|
TradeCard Stage: Venture Year of Investment: 1999 Web Site : http://www.tradecard.com
|
 |
TradeCard provides on-demand financial supply chain products to top retailers, brands and manufacturers. By connecting these buyers online with their domestic and international suppliers, TradeCard automates the processes from procurement through payment. Corporate Financing Managers can gain access to TradeCard's suite of integrated financial products that reduce working capital and capture payment discounts, while TradeCard's compliance scorecards and chargeback management tools help procurement chiefs to optimize supplier performance. Suppliers also benefit from automation, as they gain more predictable payments and new sources of financing.
Consistently acknowledged as best in class, TradeCard is powered by a patented data compliance engine that reconciles a transaction's financial, logistics, fulfillment and customs data. The engine triggers payments and other actions once agreed upon conditions have been met. Today, TradeCard has customers in more than 40 countries. It maintains partnerships with approximately financial institutions, logistics and shipping companies, and a large percentage of the world's inspections companies.
Warburg Pincus restarted TradeCard in 1999, bringing in a new management team to build on the intellectual property the company had developed over the prior two years. The team is led by Sean Feeney, former C.E.O of Inovis. Warburg Pincus also recruited experienced independent directors to the TradeCard board: Michael O. Sanderson, former C.E.O. of NASDAQ Europe and president of Instinet Corporation and Polly Sumner, President of Platform, Alliances and Services at Salesforce.com and 25 years of sales and marketing experience including roles at IBM and Oracle.
