- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Trade Management Platform vendors
- MIC, with its comprehensive technology for Global Trade Management, receives strong ratings across the parameters of technology excellence and customer impact
4th December 2023: Quadrant Knowledge Solutions announced today that it has named MIC as a Q4, 2023 technology leader in the SPARK Matrix analysis of the Global Trade Management market.
The Quadrant Knowledge Solutions SPARK MatrixTM: Global Trade Management, Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Global Trade Management vendors in the form of its SPARK Matrix. It gives users strategic information to evaluate vendor capabilities, competitive differentiation, and market position.
Quadrant Knowledge Solutions defines Global Trade Management (GTM) as a comprehensive software suite that empowers businesses to efficiently manage and streamline their cross-border supply chain operations. This suite equips organizations with the means to handle trade finances, compliance, documentation, shipments, and third-party logistics (3PLs) seamlessly and effectively. GTM software serves as a centralized hub, optimizing, automating, and monitoring workflows to regulate the flow of information, finances, and goods. It tackles the intricate aspects of international trade, which involve multiple modes of transportation, diverse trade parties, languages, time zones, and currencies.
According to Nithin B, Analyst, Quadrant Knowledge Solutions, "MIC empowers organizations with comprehensive GTM software-as-a-service suite that exhibits scalability, transparency, flexibility, and seamless integration capabilities. This suite empowers enterprises by automating crucial trade management and supply chain processes while offering digital integration across all trade partners. MIC utilizes AI/ML to speed up and optimize existing processes and capabilities to offer reduced costs, enhanced customer experience, reduced risk and faster operations. It also provides direct automated electronic customs clearance data exchange with the appropriate national authorities globally for numerous customs regimes”. Nithin adds, "MIC has received strong ratings across the parameters of technology excellence and customer impact and has been placed as a leader in the SPARK MatrixTM: Global Trade Management, Q4, 2023 owing to its comprehensive & innovative Global Trade Management (GTM) platform, a compelling vision & roadmap, an extensive GTM vendor ecosystem, year-on-year growth, complete product offerings with support services, and in-depth domain experience."
Quote by MIC
“Companies that operate internationally must deal with global customs clearance and trade compliance regulations and comply with them. We provide a multinational customs and export control software solution platform in the cloud for smooth and automated customs and trade compliance processes. An important part of our service is a kind of “all-round worry-free package” that includes the necessary maintenance, support, and updates of all legal changes as well as regular automated trade content update feeds. We are excited that Quadrant Knowledge Solutions has positioned MIC as the Leader for Global Trade Management Software Solutions!”
MIC is the worldwide leading provider of global customs and trade compliance software solutions. More than 800 customers in 55+ countries on six continents use MIC customs and trade compliance software. We specialize in the integration of global customs and trade compliance systems based on specific corporate structures and consider regional and national legal requirements. We ensure efficient customs operations and compliance within the legal frameworks. 1 GTM Source System with 1 GTM Compliance Database, 1 Graphical User Interface, and 1 consistent Maintenance & Support Service – worldwide.
MIC is the only privately owned and financially independent global software vendor in the international customs and trade compliance arena with one single IT platform. This allows us to be flexible and quick, powering us to a considerable competitive advantage in these continuously changing, fast-paced and dynamic times.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as the strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
Quadrant Knowledge Solutions:
Mr Ajinkya Ingle
Quadrant Knowledge Solutions
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Middleton Massachusetts 01949
Email: [email protected]
Phone: (+1) 978-605-1066