Trade Technologies Inc

Industries all over the world have been taking those extra steps to take their products and services to customers. Manufacturers like to term this as a supply chain, a term that encompasses different processes, people, and more, involving the transfer of goods and services from the manufacturer to the customer.  In a similar manner, trade service has to take care of a supply chain that’s entirely devoted to the financial nature of transactions. This is what financial supply chain management entails.  Financial supply chain management- What is it? Financial supply chain management or FSCM refers to the process of analyzing financial processes taking place in a comprehensive manner and not looking at them as individual processes. The financial supply chain management process entails steps like working capital management, procure-to-pay cycles, and order-to-cash cycle business.  The goal of financial supply chain management is to ensure achievement and take care of the vis...

Digitization has made it possible for businesses to come out of numerous manual processes and embrace the digital route. With something as substantial as payments even going the digital route, there’s no mistaking the kind of impact that the new digital world has made.  Digital intricacies have also made their presence felt in the way international trade is done between importers and exporters of different countries in the world. With the advent of trade documentation software , it has become simpler to ensure compliance during a trade.   The document control process is a very crucial part when it is about trade that spans across borders. With large order volumes and the costs involved being exorbitant, the process itself becomes all the more critical.  What are Document Control Procedures? Document control procedures refer to a set of methods or processes that are concerned with the creation of frameworks about how documents get approved, changed, or updated.  ...

  International trade is a complex business operation to undertake. While it’s obvious that any kind of trade involves finance, international trade makes the financial aspect of it all the more pronounced and important. This is why it’s crucial to keep all your finance-related resources in check if taking up an international business is something you have been thinking about. International trade brings with it the need to set up the right plan and then back it up with the right amount of funds to survive. Not just the funds, the documents need to be set right too. Let’s analyze things in a little more detail. International Trade- What is it? Simply put, international trade refers to the import and export of goods and services between two business entities, where both are located in two different countries and are governed by different trade laws, agreements, and guidelines. Demand and supply are two of the biggest factors responsible for trade to exist in this world....