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Solution: TradeCard provided a single platform to standardize sourcing, customs and trade finance. Automation and connectivity delivered by TradeCard allowed the brand to cut costs and grow business efficiently with less paper and manual tasks. It automated purchase orders, invoices, accounts payables, settlements, early payments, customs and vendor compliance.
Results: Today, one accounts payable person handles all vendor payments. TradeCard automated factory floor scan & pack processes for efficient delivery of goods. Direct shipments eliminated the need for additional DCs and reduced transportation and handling costs. Commercial invoice enhancements allowed components of goods to be broken down to optimize duty savings. Today, the company separates inner liners and hangers from jackets, which have different duty rates than the jacket shell, to reduce duty fees. Invoice discounts are captured from suppliers and data feeds into customs invoices for duty savings.
About the Solution Provider: TradeCard is a supply chain collaboration platform used by 7,800 retailers, brands, manufacturers and service providers. It enables companies to deploy responsive supply chains while maintaining low costs. A cloud platform connects entire networks, enabling them to perform as a strategic supply chain rather than individual parties.
Phone: (212) 405-1800
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