Textrade.com Introduces Online Document Management
April 11, 2001
NEW YORK - Textrade.com, the U.S.-based, online trading platform and information resource for the global textile commodities industry, has added a new feature to its site.
TextradeOffice is a document management solution that enables member companies to work in concert with their trading partners via the Internet. Through it, Textrade said, trading partners can communicate more efficiently about the status of inbound and outbound shipments and share documents relevant to the procurement process. The system also integrates different businesses' existing information technology systems to create a private data network.
''What this means is that TextradeOffice eliminates the paper chase associated with international trade,'' said Patrick Tan, Textrade's Chief Technology Officer. ''All import/export documentation from a company's suppliers and customers is organized in a virtual folder that is accessible 24 hours a day, 7 days a week from anywhere in the world. There's no more calling customers for missing documentation. No more lost faxes.''
www.textrade.com is a multi-faceted site with a secure global trading platform for textile commodities, fulfillment, financing and logistics. It also provides international textile news, information and analysis, as well as financial services for buyers and sellers of commodity fiber, yarn and unfinished fabric around the world.
Textrade.com is the successor of the Global Textile Network Inc. (GTN), which was established in 1996 by Jeffrey Silver, chairman, and by Robert Cox Jr., CEO. Silver and Cox are international textile traders with more than 40 years of combined experience and are in partnership with Switzerland-based La Commerciale SA.
Textrade developed its software solutions in collaboration with major textile mills and trading companies internationally, a number of which have requested to serve as pilot customers for TextradeOffice and other of the company's Internet-based solutions.
The company has an international network of offices and agents in twelve countries, providing local sales and customer support in the major textile trading regions around the world. It also has its own in-house technology and editorial staff. Members include representatives from companies and organizations such as Alice Mills, Burlington Mills, ChinaTex, CMI Industries, East Asia Textiles, Noble Mills, Springs Industries and Taiwan Textile Federation.
The company's initial launch was financed by a $1.5 million investment from its founders, in addition to subscriber and advertising revenue. Investors include venture capital firms ETF Group (European Technology Fund), Draper Fisher Jurvetson Gotham Ventures and Chazen Capital.
TextradeOffice is a document management solution that enables member companies to work in concert with their trading partners via the Internet. Through it, Textrade said, trading partners can communicate more efficiently about the status of inbound and outbound shipments and share documents relevant to the procurement process. The system also integrates different businesses' existing information technology systems to create a private data network.
''What this means is that TextradeOffice eliminates the paper chase associated with international trade,'' said Patrick Tan, Textrade's Chief Technology Officer. ''All import/export documentation from a company's suppliers and customers is organized in a virtual folder that is accessible 24 hours a day, 7 days a week from anywhere in the world. There's no more calling customers for missing documentation. No more lost faxes.''
www.textrade.com is a multi-faceted site with a secure global trading platform for textile commodities, fulfillment, financing and logistics. It also provides international textile news, information and analysis, as well as financial services for buyers and sellers of commodity fiber, yarn and unfinished fabric around the world.
Textrade.com is the successor of the Global Textile Network Inc. (GTN), which was established in 1996 by Jeffrey Silver, chairman, and by Robert Cox Jr., CEO. Silver and Cox are international textile traders with more than 40 years of combined experience and are in partnership with Switzerland-based La Commerciale SA.
Textrade developed its software solutions in collaboration with major textile mills and trading companies internationally, a number of which have requested to serve as pilot customers for TextradeOffice and other of the company's Internet-based solutions.
The company has an international network of offices and agents in twelve countries, providing local sales and customer support in the major textile trading regions around the world. It also has its own in-house technology and editorial staff. Members include representatives from companies and organizations such as Alice Mills, Burlington Mills, ChinaTex, CMI Industries, East Asia Textiles, Noble Mills, Springs Industries and Taiwan Textile Federation.
The company's initial launch was financed by a $1.5 million investment from its founders, in addition to subscriber and advertising revenue. Investors include venture capital firms ETF Group (European Technology Fund), Draper Fisher Jurvetson Gotham Ventures and Chazen Capital.
