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Am chamtaipei sept2004
- 1. E-Commerce Trends in Asia Kurt Cavano Chairman and CEO, TradeCard September 2004 Presented at American Chamber of Commerce Taipei
- 4. What the Analysts are Saying
- 9. Forrester Research’s eCommerce Predictions
- 10. Gartner Group’s Predictions for B2B Transactions 2000-2004
- 11. Electronic Trade Initiatives in Asia
- 12. Electronic Trade Initiatives in Asia: Overview DTTN (Hong Kong) ABCDE Plan (Taiwan) APEC e-commerce Initiative PAA Singapore Trade-net E-ASEAN - many regional and national e-commerce initiatives in planning and implementation stages
- 19. Trends in Global Trade
- 23. How the Supply Chain is Completed: The Financial Supply Chain Raw Goods Supplier Manufacturer Retailer / Distributor Customer Financial Supply Chain Questions What and how to pay? When to pay? How much to pay? Who to pay? Just-in-time-cash Currently being optimized Movement of Documents Data & Money Physical Supply Chain Questions What to buy? When to buy? How much to buy? From whom to buy? Just-in-time-manufacturing Optimized over last 10 years Movement of Documents Data & Physical Goods
- 24. A Complete FSC Solution is Flexible and Paperless T RADING P ARTNER M ANAGEMENT F INANCIAL M ANAGEMENT T RANSACTION S OLUTIONS Money Movement Platform automatically initiates electronic payment to suppliers with automated wire transfers and ACH transactions. Credit Protection Have access for suppliers to payment assurance, without tying up credit lines, and to electronic Letters of Credit. Supply Chain Finance Programs Optimize credit availability and usage across the supply chain with innovative programs, including terms extension program. Financing Electronically apply for pre-and post-export financing online. Workflow and Event Management Move tasks within and among enterprises on a common platform, with real-time notification of supply chain events. Purchase Order Management Manage the delivery, negotiation and amendments of purchase orders. Electronic Invoicing Present invoices electronically. Document Management Route, store, and organize electronic documents. Shipping/Logistics Documents Have access to transaction data, including proof of delivery. Integration Module Connect to ERP systems, EDI interfaces, and other services or solutions. Patented Automated Compliance Checking Electronically compare procurement and fulfillment documents to make or support payment decisions. Payment Decisioning and Payment Scheduling Decide when and how payments should be made, whether upon compliance or triggered by the customer. Discrepancy Management and Dispute Resolution Identify and resolve discrepancies between procurement and fulfillment documents to enable payment. A P/ A R M ANAGEMENT
- 28. Global Companies Using TradeCard F OOTWEAR A PPAREL R ETAIL
Notes de l'éditeur
- 2 of the top 10 countries are in Asia: HK and Singapore, and another 2 in the 10-20 bracket. Taiwan is in place 20 out of 70. Some of the key European countries such as France are lagging behind.
- In Asia, taiwan is in place 6 ahead of Japan, which is surprising and Malysia, the country touting their new “high-tech corridor” etc. Generally, Asa
- According to Forrester Research, the A/P region will be in second place worldwide – we assume these numbers are for B2B transactions. If you look at the next page, the Gartner Group predicts that Asia pacific will only be in third place, even if the numbers for Asia and Japan are added up – just shows that there are no hard and fast rules for working out these predictions, but it does show that Asia is becoming a serious contender in the ebusiness arena.
- Forrester and Gartner agree on roughly the same volume of transactions (about 7-8 billion) but Gartner thinks Asia will lag behind after Europe whereas Forrester think Asia comes before Europe. The growth compared to 1999 is phenomenal as would be expected. What I see as key are the years ahead as Asian economies continue to grow, but we have no figures for these here.
- TradeCard is a company that started operations as a Web-based platform in 1999. Since then more than 600 companies have become members and are utilizing our platform and network of partners to increase their FSC efficiencies. TradeCard has a patented data compliance engine which identifies any discrepancies between your procurement and fulfillment documents. The company is well-supported by Warburg Pincus, who has been our primary investor since 1999. They have a long history of standing by their portfolio companies and have been an excellent investor partner for TradeCard. We have global operations with offices in NY, San Francisco, Brussels, Hong Kong, Taipei, Tokyo and Seoul. Our business is strong and growing – at a notable rate of 25%.
- Though the supply chain may be a familiar concept, that is, the movement of goods, the Financial Supply Chain is a newer concept. It is the corresponding process of moving the money, along with moving information and documents that are related to financial settlement. By automating the FSC on a platform, you can collaborate with your trading partners to easily and visibly automate financial processes, create auditable electronic documentation, and facilitate well-informed payment decisions. It goes well beyond EDI in that it can accommodate all vendors large and small without replacing existing EDI. It surpasses simple EIPP systems in that the FSC offers credit protection and other sophisticated financial programs, all managed on the platform, designed to benefit buyer and seller. FSC-type offerings from banks and ERP companies are often limited because their customer is usually only on one side of the transaction. An open platform enables trading with any other company regardless of who they bank with or system they use.
- There has been a lot of focus on the supply chain over the past 10 years – but the importance of the final step, the Financial Supply Chain, is becoming understood now. Each step in the physical supply chain – from raw materials supplier to manufacturer to retailer to customer – involves a distinct transaction that involves the movement of documents, data and goods. A lot of effort has been spent to optimize the answers to when to buy, how much to buy, etc. The result has led us to just-in-time manufacturing. Similarly, there are corresponding distinct transactions in financial processes that involve the movement of documents, data and money. We are now trying to optimize the answers to what and how to pay, who, when and how much to pay. This is leading us to just-in-time-cash. This is the Financial Supply Chain.
- One of the beauties of TradeCard is that you can use the capabilities of the entire platform, or just the layer you need. We have separated the functionality into layers, and a member can choose which layer(s) suit their needs. With Connectivity Solutions, you can use our workflow and document management engine, so that you can distribute electronically your documents globally. (go into detail on whichever solution is applicable) With Transaction Solutions, TradeCard runs its patented data compliance engine, enabling a company to make a payment decision. If there are discrepancies, these can be resolved right online on the platform. Financial Solutions offers an array of important financial programs, including credit protection, trade financing and supply chain financing.
- With Connectivity Solutions, a customer can distribute P.O.s through our system to all their trading partners. The P.O.s can be entered via an EDI or ERP interface or directly on our system. Suppliers can present invoices electronically to their customers via the same means. All procurement, fulfillment and settlement documents can be routed and stored on TradeCard. The information can also be sent back to your ERP system if integrated with TradeCard. With Transaction Solutions, TradeCard runs its patented data compliance engine on all the documents and electronically compares them. The compliance engine alerts the trading partners if a transaction is compliant and payment can be made. Payments can be scheduled on the platform. If the compliance engine finds discrepancies, they are identified for the customer and supplier. The parties can then negotiate the discrepancy right on the platform. With Financial Solutions, we can automate the movement of money right through the TradeCard system. We offer credit protection, offering an alternative to the Letter of Credit. We offer pre- and post-export financing. Finally, we offer Supply Chain Financing programs, where, using our financial partners, a supplier may be paid earlier in exchange for terms extension or discount to the customer.