First, they have expanded TradeCard’s Procure to Pay solution to their United Kingdom operations and secondly, they have selected TradeCard’s Managed Adjustments functionality to more effectively manage supplier chargebacks. The two moves are part of the global apparel company’s signing a three-year renewal reaffirming its commitment to collaborate with trading partners using TradeCard’s Procure to Pay solution.
“We utilize an extensive supplier network, so visibility and management around the logistics of product and payments is critical,” said Stephen Hagamon, Vice President of Shared Accounting Services for Perry Ellis. “TradeCard provides an automated solution from purchase orders through settlements and chargebacks. Our suppliers have the resources they need to process and deliver orders on time; we have the tools necessary to ensure visibility and manage deductions.”
“Automation and integration of physical and financial sides of the supply chain are essential to driving business growth,” said Joe Rodgers, Senior Vice President of Global Sales at TradeCard, Inc. “Perry Ellis International has enhanced its supply chain strategy to improve margins and cash flow by eliminating inefficiencies across the entire supply network. Automating workflows and processes for procurement, chargeback management and customs invoices enables a faster, more efficient and better run supply chain.”
Perry Ellis leverages TradeCard’s Procure to PayTM to orchestrate transactions in its extended supply chain, enabling the following strategic benefits:
Perry Ellis first began using TradeCard in 2008 to better manage procure-to-pay processes and automate transactions with trading partners.
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