California-based Ariat International, a leading manufacturer of performance equestrian and casual footwear and apparel, has selected TradeCard's financial supply chain services to optimise the financial processes in its purchasing transactions with global suppliers.

Ariat, a $65 million company distributing its products in over 3,000 retail outlets around the world, has already integrated its existing ERP system with the TradeCard Platform and run part of its global purchasing transactions through the TradeCard Platform over the past six months. This is said to have resulted in a reduction of processing costs by over 40 per cent.

As a rapidly growing company, Ariat faced difficulties in effectively managing the huge number of paper documents generated through its global buying operations and was looking for a way to automate manual reconciliation and payment processing.

"Disjointed payment and shipment data and delayed visibility into critical transaction data, made it difficult to effectively manage cash flow," said Jeroen Noordermeer, chief financial officer, Ariat International.

"TradeCard allows us and our trading partners for the first time to have real-time insight into the transaction chain from order through settlement so we know exactly when payment is going out and our suppliers know when to expect payment, improving both our cash-flow management and trading partner relationships at the same time."