SOURCE: TradeCard

TradeCard

January 24, 2011 12:30 ET

TradeCard Reports 38% Growth in 2010

Crocs, Eddie Bauer, GANT AB, W.L. Gore and 511 Tactical Sign With TradeCard in 2010 Enabling Strongest Overall Performance in Company History

NEW YORK, NY--(Marketwire - January 24, 2011) - TradeCard, Inc., the supply chain collaboration platform used by more than 7,800 retailers, brands, manufacturers and service providers reported 38% revenue growth in 2010. TradeCard recorded its best company-wide performance in its 11-year history. Major new customers to select TradeCard in 2010 include Crocs, Eddie Bauer, GANT AB, W.L. Gore, 511 Tactical and one of Europe's largest athletic footwear companies.

"A fast growing number of retailers and brands today are recognizing the importance of having a single platform to connect their entire supply network," said Kurt Cavano, CEO of TradeCard, Inc. "These companies are turning to TradeCard to power their strategic initiatives aimed at supply chain sustainability, mitigating risk, reducing cycle times and optimizing working capital in the supply chain. Growing demands from consumers and regulatory bodies are making it necessary for retailers and brands to obtain complete transparency into all transactions. TradeCard provides that visibility by delivering a single version of the truth for all parties involved." 

More than 2,500 new organizations were added to the TradeCard Platform in 2010. Purchase order volume increased by 41% versus 2009.

Factors Driving TradeCard's Growth in 2010:

  • 98% of existing customer volume renewed or upgraded
  • A successful ongoing product partnership with Avery Dennison resulting in a three-fold increase in the number of organizations upgrading to the TradeCard Platform to take advantage of a new SaaS-based factory floor management solution
  • Financial services delivered on the TradeCard Platform by a network of integrated financial services firms that provided better access to capital for many suppliers on the network
  • Rapid growth into evolving sourcing regions such as Sri Lanka, Bangladesh and the Americas
  • Agile customer support through a global "follow-the-sun" model with service hubs in the U.S., Sri Lanka and China
  • A cloud computing product model that is quickly deployed with minimal up-front costs for customers and partners
  • Growing demand in the market for a collaborative platform to connect buyers with suppliers and service providers overseas
  • Retailers and brands placing major emphasis on supply chain finance and sourcing efficiencies

TradeCard Launches Channel Partner Program
In 2010 TradeCard launched TradeCard PartnerAdvantage, a channel partner program for service providers and resellers. Ciber, Inc. and GravityPro Consulting joined TradeCard PartnerAdvantage as solution partners in 2010, expanding the TradeCard partner community, which includes independent software vendors, solution providers/resellers, solution integrators, banks, EDI providers, and other network partners. 

A Faster and More Efficient Way to Transact
Document and workflow efficiencies through TradeCard span multiple trading partners within a supply chain network to generate time and cost savings for buyers, suppliers and service providers around the world. Financial services embedded into the platform lower trade financing costs and reduce credit related risk. Hosted technology and global support delivered by TradeCard provide a low cost to transact. Suppliers are quickly on-boarded by TradeCard's global support team. TradeCard's global network provides the necessary infrastructure to quickly shift trading partners or services from region to region as economic conditions change.

About TradeCard, Inc.
TradeCard, Inc. is a leading supply chain collaboration platform that improves margin, cash flow and visibility for over 7,800 buyers, sellers and service providers in 60+ countries. TradeCard delivers a Cloud-based network that facilitates complex multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 38,000 individual users leverage the TradeCard Platform to streamline transaction flow from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and risk. Multi-enterprise collaboration on the platform delivers visibility into the movement of goods from raw materials to the store shelf. TradeCard's on-the-ground trade experts throughout the world allow entire supply networks to rapidly join the platform.

The world's leading retailers and brands leverage TradeCard's platform and member network for sourcing and global trade, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid. TradeCard, Inc. is headquartered in New York City with offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.

Contact Information