Press Releases
TradeBeam Helps Drive Department of Homeland Security’s Operation Safe Commerce Initiative By Completing Deployment of Global Trade Management Solution
San Mateo, CA, November 2, 2004—TradeBeam, Inc., a leading provider of Global Trade Management (GTM) solutions, announced today that it has successfully completed two deployments of its software in support of the Department of Homeland Security’s (DHS) Operation Safe Commerce initiative.
Operation Safe Commerce (OSC) is a collaborative effort between the federal government, business interests and the maritime industry to develop and share best practices for the safe and expeditious movement of containerized cargo. Its goal is to protect the global supply chain while facilitating the flow of commerce.
Implemented in fewer than fifty days across two global trade lanes, TradeBeam’s solutions are providing real-time tracking, monitoring, exception management and reporting on dozens of physical and financial supply-chain events and exception conditions. The DHS manages security from foreign factory to port, for ocean and land transport of cargo shipping containers via TradeBeam’s GTM platform.
TradeBeam was selected to be a key participant in DHS’s Operation Safe Commerce trade lane trials because of its unique ability to monitor, evaluate and manage the physical and financial supply chains for inbound international shipments. The company’s software provides enterprises with the ability to detect and respond to potential security issues across their global operations.
“TradeBeam’s OSC solution focuses on improving security while enabling enterprises to achieve significant commercial benefits through increased international supply chain efficiencies,” said Todd Skrinar, a partner in the Consumer Products & Life Sciences practice at Unisys, who has been involved in the implementation. “TradeBeam is clearly a leader in building and deploying solutions for managing global trade.”
TradeBeam’s Operation Safe Commerce solution ensures shipment visibility and compliance for import processes that touch multiple systems and supply chain partners. Time-consuming and error-prone manual processes are replaced by an automated collaborative solution that provides supply chain event management, order management, party screening, risk management, trade documentation management, reconciliation and RFID tracking.
“Enhancing border security must provide both protection and commercial value in the form of reduced inventory, improved cash flow and profitability,” said Graham R. F. Napier, president and CEO of TradeBeam. “This combination of real business value and enhanced security provides a practical and commercially driven roadmap for improving national security.”
About TradeBeam
TradeBeam is a Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. TradeBeam’s solutions provide import and export compliance, inventory management, shipment tracking, supply chain event management and global trade finance solutions such as open account and letter of credit management. TradeBeam has over 3000 customers with users in over 100 countries worldwide.