ABN Amro bank has implemented its AllTrade cross-border supply chain platform at Payless ShoeSource, North America's largest family footwear retailer with nearly $3 billion in annual sales.
AllTrade, developed by the Dutch bank in concert with NextLinx Corporation and Valicert, is an e-commerce platform designed to automate the fulfillment and settlement in corporate cross-border trade.
Ron Cooperman, VP and controller, at Payless, says: "AllTrade enables Payless to execute its supply chain management strategy much more efficiently by eliminating, or greatly reducing, the large amounts of paper typically involved with cross-border trade and decreasing the costs incurred to issue, reconcile and settle the multitude of international purchase orders we issue on an annual basis."
AllTrade facilitates both open account and credit enhanced cross-border trade through a single platform, says the bank, making it possible for companies to consolidate trade activities and increase global supply chain savings.