As word gets out about the savings they can expect, companies are warming up to the idea of using global trade management (GTM) software to automate activities associated with international trade. By 2005, 40 percent of enterprises will be using the software, according to Aberdeen Group's new benchmark report, Navigating the Currents of International Trade. How much can they expect to save? The consultant claims that GTM software, which is designed to give users full visibility and control of the entire international transaction, saves users 9.8 percent on average.
The report's findings indicate that companies that have installed global trade management software are particularly happy with the improvements they've seen in international payment settlement, delivery times and profitability. Survey participants cautioned, however, that in order to effectively architect and manage a global supply chain, global trade intelligence and expertise and clearly defined crossborder business processes must be in place before investments in technology can be made.
For more information about the benchmark report, visit www.aberdeen.com.