This 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
Austin, TX (PRWEB) 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.
About Trade Technologies
Founded in 1999, Trade Technologies (http://www.tradetechnologies.com) 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 Global Trade Management 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 1,200 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process over $9 billion in international trade transactions each year. Trade Technologies was recently voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2010, the Company was awarded a patent on the Trade Technologies software platform and process, and won the Presidential “E” Award for Exports by the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth.