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TrueCommerce

truecommerce.com

Founded Year

1995

Stage

Private Equity - II | Alive

Total Raised

$46.06M

Last Raised

$40M | 2 mos ago

About TrueCommerce

TrueCommerce is an EDI solution. The company aims to revolutionize trading partner connectivity by linking suppliers, retail hubs, and end consumers in one global commerce network. The company was founded in 1995 and is based in Cranberry Township, Pennsylvania.

Headquarters Location

210 West Kensinger Drive Suite 100

Cranberry Twp, Pennsylvania, 16066,

United States

888-430-4489

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Latest TrueCommerce News

Electronic Data Interchange (EDI) Market Size to Hit $49.21 Bn, Globally, by 2027 – Exclusive Report by The Insight Partners

Dec 22, 2022

Global Electronic Data Interchange (EDI) Market – Industry Initiatives: The key companies profiled in the electronic data interchange (EDI) market include Mulesoft, LLC, SPS Commerce, Inc., TrueCommerce Inc., IBM Corporation, Cleo, The Descartes Systems Group Inc., Data Masons Software LLC, crossinx GmbH, EDICOM, and Comarch SA. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year. 2020: Cleo and C&A partnered to develop digital ecosystems. The businesses through this partnership which depend on SAP ERP and JD Edwards will be entitled to extend their reach to those applications via cloud-based B2B/EDI integration technology. 2020: Data Communications Solutions (DCS) and Cleo partnered to help enterprises remodel their B2B steps by focusing on EDI & API integration, majorly for ERP systems. 2019: EDICOM announced the deployment of e-invoicing across Denmark, over the  the PEPPOL BIS 3 format as well as PEPPOL European network Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00006160 2019: The TrueCommerce ecUtopia EDI Solution was selected by Cavender's, which is a supplier community and enhance the supply chain efficiency 2019: The TrueCommerce's Transaction Manager platform was selected by Century Home Fashions, for integrating with Spire ERP to process key business documents such as purchase invoices and orders. Therefore, continuously format transactions with well-known retailers across the North American region The major stakeholders in the global EDI market ecosystem include solution and service providers, EDI solution providers, cloud service providers, government organizations, tax authorities, industry associations, regulatory bodies and end users. Solution and service providers provide various components/parts/equipment to EDI solution/system providers. The service providers offer cloud storage services for cloud-based EDI solutions. The growing demand for low cost, flexible, and easy to use cloud-based solutions among businesses worldwide is anticipated to drive the demand for these solutions at an impressive pace in the coming years. Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006160 Electronic data interchange (EDI) is a process of transaction of business documents basically standard electronic format between the organization and trade partners. EDI helps the organization and guarantees about the business-critical data to be sent on time. The EDI replaced traditional business communication with mail preparation and handling automatically. Though, it helps the organizations to standardize the information interchanged via business documents, which makes it a paperless exchange. The EDI solutions permit organizations to enhance the overall workflow performance, which is one of the significant factors that drive the global EDI market during the forecast period. The fast and accurate processing of EDI documents leads to less repeated work, fewer canceled orders, and fewer stock-outs. However, the disadvantage of electronic data interchange (EDI) comprises of high implementation cost with the time-consuming deployment of the solutions. Furthermore, these solutions require constant maintenance as the overall workflow of the organization's business depends on it. The mounting trend of digitalizing the business documents for efficient processing, several compliances are implemented, which boosts the transition from paper-based invoices to electronic invoices worldwide. The successful integration of EDI solutions globally and its benefits are driving other countries such as Bolivia, France, various others to implement EDI mandates in the forecast years. Global Electronic Data Interchange (EDI) Market – Growth Drivers: Invoicing is a significant function in all business segments, including B2B and B2C, which needs a substantial amount of resources in terms of workforce, cost, and time. With the rising adoption of e-invoicing, businesses can save substantial costs related to invoicing generation and transmission to end customers. The automation of the invoicing process through e-invoicing will result in various strategic and operational benefits for buyers, suppliers, and managers. A few of these advantages of using EDI solutions include reduced costs, increased accuracy, faster payments, and enhanced productivity, improved cash management, environmental benefits, and improved compliance. Thus, the acceptance of innovative and digitalized solutions, such as EDI solutions, drives the growth of the market globally. Buy Premium Copy of Electronic Data Interchange (EDI) Market Growth Report (2020-2027) at: https://www.theinsightpartners.com/sample/TIPRE00006160 Key findings of the study: As digital technologies are constantly transforming across the globe and revolutionizing the business processes by improving operational efficiency at reduced costs, large and small enterprises are investing in cloud computing, EDI solutions, web apps, artificial intelligence, predictive analytics, the internet of things, big data, and among others. The growing adoption of cloud computing is one of the significant factors for the deployment of EDI technology and service consumption models. Organizations are focusing on applications, data, connections, and integration with the cloud, which includes EDI. The potential of digital transformation and process automation is to create unparalleled opportunities for businesses in order to create more value and increased revenue. Invoicing is a significant function in all business segments, including B2B and B2C, which needs a substantial amount of resources in terms of workforce, cost, and time. Along with the generation of paper-based invoices, a large number of e-invoices are generated on a daily basis, thereby decreasing the overall productivity cost of the business. With the rising adoption of e-invoicing, businesses can save substantial costs related to invoicing and transmission to end customers. The automation of the invoicing process through e-invoicing will result in various strategic and operational benefits for buyers, suppliers, and managers. A few of these advantages of using EDI solutions include reduced costs, increased accuracy, faster payments, enhanced productivity, improved cash management, environmental benefits, and improved compliance. Thus, the acceptance of innovative and digitalized solutions, such as EDI solutions, drives the growth of the market globally. Browse other research published by The Insight Partners:  Healthcare EDI Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Component ( Solutions, Services ); Delivery Mode ( Electronic Data Interchange(EDI)Van, Web and Cloud-Based EDI, Point-To-Point EDI, Mobile EDI ); Transaction Type ( laims Management, Healthcare Supply Chain ); End User ( Healthcare Payers, Healthcare Providers, Medical Device and Pharmaceutical Companie, Pharmacies ) and Geography Intelligent Document Processing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Organization Size (SMEs, Large Enterprises); Deployment (Cloud, On-Premise); Technology (Natural Language Processing (NLP), Optical Character Recognition (OCR), Machine Learning (ML), Artificial Intelligence (AI), Others); Industry Vertical (BFSI, Government, Healthcare, Retail, Manufacturing, Transportation and Logistics, Others) and Geography Document Imaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Hardware, Software); Deployment Type (Cloud, On-premises); End-user (Educational Institutions, Government, Enterprises, Law Firms, Others) and Geography Document Analysis Market to 2027 - Global Analysis and Forecasts by Solutions (Products and Services); Deployment Type (Cloud and On-premise); Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)); Industry Vertical (BFSI, Government, Healthcare, Retail, Manufacturing, and Others) Data Classification Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Solution (Solution, Services); Application (GRC, Web, Mobile, and Email Protection, Others); Vertical (BFSI, IT and Telecom, Media and Entertainment, Retail, Education, Healthcare, Others) Data as a Service Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment (On-Premise, Cloud); Enterprise Size (SMEs, Large Enterprise); Industry Vertical ((BFSI, Retail, Education, Government, Others) and Geography Data Mining Tools Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Deployment Model (Cloud and On-Premises); Business Application (Finance, Sales & Marketing and Supply Chain & Logistics); End-User (BFSI, Retail, Healthcare, IT & Telecom, Manufacturing, Energy & Utilities, Government and Others) Data Center RFID Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solutions, Services and Verticals Data Lake Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment Type (On-Premises, Cloud); End-user (BFSI, IT and Telecom, Retail and Ecommerce, Manufacturing, Healthcare, Government, Others) and Geography Data Collection Tools Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Data Type (Speech Data, Conversational Data, Text-to-Speech Data, Image and Video Data, Others); End-User (Automotive, Government, Healthcare, Financial Services, Retail, IT and Telecom, Others) and Geography About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi

TrueCommerce Frequently Asked Questions (FAQ)

  • When was TrueCommerce founded?

    TrueCommerce was founded in 1995.

  • Where is TrueCommerce's headquarters?

    TrueCommerce's headquarters is located at 210 West Kensinger Drive, Cranberry Twp.

  • What is TrueCommerce's latest funding round?

    TrueCommerce's latest funding round is Private Equity - II.

  • How much did TrueCommerce raise?

    TrueCommerce raised a total of $46.06M.

  • Who are the investors of TrueCommerce?

    Investors of TrueCommerce include Welsh Carson Anderson & Stowe, Accel-KKR, HighJump Software, Edison Partners, Western Pennsylvania Adventure Capital Fund and 3 more.

  • Who are TrueCommerce's competitors?

    Competitors of TrueCommerce include Etvas and 2 more.

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