Trade Technologies Inc

Businesses conducting their operations beyond borders have already understood and adapted to the benefits of a good global trade management system . Risk reduction, cost reduction, and several other factors come together to provide a great return on investment if you choose the right platform for your trade operations. If your company manufactures and provides digital products and the operations are spread beyond international borders, it’s more than likely that you already have a global trade management system in place.  There is also the presence of sophisticated trade finance solutions which take care of the complex financial supply chain, where the absence or lack of automation opens up the door to errors and misinterpretation that have the potential to lead to disastrous consequences. Trade is also evolving in complexity and prescribed guidelines, and the constant updates in the legal framework only mean that organizations relying on manual processes and the workforce will ne...

The world is still reeling under the impact of COVID-19, changing the scenario of the global trade economy as we understood it. Everything has become very uncertain, and it has become pretty difficult to plan things out to the last detail.  Despite all kinds of planning, uncertainty is always present in any particular situation, and no kind of ecosystem can ever be prepared for everything. Yes, the right trade service can help you with managing your workload, but there’s a lot more to this than meets the eye.  In this ‘new normal’ which we are coming to terms with, it would be unwise to say that industries have nailed the overall trade issues. There is still a lot of fight and grappling that needs to be done and looked after.  Keeping this in mind, we take a look at a few trade service trends that will be worth observing for in 2022-  1- Better Supply Chain Management, Keeping COVID-19 Guidelines in Mind Well within the two COVID waves we witnessed over the last cou...

Global trade management involves documentation obviously, but documentation is a very small part of the whole process. However, this documentation is also a complete process in itself, which needs a lot of attention, finesse, and professionalism to completely fulfill its purpose.  We take a look at the steps involved in the export shipping documentation process as per the prescribed standards of global trade management-  1- Receiving the Inquiry The very first step in the preparation of shipping documents is getting an inquiry from the customer interested in purchasing your product or service. A potential customer will be sending across a letter of inquiry with also a request to get a tentative or informal quote in the process.  2- Buyer-Location Verification The next step in the process after receiving an inquiry is to ensure if conducting business with them will actually be possible or not. For any trade service , it’s good to have customers that don’t belong to any ki...

Document management software has been the response of businesses all over the world as they move ahead on the path of digital transformation and adopt technology to scale their operations.  The impact of enhanced efficiency and accuracy has been phenomenal in terms of conversions and increased closure of deals. These are a couple of organization-focused attributes, while an elevated customer experience is what makes or breaks the long-term feasibility of such software.  As far as the types of document management software go, they can either be in-house or on-premises software (you can call it whatever you like) and then there is another type, which is a cloud-based document management software system.  We will be looking into the latter version of this document management software, and why it is always better to go ahead with a cloud-based one.  Cloud-based Trade Documentation Software- A Definition In simple terms, cloud-based trade documentation software refers t...

International trade binds major economic activities of the world together. Everything is interconnected. Worldwide financial supply chain management has extremely complex workflows between countries that source raw materials, process, and assemble them. Change in one part of the cycle affects the entire process end-to-end. Therefore, choosing an efficient Global Trade Management system is vital to identify and address your specific business processes.  Your Global Trade Management(GTM) system should provide thorough trade consulting services in terms of legal compliance, communication channels, and technology requirements.  Features Required in a Global Trade Management System  After identifying your needs on a wide scale and the means to meet them, search for the following essential utilities in the trade digital solutions available in the marketplace to be a part of your GTM framework.  1. Acts as a Compliance Database- A GTM must be an excellent document managem...