Trade Technologies Surpasses $50 Billion in Total Transaction Value
Trade Technologies Reaches Significant New Milestone
Austin, TX (August 29, 2013) – Trade Technologies, the global leader in international trade document solutions, announced today that, since it was founded, the Company has completed over $50 billion of international trade transactions on behalf of its global customers.
“This most recent important milestone demonstrates that in good times and bad, letters of credit and other traditional trade finance structures provide exporters with the necessary security and certainty of payment to enable export sales to developing countries,” said Kirk Lundburg, CEO of Trade Technologies. “It also illustrates the continuing value of the Trade Technologies suite of trade document solutions. Our technology and global network of trade professionals located in 13 offices worldwide, are working constantly to reduce collection times, fees and penalties for our customers. Our patented process to immediately present original UCP 600 compliant trade documents online is now in place with over a dozen of the world’s largest trade banks to accelerate payment and reduce cost and risk for our customers.”
Trade Technologies’ patented web-based Global Trade Management Platform and professional outsourced services have modernized antiquated, paper-based international payment practices to provide exporters with consistency, predictability and visibility into global collections processes. 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.
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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