SOURCE: TradeBeam

January 22, 2007 09:00 ET

TradeBeam Joins With Oracle to Drive Comprehensive Global Trade Management

Connects Powerful Global Transportation and Global Trade Management Solutions for Leaner, More Efficient Global Supply Chains

SAN MATEO, CA -- (MARKET WIRE) -- January 22, 2007 -- TradeBeam, Inc., a leading provider of Global Trade Management (GTM) software and services, today announced that they are working with Oracle to help customers drive lean global supply chains.

The combination of TradeBeam and Oracle solutions can provide shippers and logistics providers with lean logistics and global trade management solutions that optimize physical supply chain processes, cross-border trade compliance, trade finance and working capital management across global operations. By using the combined solution, customers can achieve an unprecedented level of supply chain automation and ensure that goods are delivered in the most efficient and cost-effective manner possible for all supply chain partners involved.

TradeBeam is developing an integration of its GTM application suite to Oracle's International Trade Management (ITM) adaptor. Beyond that, the two companies intend to work together to develop further integrations for their respective applications, which cover each process involved in cross-border trading. Generally, Oracle Transportation Management will contribute a sophisticated global logistics platform, and TradeBeam will provide GTM applications and its robust database of global trade content to the customer.

Some unique capabilities of the combined solution include:

--  Export and import shipment visibility and trade compliance
--  Global trade content management across 54 countries
--  Track letters of credit and payments
--  Centralize supply chain performance measurement and monitoring
    information
--  Manage payment terms for international financing
--  Process cross-border insurance claims
--  Collaboratively manage inventory throughout global supply chains
--  Monitor supply chain events, track shipments and manage purchase order
    lifecycle
    
A few benefits customers of the combined solution can expect include:
--  Mitigate risk in import / export processes and regulations
--  Improve import / export cycle times through proactive exception
    management on shipment tracking, trade document management and compliance
--  Decrease "days sales outstanding" by improving fulfillment throughput
    and trade financing
--  Reduce payment cycles through automated and centralized cargo
    insurance processing, management and reporting
--  Minimize overtime runs and expedited shipments through proactive
    contingency planning and monitoring
    
"We are excited to be working with a leader and innovator like Oracle," said Andrew Salentine, vice president of corporate development for TradeBeam. "Their focus on driving global transportation management to peak efficiency is well complemented by TradeBeam's concentration on compliance with complex trade regulations worldwide and the financial aspects of global trade as well as the visibility into that entire process. We believe that integrating our two offerings represents an ideal opportunity for companies to automate as well as optimize their global supply chains and create a real competitive advantage."

The combined solution will be marketed to existing customers of each company as well as to the broader market of organizations engaged in international trade. As a first step toward that end, the two companies unveiled their plan to integrate offerings at a recent automotive industry event they co-sponsored in Dearborn, Michigan, which featured speakers from another sponsor Capgemini, the Center for Automotive Research, Exel/DHL, Ford Motor Company and Michigan State University.

TradeBeam is a member of the Oracle® PartnerNetwork.

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 17,700 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer to their customers, leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels.

About TradeBeam

TradeBeam is an on-demand 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. For more information, please visit www.tradebeam.com.

Copyright © 2007 of TradeBeam Holdings, Inc. and all its subsidiaries ("TradeBeam"). All rights reserved. TradeBeam and logos; included but not limited to, TradeBeam 3.0 GTM Application Suite, i-Supply, and TradeBeam Solution Blueprints are trademarks of TradeBeam. Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. All other company, product and brand names are the trademarks of their respective owners.

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