CloudTrade is a fast-growing software company providing businesses with patented technology that allows them to automatically process invoices, orders and other business documents.
CloudTrade progressed well over 2019, winning a number of new customers and partners. Most notably in June 2019 the company’s solution went live on the SAP® App Center, the digital marketplace for SAP partner offerings and in December 2019 CloudTrade became available on the Blue Prism Digital Exchange. The integration of Cloudtrade into the systems of these leading technology companies is a key milestone and is expected to drive significant future demand for the company’s products.
CloudTrade provides a solution to a problem faced by many medium to larger sized enterprises – how to smoothly and efficiently process invoices and other business documents received in multiple different formats. CloudTrade’s patented software receives e-documents on behalf of the customer via a dedicated email address. Relevant information is automatically extracted with 100% accuracy from the email, with no manual intervention, converted to EDI or XML format and injected directly into the client’s processing system.
The Company already has an impressive list of reseller partners including IBM, DXC Technology, BT, Cegedim and Opus Capita, and impressive end users including Arco, Qantus, the Scottish Government and the NHS. The investment from Calculus will enable the company to invest in sales, marketing, delivery and finance, with the goal to capitalise on the global market opportunity and significantly increase sales.