TradeCard enhances flexibility in Cortefiel finance department
31 Dec '07
2 min read
TradeCard Inc the leading provider of extended supply chain solutions, has announced that major fashion retailer Grupo Cortefiel has deployed the TradeCard Platform to automate supply chain finance processes from purchase order through payment.
TradeCard enhances flexibility and visibility in Grupo Cortefiel's finance department and enables an early payment program that extends payment terms while eliminating cash flow bottlenecks at its suppliers.
"Process automation across our finance organization improves efficiency by eliminating paper, manual processes and the need for letters of credit," said Rafael Campos Perez, Treasurer at Grupo Cortefiel.
"TradeCard helps us gain visibility into money movement to ensure that we're making smart decisions that maximize cash flow and improve relations with our suppliers. The hosted platform provides better control of payments and products as they move through the supply chain."
Grupo Cortefiel is a leading company in the fashion retail business. It manufactures, distributes and sells clothing and accessories for men and women.
"Grupo Cortefiel uses its supply chain as a competitive advantage. The movement of cash and goods throughout sourcing and manufacturing is a key driver of its business growth," said Kurt Cavano, CEO of TradeCard Inc.
"TradeCard allows Grupo Cortefiel to automate and maximize supply chain finance processes to improve cash flow and generate overall efficiency.
marketing@alchempro.com
