Two US companies have announced a new web-enabled solution that reckons to track goods and payments in a way that can improve companies' supply chain management.

EasyLink TradeSmart is designed to track transactions from initial order to financial reconciliation, and includes letter of credit (L/C) progress tracking.

Operating efficiencies

Nasdaq-listed EasyLink Services Corporation and privately owned Trade Trans of Oregon claim their new solution could increase profitability, lower operating costs, and improve real-time operating efficiencies in supply-chain activities.

The solution is designed to offer data visibility reporting of order processing, fulfilment and financial reconciliation activities.

It also aims to serve as a real-time collaboration tool among suppliers, manufacturers, distributors, and retailers, and provide online performance analysis among trading partners.

Data flow

EasyLink says it transforms paper-based business processes into efficient electronic business processes.

Its systems claim to improve the flow of data and documents including L/Cs, purchase orders, invoices, notifications and confirmations, shipping orders, bills of lading and payment advices.

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