Build New Trading Connections

Collaborative order fulfillment.

In reality, purchase orders behave like living documents that change as new circumstances arise.

iTradeNetwork acts as a single source of truth for you and your customers to negotiate, confirm orders, and track PO changes.

Audit trails eliminate the confusion, recording every fulfillment-impacting interaction you have with your buyers. No re-submitting documents and no versioning headaches.

Dramatically reduce your back-office rework.

Consistent 3-way matching between the quantity ordered, the quantity delivered, and the quantity invoiced can be challenging due to: spoilage/loss of product in transit, unforseen supply side shortages, failure of buyer quality checks, and human error.

Typical VAN or direct integration services don’t solve these common issues, leading to 3-way matching rates of approximately ~70%. ~30% of invoices have to be manually reconciled.

iTrade provides true collaboration between suppliers and buyers and updates all documents whenever a quantity changes during the procurement workflow. Result: 97% 3-way match rate and the elimination of significant costly administrative rework.

Quickly comply with emerging requirements.

More requirements don’t have to increase compliance-related costs.

iTradeNetwork provides a 1-stop shop to meet mandates of any kind, so you don’t need to devise a way to bridge the gap for procurement solutions that are poorly-equipped to help you meet emerging requirements. They can be regulatory (Bioengineered Food Disclosure Standard, FSMA 204, Safe Food for Canadians) or buyer-initiated (ASN/Palletized ASN Programs). iTrade has you covered.

No more consolidating and cleaning data from disparate sources.

Business Health Monitoring
Evaluate the health of your business and compare your strategies to competitors. iTradeNetwork provides insight into which products and categories are moving the highest volume and have the best prices compared to the market average.

iTrade also provides procurement trends across the industry. In such a competitive market, knowing which products are trending or experiencing the greatest changes in purchase rates can help you take advantage of market opportunities.

Exception Management
Ideally, all orders would follow the ‘happy path’. But short-ships and late deliveries happen.

Using exception-based workflows and a unique Insights Dashboard, iTrade notifies buyers and suppliers of problem orders automatically. Reduce time searching through orders to confirm what needs your attention, and take action where it is needed immediately.

Contract and Pricing Evaluation
Small pricing adjustments can have a big impact on your bottom line. iTrade goes beyond traditional pricing data sources to create responsive pricing metrics based on a buyer’s size and how much of a commodity they buy.

For suppliers, iTrade doesn’t just collect rates, we measure opportunities.

And this is just a taste of what iTrade’s analytics can do…