Press Releases
TradeBeam solution wins Mitsubishi Corporation IT President’s Award
San Mateo, CA, May 28, 2002—Mitsubishi Corporation chose the TradeBeam implementation initiative to receive the top honor of the global IT President’s Award for FY2001.
The biannual award, presented on April 11th in Tokyo, is awarded to teams that have developed a unique business idea that utilizes IT and has significant potential profitability for Mitsubishi Corporation in the future. The winning team within Mitsubishi received commendations from President Sasaki.
Mitsubishi recognized the TradeBeam initiative as a practical application of IT in actual business. “[The TradeBeam initiative] draws together our Chemicals Group know-how, iMIC functions, and software development capacity of venture corporations to bring about structural improvement and reformed business conditions via a high-expansion trade business platform.”
The award citation also pointed to the expected synergies with other company projects such as TEDI (The Trade Electronic Data Interchange), founded with the support of Japan’s Ministry of Economy, Trade and Industry. The system is being designed with the aim of achieving greatly enhanced efficiency and reduced costs in trade practices.
Daisuke Soejima (left) and Kahori Takazawa (right) receive the IT President’s Award for the TradeBeam initiative from President Sasaki
According to Mr. Soejima, “This award is an acknowledgement that our vision within Chemicals has materialized into a worthwhile business solution that is valuable to the entire Corporation.”
“This award validates both our partnership and the outstanding efforts of individuals within Mitsubishi and TradeBeam. This is a great honor and we look forward to continued success resulting from our relationship.” Graham RF Napier, CEO of TradeBeam.
About TradeBeam
TradeBeam, Inc. provides a business performance platform that enables enterprises and their trading partners to improve global trade cash flows. The TradeBeam solution manages the entire breadth of global trade functionality from order to logistics to settlement. Global enterprises as well as their logistics providers, banks, and other partners, achieve a new level of process, event, document, and workflow management. Through a simple Web interface TradeBeam provides Visibility, Accountability, Automation, Synchronization and Reconciliation for global trade.
About Mitsubishi International Corporation
As a wholly owned subsidiary of Mitsubishi Corporation of Japan, Mitsubishi International Corporation (MIC) is a unique knowledge-based company. Headquartered in New York City with 14 other locations across the continental United States, MIC offers a broad range of services to add value and create business opportunities for our customers. The company’s primary businesses are international trade involving commodities, consumer and industrial products; complex project management; and strategic finance and investment.