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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
TradeCard Honored for Helping Companies Navigate Through the Economic Downturn
Supply Chain Platform and Global Support Team Recognized in 2009 Supply & Demand Chain Executive 100 for Helping Customers Address Liquidity Concerns

NEW YORK, NY -- (Marketwire) -- 06/30/09 -- TradeCard, Inc., the world's leading supply chain collaboration platform for connecting supply network partners, has been named to the Supply & Demand Chain Executive 100 for its leadership in helping retailers, brands and suppliers collaborate and deploy innovative trade finance programs to generate value and minimize supply chain risk during the economic downturn. This is the 6th consecutive year that TradeCard has been granted the honor.

The 2009 Supply & Demand Chain Executive 100 are supply chain solution and service providers that are helping their customers and clients both respond to the downturn and position themselves for growth ahead.

"TradeCard customers have a unique advantage in strong or weak economic environments," said Kurt Cavano, CEO of TradeCard, Inc. "Buyers, suppliers and service providers are connected through our platform, which enables delivery of innovative financial services that ensure liquidity during difficult times. Our hosted model and global support team make it easy to rapidly connect and transact with new trading partners once business rebounds, with minimal cost or resources required overseas. The TradeCard Platform creates opportunities for smarter supply chain transactions and programs that benefit all parties involved."

Risk Mitigation Services: Protection from Supply Chain Liquidity Bottlenecks

TradeCard provides buyers and suppliers shelter from the credit crisis by lowering transaction costs and enabling payment protection, invoice discounts and trade financing programs. The TradeCard Platform streamlines transaction processes for better cash flow planning. More than 1,000 suppliers have joined TradeCard in the past year to access automated payment protection and trade finance products from participating financial institutions on the TradeCard Platform. Brands and retailers reduce liquidity strains in their supply chains by making early payment programs available to their suppliers, and eliminating the need for suppliers to use their own credit lines for purchases.

TradeCard's software-as-a-service (SaaS) delivery model combined with local support presence in 50 countries enables buyers, suppliers and service providers to easily connect and transact within 90 days without adding additional resources and staff.

About TradeCard, Inc.

TradeCard, Inc. 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, suppliers 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 50 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, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.

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Contact:
Bryan Nella
TradeCard
+1-212-405-1855
bnella@tradecard.com

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