O'Neill Standardizes its Global Supply Chain
Surf and snow apparel company O'Neill, selects the TradeCard Platform from TradeCard Inc. to standardize workflows from purchase order through settlement and address supplier-related risk through online financial services available on its network. The TradeCard Platform is expected to enable exception-based procure-to-pay processes and delivers supply chain services on a hosted platform that will enhance O'Neill's visibility into the movement of payments and products in the extended supply chain to eliminate delays.
"Automation and full traceability of processes in the supply chain will provide better visibility for us and our suppliers," says Hendrik-Jan Muis, operations director at O'Neill. "Financial services on the platform are a competitive advantage that will allow us and our suppliers to reduce the pressure many companies are feeling in today's credit crisis. Our suppliers will benefit from local support, better visibility into payments, and access to capital earlier in the order process. Helping our suppliers will result in lower costs and reduced risk for us."
TradeCard aims to provide buyers and suppliers shelter from the current credit crisis by lowering transaction costs and enabling payment protection, invoice discounts and trade financing programs. The TradeCard Platform can help streamline transaction processes for better cash flow planning.
"Automation and full traceability of processes in the supply chain will provide better visibility for us and our suppliers," says Hendrik-Jan Muis, operations director at O'Neill. "Financial services on the platform are a competitive advantage that will allow us and our suppliers to reduce the pressure many companies are feeling in today's credit crisis. Our suppliers will benefit from local support, better visibility into payments, and access to capital earlier in the order process. Helping our suppliers will result in lower costs and reduced risk for us."
TradeCard aims to provide buyers and suppliers shelter from the current credit crisis by lowering transaction costs and enabling payment protection, invoice discounts and trade financing programs. The TradeCard Platform can help streamline transaction processes for better cash flow planning.