The Evolution of Trade Management: From Traditional Methods to Cutting-Edge GTM Software Solutions
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A Global Trade Management (GTM) software suite helps businesses efficiently manage and streamline cross-border supply chain processes. This suite enables organizations to handle trade finances, compliance, documentation, shipments, and third-party logistics (3PLs) seamlessly. It centralizes the optimization, automation, and monitoring of workflows to manage the flow of information, finances, and goods. Additionally, it addresses the complexities of international trade, which involves various modes of transportation, trade partners, languages, time zones, and currencies. The growing trend in the GTM software market is the increased adoption of cloud/SaaS-based deployments. While many large enterprises still prefer on-premise deployments, most small to medium-sized businesses (SMBs) and many large organizations are moving towards cloud-based GTM solutions. Several major GTM vendors now successfully offer cloud-based deployments to enterprise customers. Another significant trend ...