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SOURCE: Trade Technologies
Trade Technologies Achieves New Thresholds in Revenues, Online Presentations and Transaction Volumes
AUSTIN, TX (PRWEB) February 13, 2013
Trade Technologies, the global leader in international trade document solutions, announced today that in 2012 they surpassed their record-breaking performance for 2011. For 2012, Trade Technologies processed over $9 billion of international trade transactions -- completing over 28,000 transactions (up 12% from 2011) and achieving record revenues (an increase of 18% over 2011).
“We are very proud of Trade Technologies’ performance in 2012,” said Kirk Lundburg, CEO of Trade Technologies. “Our exporter customers rely on our industry leading services and patented technology to accelerate payment and minimize risk for their international trade transactions. Trade Technologies' ability to deliver a proven global solution from 10 worldwide locations and to immediately present original UCP 600 compliant trade documents online to over a dozen of the world’s largest trade banks clearly differentiated our services especially for large multinational companies.”
For the year, Trade Technologies completed over 11,000 fully electronic presentations of original letter of credit documents to major trade banks. Each of these presentations contained originals and copies of all required documents, including all types of original third-party “e-transport documents,” such as carrier bills of lading, house bills of lading, forwarder cargo receipts and air waybills. Since 2003, when Trade Technologies pioneered online presentations, Trade Technologies has successfully completed over 55,000 fully electronic presentations. In total, Trade Technologies has accomplished over 150,000 international trade transactions with a total value of over $45 billion since its founding in 1999.
Trade Technologies’ patented web-based Global Trade Management Platform and professional outsourced services have revolutionized archaic, 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.tradetechnolgies.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 2011, 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.
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