Grupo Cortefiel Goes Live on TradeCard for Supply Chain Finance Optimization

Tue Dec 11, 2007 9:01am EST

* Reuters is not responsible for the content in this press release.

  NEW YORK, NY and MADRID, SPAIN, Dec 11 (MARKET WIRE)
-- 
 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'sfinance 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. Grupo Cortefiel
and
its trading partners across Europe and Asia benefit from connectivity on the
TradeCard Platform and they're backed by our in-country support teams that
ensure they're up and running."

    Grupo Cortefiel operates 1,290 points of sale in 48 countries. Its brands
include Cortefiel, Pedro del Hierro, Springfield, Women'secret, and
Milano.

    TradeCard enables companies that source to maintain full visibility into
production by chaperoning the movement of goods as they move through the
extended supply chain, connecting vendors, banks, label companies, agents and
other parties involved.

    TradeCard provides online access to a network of more than 3,000 trading
partners
around the world, supported by a local "feet on the street" customer support
team
that speaks 32 languages and supports customers in 45 countries. TradeCard
helps clients that range from $10 million to over $20 billion in revenue to
eliminate waste and delay from the sourcing process. Financial services
available
on the TradeCard Platform help companies of all sizes to better compete by
extending operational agility and improving margin and cash flow.

    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, 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.

    

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

Copyright 2007, Market Wire, All rights reserved.

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