TradeCard Inc, the provider of on-demand financial supply chain services, has announced that Calyon, Credit Agricole’s corporate and investment banking subsidiary, will be the first financial institution to sell the TradeCard Platform and provide customer service to customers across Europe. Calyon will also leverage its global network to sell both the TradeCard Platform and Calyon’s financial services to its exporter customer community in other regions of the world.
The TradeCard Platform enables Calyon’s corporate customers to automate the financial processes in their supply chains from order to cash. Buyers connect to their global trading partners online to manage ordering, invoicing, and other trade processes.
This cuts down on the use of paper and brings transparency and visibility into every process from order through settlement. Accounts payable and accounts receivable processes can be fully automated and financial services can be delivered electronically and automatically. Customers benefit from lower costs, simplified strategic purchasing across borders, improved risk and working capital management and major business process efficiencies.
