Why It Matters
The no.1 concern companies face today in the global supply chain is lack of visibility. What's the solution? Automation. Manual processes cause delays and errors in the flow of payments, products and shipment logistics. By automating processes from purchase order to payment across ALL transactions - from raw materials through shipment and logistics - TradeCard offers unique control of product flow.
Transactions often involve 15, 20 or more parties to fulfill an order. Room for error and delay is prevalent.
TradeCard offers a single view of sourcing, finance and logistics data to obtain a new level of control and visibility of goods movement. Unique integration of sourcing, finance and logistics data follows the production cycle of the product. Our clients see the movement of goods and money in an integrated fashion in a single place.
The addition of automated logistics tracking capabilities to our customers' sourcing strategies provides them with a fresh look at global trade management and creates a unique advantage in the supply chain. Blind spots that existed between trading partners from product procurement through shipment will be eliminated, enabling better accuracy and decision making.
"The goal should be to increase the total profitability of the supply chain. . . Extended supply chain
management is not a zero-sum game. . . Rather, it's a positive-sum game where supply chain partners can increase
their overall level of profitability by working together."
- Supply Chain Management Review January/February 2003
"77% of firms are focusing on DSO reduction, yet 76% don't have enough visibility to payment flow."
- AMR Research
How To Beat The Competition Before They Can React
As brand owners and retailers race for competitive advantage, they are moving toward more diverse global
sourcing. Procuring from countries all over the world. Their success depends on critical access to information -
including end-to-end supply chain visibility.
At the same time, major buyers are moving toward strategic sourcing. Linking information and
systems with fewer key suppliers. So for suppliers, timely fulfillment and tight supply chain integration can mean a
strategic customer relationship and unprecedented order volume. Without it, a customer could be lost forever.
These trends demonstrate the importance of coordination of information among trading partners. Much progress has
been made to coordinate information in physical supply chains. Now the next source of competitive advantage is
financial supply chain automation.
Automating the financial supply chain means having the same control and visibility over the financial
processes in your transaction as you do over the physical movement of goods - from procurement to payment.
The TradeCard Suite of Applications for FSCM
Trading Partner Management
PO and Terms Management, Settlement Options (Open Account, LCs), Invoice Presentment, 3PL Integration, Factory
Integration, Supplier, Partner and Systems Integration, Workflow and Event Management
AP/AR Management
Document Collection and Match, Discrepancy and Resolution Management, Workflow and Approvals, Automated Payments
(wire, check, ACH), Rapid Pay Discount Management
Financial Management
Credit Management, Payment Protection Programs, Financing Programs (SCF, Pre & Post), Cash Management and Forecasting, End-of-Period Reporting, SOX Reporting, Bank Integration
The Competitive Advantages of TradeCard Quantified
The benefits of automating the financial supply chain can be measured. In dollars and efficiencies gained. For
buyers and sellers. TradeCard doesn't just push the costs of global trade from buyer to seller or vice versa.
TradeCard actually extracts costs for all parties involved in global trade transactions - resulting in permanent
savings for the entire supply chain.
Click Here to see the list of quantifiable benefits for Buyers
Click Here to see the list of quantifiable benefits for Sellers
Additional information
Executive Briefs
Apparel and Footwear Executive Briefs
Consumer Electronics Executive Briefs
Auto Industry Executive Brief
Contact TradeCard to learn more about becoming a member today.
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