GE to Deploy Amber Road’s GTM Solution Worldwide

Amber Road announced today that GE will use its Global Trade Management (GTM) solution to centralize and automate trade functions worldwide across all eight of its business units.

With annual revenues of $147 billion and markets in nearly every country, GE is one of the largest and most global enterprises in the world. Its diverse range of products, the number of countries sourced from and exported to, as well as its significant international shipping volumes, all make GE’s global trade requirements some of the most complex in the business.

GE will use Amber Road’s GTM suite to consolidate and automate its trade operations within a new center of excellence (COE) program. This central group will manage trade for all eight GE business units, leveraging the software and content provided by Amber Road.

“GE is obviously taking a very strategic approach to global trade,” said Jim Preuninger, CEO of Amber Road. “They recognize that executing global trade in a best-in-class fashion can not only drive attractive financial returns, but also lead to competitive advantage.”

Click here to read the entire press release.

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The New World of Global Trade Management

Ty Bordner

The term “global trade management” used to mean one thing: compliance. Not anymore. Ty Bordner, VP of Product Management & Solutions Consulting at Amber Road, describes how GTM today embraces the whole experience of moving goods across borders: regulation, duty management, logistics, and, most of all, global supply-chain visibility.

In the past, each of those processes would have been handled by separate, non-integrated IT applications. But companies can no longer afford a fragmented approach. They are looking for a one-stop shop for their GTM solution. They want a single vendor that can provide a common platform for managing all of their critical requirements.

Discover the trends driving GTM to new heights in Ty’s article here at SupplyChainBrain.