Press Releases
TradeBeam, Global Trade Management Leader Named as a Top 100 IT Logistics Provider
San Mateo, CA, May 4, 2005—TradeBeam, the leading provider of Global Trade Management (GTM) software and services, today announced that it has been selected as one of Inbound Logistics magazine’s “Top 100” in its annual listing of logistics IT providers leading the way in providing solutions that best meet the diverse and growing needs of the industry.
The Inbound Logistics Top 100 serves as a logistics IT decision support tool for evaluating solution providers with information technology characteristics that match companies’ specific needs. Inbound Logistics magazine’s editorial team evaluated applicants based on their software platforms, cost basis, compatibility with other solutions, global capabilities and industries served. The Inbound Logistics Top 100 has asserted themselves as the principal players in the industry.
“More and more companies are looking for complete solutions that go beyond niche provider’s capabilities,” said Felecia Stratton, editor of Inbound Logistics. “As a forward-thinking company, TradeBeam recognized this need early on and has proven the value in providing a single platform through customer growth.”
As the leading GTM provider, TradeBeam continues to expand its offering by developing applications to manage the lifecycle of a trade across domestic and international order, logistics and settlement activities. With its end-to-end GTM platform, TradeBeam has earned a strong reputation for helping its customers improve operating efficiencies and working capital. TradeBeam is enhancing its ROI to clients by offering its on-demand applications on a pay as you go basis to reduce the global trade cycle. According to P.J. Jakovljevic, a research analyst at Technology Evaluation, “The average global trade cycle of order through to settlement is 120 days, whereas a comprehensive hosted GTM solution, like the one from the industry leader TradeBeam, might reduce this cycle by an average of 12 days improving users’ cash flow by 10 percent or so.”
“We are pleased to receive this recognition for the second consecutive year and believe it’s a reflection of our commitment to providing solutions that streamline global trading processes for enterprises and their partners,” said Duncan Jackson, vice president of Marketing and Business Development for TradeBeam. “Our continued growth has been sustained by our ability to provide an integrated platform that gives our customers control and visibility across the physical and financial supply chain, so they can work with and manage their suppliers and carriers throughout the transaction life cycle.”
For the complete listing of the Inbound Logistics Top 100 and accompanying editorial, please see the April issue of Inbound Logistics or the magazine’s Web site.
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 integrated 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 3,000 customers with users in over 100 countries worldwide.