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The challenge
Razor, the leading global provider of scooters, sources product from multiple third-party suppliers across Asia. Those suppliers then ship finished product directly to Razor's retailers and buyers in 26 countries.
Every one of those buyers and suppliers has its own document requirements for import, export and payment. The result was a trade data management process riddled with inefficiency, errors and unpredictable delays in payment.
The Solution
Coordinating multiple retailers' and buyers' document templates and delivery requirements — across U.S.-based staff, Asia-based agents and suppliers — needed both people and technology.
Trade Technologies combined the expertise of our trade professionals in Asia with the TradeSharp™ platform to manage the entire process, supplier to buyer, in real time.
The Impact
Over the last ten years, Razor's partnership with Trade Technologies has reduced errors and penalties, courier costs, employee costs, and Days Sales Outstanding from cargo delivery to payment.
Trade Technologies provides a common platform that unifies all parties to the transaction while going the extra mile to keep things on track.
— Dee Howley, Credit Manager, Razor LLC
- A single platform unifying suppliers, retailers, buyers and banks across 26 countries
- Reduced errors and penalties
- Reduced courier and employee costs
- Reduced DSO from cargo delivery to payment
- A partnership sustained over ten years
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