Trade Technologies Announces Record Transactions Value for 2010
Recovering Global Economy Accelerates Transaction Volume Growth
Austin, TX (January 20, 2011) – Trade Technologies, the global leader in international document solutions, announced today that during 2010 it processed over $9 billion of international trade transactions on behalf of its global customers. This represented an increase of $2 billion over 2009 results.
“Recovering global economies, improved commodities pricing and continuing credit concerns have combined to accelerate the growth in our total transaction value throughout 2010” said Kirk Lundburg, CEO of Trade Technologies. “Our services and technology help our customers accelerate payment for their export transactions by an average of 15 days for billions of dollars each year.”
Trade Technologies is changing international payment practices that, traditionally, relied on the paper-heavy process that had changed little since the days of Marco Polo. The company’s web-based Global Trade Management Platform and professional outsourced services lead the way in enabling exporters and freight forwarders to create accurate trade documents and to deliver original documents over the internet to most major international trade banks and buyers. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.
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 of 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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