SOURCE: TradeCard, Inc.

August 18, 2008 10:00 ET

71% of Companies Identify Working Capital Optimization as a High Priority According to New Research

11% Faced Supply Chain Disruptions in Past Year Due to Lack of Working Capital; 13% Experienced Disruptions Due to Suppliers' Deteriorating Financial Situations

NEW YORK, NY--(Marketwire - August 18, 2008) - Aberdeen Group, a Harte-Hanks Company (NYSE: HHS), has released a new Research Brief examining the impact of working capital constraints on supply chain performance and the Best-in-Class strategies for end-to-end working capital optimization in the supply chain. TradeCard, Inc. is pleased to announce the availability of this document via its Resource Library and an upcoming webinar on this topic, featuring independent research findings shared by Viktoriya Sadlovska, global trade and supply chain finance analyst at Aberdeen Group.

Findings of the study will be presented in a webinar on August 27th at 2 pm (ET). Sign up to attend the webinar at www.tradecard.com/webcasts. The research brief can be downloaded free of charge at http://www.tradecard.com/aberdeenresearch.

The Research Brief is based on a series of surveys conducted by Aberdeen on working capital optimization and supply chain finance. Results show that Best-in-Class companies in managing working capital metrics are able to obtain the following competitive advantages:

--  Four day advantage in days payable outstanding compared to average
    companies
--  19 day advantage in days inventory outstanding versus average
    companies
--  6.5 times as likely as peers to have decreased end-to-end financing
    costs in the supply chain in the past year
--  5 percentage points higher return on working capital versus average
    companies
    

Best-in-Class companies take pro-active steps to integrate and automate their physical and financial supply chains to achieve end-to-end cost savings and process efficiencies.

"Today companies are increasing their already high focus on optimizing working capital, exploring both financial and supply chain strategies and technologies to aid in these initiatives. A strategic, forward-looking global corporation should think about its physical and financial supply chains holistically, integrating long-term end-to-end supply chain cost considerations with working capital concerns," said Sadlovska. "There is still a lot of value trapped in today's manually managed financial supply chains. Process and financial efficiencies can be achieved by improving visibility into physical and financial supply chain milestones and documents, automation of order-to-cash and procure-to-pay processes, and rethinking of the old financing and payment practices with a company's trading partners."

"In today's complex supply networks and n-tier supply chains there is a significant opportunity to improve cash flow at each level," said Ken Mizera, vice president of business development at TradeCard, Inc. "Instead of one party being a winner and the other a loser in a transaction, working capital improvements can be made in a win-win environment. Significant opportunity arises when a third party becomes involved to provide financial services. With the right set of tools and services in place, companies can collaborate with supply chain partners to determine what is best for the overall supply chain and use the correct levers to improve margin and cash flow simultaneously."

TradeCard helps retailers and brands source smarter and faster through a rapidly deployed network that enables the extended supply chain. TradeCard's services and global trading partners are delivered on a software-as-a-service supply chain platform that connects buyers, suppliers and service providers. TradeCard helps clients that range from $10 million to over $20 billion in revenue to transform the supply chain into a true value chain by eliminating waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by improving margin and cash flow. TradeCard's software-as-a-service delivery model and global support team enable rapid deployment in as little as 45 days.

About TradeCard, Inc.

TradeCard, Inc. is the leading supply chain collaboration platform. 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, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.

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