Trade Technologies Surpasses $70 Billion in Total Transaction Value
Trade Technologies Reaches Significant New Milestone
Austin, TX (November 19, 2015) – Trade Technologies, the global leader for international trade document solutions, announced today that, since its founding, the Company has completed over $70 billion of international trade transactions on behalf of its customers worldwide. In total, Trade Technologies has completed 225,000 transactions – over 40% of these transactions were presented to the bank or buyer online.
“We are excited about reaching this new milestone. Trade Technologies’ provides a unique combination of trade outsourcing professionals to manage complex trade transactions along with patented technology for creating, managing and delivering original trade documents to banks and buyers,” said Kirk Lundburg, CEO of Trade Technologies. “Over the past 12 years, exporters and global trade banks have increasingly recognized that this combination significantly shortens payment cycles while eliminating errors and reducing risk and cost.”
Trade Technologies’ mission is to dramatically improve exporters’ profitability and efficiency by enabling a transition over time to a completely paperless and collaborative international receivables collections process. The company’s patented technology and business process lead the way in enabling multinational exporters 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 clients to streamline their operations, eliminate discrepancies, save money and accelerate payments.
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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