TradeCard launches solution designed to synchronize and control the physical and financial supply chains
Miami — April 11, 2006 — Financial supply chain solution provider TradeCard is launching a suite of solutions designed to synchronize and control the physical and financial supply chains by helping companies improve their management of goods and cash movement.
The new SourceView suite from TradeCard supports purchase order (PO) management processes from PO issuance through chargebacks and enables customers to manage events and processes for vendor compliance, packing, labeling, shipment building, goods receipt reconciliation and chargebacks, to help ensure that orders arrive at the right place at the right time.
Available in May, SourceView provides a supply chain control cockpit that sits on top of a series of visibility modules, which tap into work in progress and factory floor operations; buyer requirements for PO, packing and shipping; supplier performance evaluations and scorecards; and the extended supply chain, via enterprise resource planning (ERP) system event management and optimization tools.
TradeCard said its existing platform provides visibility into PO processes for amendment, confirmation, invoicing and shipping. The addition of the SourceView suite fills visibility holes that existed previously between PO and chargebacks.
"SourceView will enable customers to maintain better control of the movement of cash and goods by providing a complete view of data from purchase order through chargebacks, on a single platform, for the first time," said Kurt Cavano, CEO of TradeCard.
TradeCard said that its offering enables buyers and sellers to strengthen the extended supply chain by helping suppliers obtain access to cash to finance the purchase of raw materials and expand their business. This approach allows the supply chain, as a whole, to lower production and transaction costs, the solution provider said.
"Businesses can achieve greater returns on global trade operations by converging the physical and financial aspects of the supply chain," explained Beth Enslow, senior vice president of enterprise research for Aberdeen Group. "By better synchronizing the movement of goods and cash, sourcing and finance can work together to drive improved company results. This type of optimized supply chain can be a strategic differentiator when applied to areas such as accounts payable automation, global sourcing management and visibility, and vendor enablement."
TradeCard's customers include such companies as Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York.
Additional Articles of Interest
— Ready to go beyond traditional financial metrics to measure your company's supply chain? Read the SDCExec.com exclusive, "A Non-traditional View of Operational Costs."
— P-cards continue to advance, and e-payables solutions are making headway, but the convergence of the financial and physical supply chains is still a work in progress. Read more in "Enabling the Financial Supply and Demand Chain," in the April/May 2005 issue of Supply & Demand Chain Executive.
Miami — April 11, 2006 — Financial supply chain solution provider TradeCard is launching a suite of solutions designed to synchronize and control the physical and financial supply chains by helping companies improve their management of goods and cash movement.
The new SourceView suite from TradeCard supports purchase order (PO) management processes from PO issuance through chargebacks and enables customers to manage events and processes for vendor compliance, packing, labeling, shipment building, goods receipt reconciliation and chargebacks, to help ensure that orders arrive at the right place at the right time.
Available in May, SourceView provides a supply chain control cockpit that sits on top of a series of visibility modules, which tap into work in progress and factory floor operations; buyer requirements for PO, packing and shipping; supplier performance evaluations and scorecards; and the extended supply chain, via enterprise resource planning (ERP) system event management and optimization tools.
TradeCard said its existing platform provides visibility into PO processes for amendment, confirmation, invoicing and shipping. The addition of the SourceView suite fills visibility holes that existed previously between PO and chargebacks.
"SourceView will enable customers to maintain better control of the movement of cash and goods by providing a complete view of data from purchase order through chargebacks, on a single platform, for the first time," said Kurt Cavano, CEO of TradeCard.
TradeCard said that its offering enables buyers and sellers to strengthen the extended supply chain by helping suppliers obtain access to cash to finance the purchase of raw materials and expand their business. This approach allows the supply chain, as a whole, to lower production and transaction costs, the solution provider said.
"Businesses can achieve greater returns on global trade operations by converging the physical and financial aspects of the supply chain," explained Beth Enslow, senior vice president of enterprise research for Aberdeen Group. "By better synchronizing the movement of goods and cash, sourcing and finance can work together to drive improved company results. This type of optimized supply chain can be a strategic differentiator when applied to areas such as accounts payable automation, global sourcing management and visibility, and vendor enablement."
TradeCard's customers include such companies as Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York.
Additional Articles of Interest
— Ready to go beyond traditional financial metrics to measure your company's supply chain? Read the SDCExec.com exclusive, "A Non-traditional View of Operational Costs."
— P-cards continue to advance, and e-payables solutions are making headway, but the convergence of the financial and physical supply chains is still a work in progress. Read more in "Enabling the Financial Supply and Demand Chain," in the April/May 2005 issue of Supply & Demand Chain Executive.
- More articles about TradeCard.
