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TRADEPAQ OpenTrade Review

Product Snapshot

Product Pricing

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Product is a SaaS solution that requires no additional hardware.

Customer Focus

Vendor works with trading, banking, logistics and exchange companies.

Select Customers

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About TRADEPAQ OpenTrade

TRADEPAQ OpenTrade TRADEPAQ OpenTrade is supply chain management and collaboration software that provides users with management tools for documents, compliance, reconciliation and settlement processes. The platform supports the full end-to-end procurement-to-payment and order-to-cash cycle processes, and is designed to manage the trade processes and information that support the user’s cash, accounts and working capital.

The software is equipped to optimize accounts payable and receivable, cash management processes, working capital, transaction costs, risk and administration operations. Additionally, the platform connects purchase orders and invoices to the user’s bank account in order to ensure real-time financial management, is Java-based using industry standards in order to deliver multiple financial supply chain management modules, and links, gathers and distributes all required information across the full trade chain.

About the Company

TRADEPAQ was founded in 1978 and is headquartered in Jersey City, New Jersey.


TRADEPAQ OpenTrade Key Features

  • Based on BankTrade’s enterprise document management platform
  • Reduces time required to create, transfer and processes paper documentation
  • Reduces instances of manual data entry and resulting errors
  • Based on industry standards including XML and XSL
  • Works to reduce bank disputes from missing and inaccurate data


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