Trade Technologies Completes $75 Billion of Transactions and Over 250,000 Trade Document Transactions
Global Leader's Patented Solution Breaks New Dollar and Volume Thresholds
Austin, TX (September 20, 2016) – Trade Technologies, the global leader for international trade document solutions, announced today that, since its founding, the Company has completed over $75 billion of international trade transactions. In total, Trade Technologies has completed 250,000 transactions on behalf of its customers worldwide. Over 40% of these transactions were digitally presented to the bank or buyer.
“We are excited about reaching these new milestones. Trade Technologies provides a unique combination of trade professionals to manage transactions in real time along with a patented cloud-based technology for digitizing and automating trade documents,” said Kirk Lundburg, CEO of Trade Technologies. “Over the past 13 years, exporters and global trade banks have increasingly recognized that this combination significantly shortens payment cycles while eliminating errors and reducing risk and cost.”
Since its founding in 1999, Trade Technologies’ technology and business processes have lead the way in enabling exporters to create accurate trade documents and deliver original digital documents online to major international trade banks and buyers. The Company’s patented web-based Global Trade Management Platform and professional outsourced services have dramatically changed antiquated, paper-based international payment practices. Trade Technologies enables exporters 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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