Trade Technologies Surpasses $35 Billion in Total Transaction Value
Trade Technologies Hits New Threshold in Transaction Values
Austin, TX (November 18, 2011) – Trade Technologies, the global leader in international trade document solutions, today announced that, since its founding, it has processed over $35 billion of international trade transactions on behalf of its global customers.
"During times of economic uncertainty, exporters return to letters of credit and other traditional trade finance structures to strengthen their collection processes and assure liquidity for their international sales. Trade Technologies' ability to accelerate payment and provide visibility and certainty of payment under letters of credit and other complex trade structures is driving growth in spite of difficult credit markets," said Kirk Lundburg, CEO of Trade Technologies. "Our solutions provide an immediate and obvious return on investment for both large and small exporters."
Trade Technologies' web-based Global Trade Management Platform and professional outsourced services have dramatically changed antiquated, paper-based international payment practices. The Company's patented technology and business process lead the way in enabling exporters and freight forwarders to create accurate trade documents and to deliver original documents over the Internet to major international trade banks and buyers. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.
Earlier this year, Trade Technologies was awarded the Presidential "E" Award for Exports by the U.S. Department of Commerce. The "E" Awards are the highest recognition any U.S. entity may receive for supporting export growth.
Trade Technologies was founded in 1999. Over 1000 exporters, global trade banks and freight forwarders rely on Trade Technologies' software and outsourced services to process over $9 billion dollars in international trade transactions each year.
Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London,
Los Angeles, Mumbai, New York, San Francisco and Singapore.
About Trade Technologies
Founded in 1999, Trade Technologies is the largest global provider of outsourced trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.
The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 71 examination offices of 24 banks in 13 countries.
Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the Trade Technologies software platform and process.
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