.'s web platform. The service supports the latest messaging standards, such as AS2, as
well as legacy communication methods including EDI VANs and FTP."
Other headlines:
- TradeCard's innovative model increases trade transaction efficiency - April 16, 2004, eZone (in Chinese)
- Financial Supply Chain Helps Enterprises Save Money - April 28, 2004, Economic Daily News (in Chinese)
EVENTS * EVENTS * EVENTS * EVENTS * EVENTS * EVENTS * EVENTS * EVENTS
On May 18th at SPESA/Material World, TradeCard and NGC jointly hosted a cocktail party. The event was a great
success - and a fun celebration of our new alliance. Thanks to those of you that attended.
In the coming months, TradeCard will be participating in:
HONG KONG, July 16. How Better Financial Management can Improve your Supply Chain - organized by the Hong Kong
Article Numbering Association.
Be sure to also check our web site for updates on where we'll be next.
If you have any questions about TradeCard or the above, please do not hesitate to contact us at info@tradecard.com.
This newsletter can also be viewed at the Hong Kong General Chamber of Commerce website at
www.chamber.org.hk/hknewsletters/
