PEI Heads to the Cloud With TradeCard for Transaction Management
Miami-based Perry Ellis International has extended and expanded its agreement with New York–based TradeCard Inc. for the supply chain and trade platform’s Procure to Pay solution.
PEI has a broad stable of brands, including Perry Ellis, Original Penguin by Munsingwear, Jantzen, Laundry by Shelli Segal, C&C California, Gotcha, Redsand, Anchor Blue and Miller’s Outpost.
In renewing its agreement with TradeCard for another year, PEI expanded TradeCard’s Procure to Pay solution to the United Kingdom, and the company added TradeCard’s Managed Adjustments functionality to help manage supplier chargebacks.
“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, in a company statement. “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.”
Procure to Pay helps PEI streamline sourcing operations—from purchase order through production tracking, shipment and payment—in a single cloud-based system with an “improved invoice interface for payables,” according to TradeCard
“Automation and integration of physical and financial sides of the supply chain are essential to driving business growth,” said Joe Rodgers, TradeCard’s senior vice president of global sales. “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.” —A.A.N.
