When the buyer, seller and financial institution are all collaborating on the same system and working together as a single strategic supply chain, everyone benefits, including the consumer.
New York, NY (PRWEB) October 16, 2012
TradeCard, Inc., the supply chain collaboration and global trade platform used by more than 10,000 retailers, brands, manufacturers and service providers, has been named the winner of two Global Finance magazine awards acknowledging the best supply chain finance providers. TradeCard received awards for:
- Best Platform Connecting Buyers, Suppliers and Financial Institutions
- Best Inventory Management
TradeCard was recognized for its ability to connect thousands of trading partners and deliver essential tools to automate the procurement process and ensure visibility into payments and goods.
Click here to read the article in Global Finance magazine
“More and more companies today are recognizing the value of many-to-many networks that enable collaboration between buyer, seller and financial institution,” said Mauricio Barberi, SVP of Global Marketing of TradeCard, Inc. “TradeCard has taken this approach for more than a dozen years to enable innovative programs that deliver access to capital earlier and at more frequent steps throughout the lifecycle of a transaction. When the buyer, seller and financial institution are all collaborating on the same system and working together as a single strategic supply chain, everyone benefits, including the consumer.”
Global Finance launched the awards in recognition of the growing significance of the supply chain and the various financing solutions that are emerging to enhance working capital and reduce DPO and DSO for buyers and suppliers. Global Finance selected winners across seven global and eight regional categories. In its report, Global Finance concludes that few platforms make it as effortless as TradeCard for buyers, suppliers and financiers to collaborate seamlessly. It adds that financial institutions (FIs) can be engaged at any stage throughout the trade life cycle and that TradeCard’s high levels of automation mean buyers, suppliers and FIs can more easily exchange information that enhances visibility into transaction flows.
The TradeCard Platform connects more than 10,000 buyers, suppliers and service providers in 78 countries on a cloud-based platform. More than 25 financial institutions deliver services on the TradeCard network.
About TradeCard, Inc.
Since 1999, TradeCard, Inc. has transformed global supply chain collaboration by boosting visibility, cash flow and margins for over 10,000 brands, retailers, suppliers and service providers operating in 78 countries. TradeCard delivers a cloud-based network that enables complex, multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 45,000 individual users leverage the TradeCard Platform to streamline transaction flows, from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and minimize risk. Multi-enterprise collaboration on the platform delivers visibility into the movement of goods, from raw materials to the store shelf. TradeCard’s on-the-ground trade experts around the world allow entire supply networks to rapidly join and drive value through the platform.
The world’s leading retailers and brands, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid, leverage the TradeCard Platform and its member network for sourcing and global trade. TradeCard, Inc. is headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Shanghai, Taipei, Seoul, Colombo and Ho Chi Minh City. TradeCard is located online at http://www.tradecard.com.
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