TradeNet®, Singapore Customs

Since its inception in 1989, CrimsonLogic is the developer and operator of TradeNet® - the world's first nationwide electronic trade network that brings together the functions and requirements of over 35 controlling agencies. TradeNet® allows businesses to apply for and receive trade permits within 10 seconds via the Internet. 95% of all trade permits are processed within one minute while 97% of permits without customs declaration are processed within seconds. Studies have shown that TradeNet® generates an estimated savings of US$1 billion for Singapore's trading community.