AP/AR Management
Buyers,
would you like to shorten decision-making time to take advantage of early discounts?
How about the ability to schedule how and when payments should be made? (And our
Automated Financial Supply Chain Financing
gives you the flexibility to take early payment discounts.)
Sellers,
would you like to get paid predictably? How about visibility into payment status?
And the ability to drive down DSO? Supplier self-service?
TradeCard can
simultaneously benefit both buyer and seller, and streamline the AP and AR management
processes.
These are the four steps of payment on the TradeCard Platform
that make AP/AR Management simpler and easier.
Step 1: Patented
Automated Compliance
The TradeCard Patented Automated Compliance
Engine is the ultimate fact checker. It compares information from the documents
you agree to have checked - including purchase order, invoice, packing list, proof
of inspection and proof of delivery documents. It then verifies that all of the
data fields match. Are there any discrepancies? If so, you and the supplier each
receive instant notification via email with a hyperlink to the discrepancy list
in TradeCard.
Step 2: Discrepancy Resolution
You and
your trading partner can resolve discrepancies quickly online. You negotiate using
an online discrepancy document with fields for discounts, charge backs as well
as free-text areas. Once both parties are satisfied with the resolution, the transaction
is deemed to be compliant and the automated process continues.
Step
3: Payment Decisioning and Scheduling
Buyers, capture discounts.
Suppliers, get paid early. With both parties armed with fully-compliant, discrepancy-free
trade and financial documents, it's much easier to approve payments, determine
payment dates and schedule payments. Real-time visibility into AP and AR. Discounts
secured. Supplier self-service - with no bother to the buyer's AP department.
Step
4: Money Movement
In a simple but critical automated step, TradeCard
facilitates the movement of money from the buyer's bank account to the supplier's
bank account - without either party having to change banks. JPMorgan Chase, a
world-class financial institution and recognized leader in cash management services
is the primary money movement provider for transactions conducted on TradeCard.
JPMorgan Chase debits and credits accounts from most banks and provides foreign
exchange services, where permissible.
Contact TradeCard to learn more about becoming a member today.
