A Little Guy Makes Global Business Easies for the Little Guys

DE Technologies, a tiny private company with only six employees, has patented a technology for using the internet/intranet to process sales globally. Intended for small and medium-sized enterprises, development of the technology was stimulated by the frustrations that DE Technologies' founder encountered while attempting to arrange international trade deals in Russia for his own small company. Traditional systems for international trade, involving multiple, inefficient, and time-consuming layers of vertical service industries, can require 20 or more forms and 60 days to complete and cost 5 to 40 percent of the cost of the total transaction.
With this system, which is called the Electronic Commerce backbone System (ECBS), small and medium-sized firms can automatically export and import goods and services without previous international trade experience. The ECBS allows buyers/sellers to buy american products in the currency of the destination country, view product descriptions in the language of the destination country, view digital still or motion video displays of the products for sale, and view the calculations and displays of prices for air, land, and sea transportation; it also ensures direct payment of goods via credit cards or documentary credit.
Procedures such as the preparation and filling of export-import documents, freight, insurance, titles, letters of credit, pro forma invoices, and bills of landing are done by the program. This eliminates the necessity of engaging foreign freight forwarders, export and import agens, and other international channels of distribution members. thus, ECBS reduces the costs of ocean and air freight, banking, and human resources.
Small and medium-sized businesses can become members by paying a small membership fee, which gives them access to the ECBS. A transactional fee of 0.3 percent also is levied. according to the founder of DE Technologies, "the capability of the system will allow thousands of SMEs to compete effectively in the import/Export business with 'the Big Guys' as the barriers to entry will be lowered tremendously."
the ECBS can be supplemented with the Borderless order Entry System (Boes), a patented process to electronically manage international trade transactions in an integrated manner. It can allow companies to create and file necessary electronic documents (in any currency or language), monitor and track steps in the transaction, calculate applicable freight costs as well as taxes and duties, and perform financial arrangements of a sophisticated nature. the result is a reduction of a much as 30 percent in the costs of conducting international trade transactions. SMEs can export and import products from any nation, using the internet and intranets, and thereby expand market share in international markets.