CDC Software’s TradeBeam Cloud Solution Used for the Chinese Government’s China Free Trade Area Service Network
July 06 2011 - 8:00AM
Business Wire
CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise
software provider of on-premise and cloud deployments, announced
today that China International Electronic Commerce Center (CIEEC),
an affiliate of the Ministry of Commerce of the People’s Republic
of China (MOFCOM), is using its CDC TradeBeam global trade
management software-as-a-service (SaaS) solution for the China Free
Trade Area Service Network.
The China Free Trade Area Service Network is hosted by MOFCOM
and managed by CIECC. This network allows users to view information
on trade policies within China’s free trade zones. The network is a
platform to improve domestic enterprise knowledge of the status of
the development and implementation of China’s free trade
agreements. MOFCOM Free Trade Area Service Network states:
“Currently, China and 28 countries and regions across five
continents have set up 15 free trade zones, among which 10
agreements have been signed already.”
CDC TradeBeam provides FTA trade data for the China Free Trade
Area Service Network, as well as supports the MOFCOM FTA website.
Customers can search the China Free Trade Area Service
Network for FTA information that includes up-to-date tariff
information for all FTAs signed with China, Chinese/English product
descriptions, most-favored-nation rates, general duty rates, FTA
preferential rates, rule of origin of 23 countries, and future duty
rates where applicable.
“The China Free Trade Area Service Network was established to
encourage domestic enterprises to make better use of the
preferential policies within free trade zones,” said Zhang Ce,
deputy general manager of E-government Department, CIEEC.
“Enterprises can benefit a lot from the official trade data in the
service network and learn how to take advantage of the cost savings
opportunities offered under the FTAs.”
“We are very proud that CIECC uses CDC Software’s TradeBeam
cloud solution to deliver content to the FTA Service Network,” said
Edmund Lau, senior vice president of CDC Software. “Our TradeBeam
team of experts is dedicated to collecting and updating the
ever-changing content required for efficient FTA operations. This
further illustrates how our CDC China and cloud solutions are
committed to this fast growing market.”
CDC TradeBeam is a cloud-based global trade management software
and services solution that streamlines global trading processes for
enterprises and their partners. CDC TradeBeam solutions, delivered
via an on-demand SaaS model, provide import and export compliance,
inventory management, shipment tracking, supply chain event
management, and global trade finance solutions.
About CDC Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a
hybrid enterprise software provider of on-premise and cloud
deployments. Leveraging a service-oriented architecture (SOA), CDC
Software offers multiple delivery options for their solutions
including on-premise, hosted, cloud-based software-as-a service
(SaaS) or blended-hybrid deployment offerings. CDC Software's
solutions include enterprise resource planning (ERP), manufacturing
operations management, enterprise manufacturing intelligence,
supply chain management (demand management, order management and
warehouse and transportation management), global trade management,
e-Commerce, human capital management, customer relationship
management (CRM), complaint management and aged care solutions.
CDC Software's recent acquisitions are part of its "integrate,
innovate and grow" strategy. Fueling the success of this strategy
is the company's global scalable business and technology
infrastructure featuring multiple complementary applications and
services, domain expertise in vertical markets, cost effective
product engineering centers in India and China, a highly
collaborative and fast product development process utilizing Agile
methodologies, and a worldwide network of direct sales and channel
operations. This strategy has helped CDC Software deliver
innovative and industry-specific solutions to 10,000 customers
worldwide within the manufacturing, distribution, transportation,
retail, government, real estate, financial services, health care,
and not-for-profit industries. For more information, please visit
www.cdcsoftware.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, and includes statements relating to our beliefs
regarding our solutions’ ability to address global trade
compliance, our beliefs regarding the adoption of CDC TradeBeam by
CIEEC and the reasons therefore, and our ability to continue to
address the content requirements of the FTA Service Network. These
statements are based on management's current expectations and are
subject to risks and uncertainties and changes in circumstances.
There are important factors that could cause actual results to
differ materially from those anticipated in the forward looking
statements including, among others: the conditions of market; the
continued ability of CDC TradeBeam solutions to address global
trade requirements; demand for and market acceptance of new and
existing global trade management solutions; and development of new
functionalities which would allow companies to compete more
effectively. Further information on risks or other factors that
could cause results to differ is detailed in our filings or
submissions with the United States Securities and Exchange
Commission, including our Annual Report on Form 20-F for the year
ended December 31, 2009, filed with the SEC on June 1, 2010, and
those of our ultimate parent company, CDC Corporation, located at
www.sec.gov. All forward-looking statements included in this press
release are based upon information available to management as of
the date of the press release, and you are cautioned not to place
undue reliance on any forward looking statements which speak only
as of the date of this press release. Results vary from customer to
customer based upon particular facts and circumstances. The company
assumes no obligation to update or alter the forward looking
statements whether as a result of new information, future events or
otherwise. Historical results are not indicative of future
performance.
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