Global Trade Management Platform recognized for improving profitability
June 11, 2012/AUSTIN, TX—Trade Technologies, the global leader in international trade document solutions, announced today that it was voted the Best Trade Finance Tech-Solutions Company in the Awards for Excellence 2012 by Trade Finance magazine.
In its 14th year, the Awards for Excellence program is an annual event that is based on a readers' poll. Readers are asked to vote for the best institutions in specific global trade sectors. The companies are recognized for providing solutions and services that meet the needs of their clients in outstanding ways. Winners are honored at an awards dinner in London on June 21, at The Sheraton Park Lane Hotel.
“Being recognized as the Best Trade Finance Tech-Solutions Company is an honor and true testament to the value that our digital trade document solutions bring to our global clients,” said Kirk Lundburg, CEO of Trade Technologies. “During these times of economic uncertainty, we are delighted to provide our clients with a service that immediately offers a significant improvement in their profitability through accelerated receivables collections, lower transaction costs and enhanced transaction reporting.”
According to Oliver O’Connell, editor of Trade Finance magazine, “The importance of independent trade solutions providers to the trade finance industry is more important than ever given the need to increase efficiency and improve visibility in the financial supply chain. Trade Technologies’ win in this category of the Trade Finance Awards for Excellence demonstrates a real vote of confidence from the firm’s clients.”
Trade Technologies is rapidly changing international payment practices that have traditionally relied on paper-heavy processes. The company’s web- based Global Trade Management Platform and professional outsourced services enable exporters and freight forwarders to create and deliver accurate trade documents to major international banks and buyers online. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.
Since its founding in 1999, Trade Technologies has completed more than 40,000 fully electronic presentations of original letter of credit documents to major trade banks and has processed over $40 billion of international trade payments. Company milestones in 2011 include, opening an eleventh office in Chicago, adding 150 new clients, being awarded a patent on the Trade Technologies software platform and process, and winning 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.
Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London, Los Angeles, New York, San Francisco, Seattle, and Singapore.
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 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 1,500 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 50 examination offices of 17 banks in 12 countries.
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 agency of 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.