-- 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.
Contact Information: Contact: Casy Jones Ruder Finn 312-329-3976 jonesc@ruderfinn.com