Business Services Industry
OGIO Selects TradeCard to Drive Global Trade Efficiency and Growth; Global Trade Platform Will Improve Productivity, Enhance Working Capital Management and Ensure Accurate Deliveries
Business Wire, July 24, 2006
NEW YORK -- TradeCard Inc., a leading provider of on-demand supply chain automation products, announced today that top gear bag designer OGIO has become a member of the TradeCard Platform and has opted to acquire TradeCard's SourceView(TM) visibility suite. OGIO will implement TradeCard to generate new process efficiencies that will eliminate paper-based and manual processes, automate transactions from order to payment, and leverage online financial services to support the company's growth. SourceView will provide event tracking functionality to control the movement of goods in the supply chain and enable visibility to eliminate PO delivery surprises.
"The TradeCard Platform and SourceView suite will help us reduce costs by automating purchase order management processes from PO issuance through chargebacks," said Gary Bowen, CFO of OGIO. "TradeCard will also enable us to better manage events in the supply chain including vendor compliance and goods receipt reconciliation."
TradeCard's unique technology offering, extensive trade and financial services network, and global support will enable OGIO to obtain complete visibility from procurement to payment, streamline discrepancy negotiation and better manage payment authorization. OGIO will benefit from supply chain agility that will allow them to quickly rollout and source from low cost regions while maintaining control of the supply chain, with minimal investment.
"OGIO is a growing company that runs a lean, efficient operation and strives to consistently improve its margins," said Kurt Cavano, CEO of TradeCard. "TradeCard will enable OGIO to extend visibility and agility in its supply chain to improve margins and further drive business growth. TradeCard's on-demand platform and SourceView suite will help synchronize the flow of cash and goods to reduce costs and ensure that orders arrive at the right place at the right time."
TradeCard provides flexibility and scalability that allows users to add trading partners to their network as they grow. Users have the opportunity to further enhance cost savings obtained through the TradeCard Platform by leveraging innovative financial services offered through the TradeCard network, such as TradeCard's early payment program.
TradeCard's unique strategy for helping businesses manage global sourcing is unmatched. TradeCard provides a local "feet on the street" customer support team that speaks 32 languages and supports customers in 40 countries. The TradeCard Platform integrates financial services into a trading network that brings together thousands of buyers and suppliers around the globe.
Additional Customer Success Story
View a live TradeCard customer case study on July 25, 2006. For more information, go to: http://www.tradecard.com/news/seminars.html
About TradeCard
TradeCard is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.
TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.
This press release contains a number of matters that constitute forward-looking statements. The presentation reflects the current views of TradeCard's management with respect to future events and is subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements.
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