Trade Technologies Inc

A report from the International Chamber of Commerce highlights that Small Business Enterprises, or SMEs, represent about 95% of the total global economy. That is almost the complete scenario, but with a catch.  Despite being so dominantly present, SMEs have to cope with very limited access to financial assistance services and other strategies that could minimize the risks involved, a couple of things among many that are important for the long-term growth of any enterprise. This is where international trade finance facilitates abroad transactions for small, medium, and large companies.  There are many trade finance solutions that make it easy for SMEs to raise working capital for entering new markets. This is because it is the SMEs that find it the most challenging to secure funds for expansion.  International trade finance providers offer a lot of alternative options for financing, specifically designed to meet the requirements of SMEs. This is why in this post, we are...

Over the last few years, trade service and the manner of its delivery have witnessed a revamp of sorts. Things have become digitized to a significant extent, which is saying something.  However, the role and importance of documentation in any kind of trade service cannot be undermined at any point- traditional or digital. Irrespective of how it is, trade depends on the availability of information. You know we are right in this one. In this era of startups, there are a good number of those that have their business models solely reliant on the proper collection, segmentation, as well as trading of different types of information. Many organizations also don’t hesitate to charge a premium for such services, which says a lot about the sheer viability.  In organizations that have adopted a digital ecosystem to make operations simpler, good trade documentation software becomes vital, as documentation is one of the most complex processes to conduct promising trade activities. This ...

Call it the fact that a global pandemic had us by our necks, or that despite supposedly being ‘solid’ in terms of infrastructure, supply suffered one setback after another with the kind of restrictions in place, there seemed to be a big gap in how such emergencies had to be taken care of. For a few reasons like these and more, international trade has dominated headlines for a better part of these past two years. However, it’s a little unfortunate that a major part of this discussion has been around trade wars, tariffs, and a supposedly complex global trade sequence.  However, global trade technology has been a big missing plus from these discussions. There are a few challenges definitely, but the degree of innovation we have witnessed with the Fourth Industrial Revolution has been nothing short of promising, where existing processes have been made more inclusive and efficient. If we take the global trade scenario into perspective, technology and innovation have played a pretty sig...

Over the last decade or so, the face of document preparation services has completely changed and become completely digital. With this switch, companies have started to give a new level of attention to how they went about with their Document Management Systems or DMS for increasing their efficiency. The result has been the emergence of new trends in document preparation services, into which we will take a look at, for the year 2022. If you are an organization offering services of document automation and preparation, you need to keep a close eye on these trends.  According to us, these are the trends that will play an important role in 2022-  1- Higher Focus on Sustainability Sustainable practices have taken the front line with the topic of climate change being a dominant force, with organizations constantly forcing enterprises to adopt practices that could be helpful for the planet as a whole.  There is a sizeable chunk of customers who are mindful of the company they en...

As the world keeps evolving to become a better place for incorporating digital technology into its fold, the importance or relevance of data keeps on increasing with it. Data, in fact, has proven to be the biggest driving force of companies in making informed decisions that are based on true facts, and not mere hearsay.  The other thing very important that has gained more attention and focus is the documentation that comes with commercial business transactions and operations. In the case of international trade too, the same holds weight, making way for the need of a great  document management software .  However, there are a lot of document management software offerings out there in the market today, and it’s important to choose the right one that gets aligned with your needs perfectly.  Mentioned below are 5 important tips you need to put into consideration while choosing a document management software-  1- Consider an Experienced Vendor While e...

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...