Multi-channel retailer J Jill has gone live on the TradeCard Platform to optimise financial transactions in its global supply chain.

The implementation should help J Jill generate savings and efficiency by eliminating manual tasks, automating processes from procurement to payment, and replacing letters of credit.

"TradeCard automates payments based on terms set up by the user and allows suppliers to know what day they will get paid for a shipment," explains Kurt Cavano, CEO of TradeCard.

"As a result, all parties involved in a transaction are better able to forecast cash requirements. Financial services available on TradeCard enable paperless invoice financing programmes that help suppliers get paid faster, including cash management tools that provide central access to information and opportunities to further reduce costs."