A software and services company providing solutions aimed at streamlining trading processes for businesses says demand is on the increase from companies wanting solutions that integrate physical and financial supply chains.

TradeBeam, claims that its products meet this demand and that more than US$2 billion in letters of credit (L/Cs) are already being processed through its applications.

Features and users

The company's products feature import and export compliance, landed cost, inventory management, shipment tracking, supply chain event management, as well as L/C, invoice and open account management.

Motor manufacturers appear to be a sector that is particularly keen on the integrated solutions. TradeBeam says that over half of the world's first tier original equipment manufacturers (OEMs) of automotive parts use the company's applications.

Unified view

TradeBeam also says that the company is set to release the latest version of itssupply chain event management application in March.

In this system TradeBeam says invoices, L/Cs and trade finance requests can all be tied to orders and transportation documents such as transport orders, shipping notifications and physical supply chain events, thus providing a unified view of all global trading activity from one screen.

This article represents the views of the author and not necessarily those of the ICC or any of the other partners in DC-PRO.