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Innovative Russian Trading System TetraMall Goes Global - An innovative Global Trading System that asserts the capability to provide a flow of goods and services connecting Russia to the world, whether B2B or B2C, is now ready to enter the global market - TetraMall.com
Innovative Russian Trading System TetraMall Goes Global

 

NewswireToday - /newswire/ - New York, NY, United States, 2013/07/03 - An innovative Global Trading System that asserts the capability to provide a flow of goods and services connecting Russia to the world, whether B2B or B2C, is now ready to enter the global market - TetraMall.com.

   
 
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There are few international markets as coveted and at the same time difficult to approach by international merchants as Russia, with 142 million potential consumers and the SME segment dominating the trading sector with nearly 80% of the business. Characterized by a significant level of distrust toward foreign online commerce and an unease of doing business in other languages than Russian, getting a piece of the growing trade in Russia seemed an insurmountable challenge for a foreign new-comer to the market until recently.

The concept, one of a kind in the Russian market, was a major breakthrough for the local e-commerce and became an instant success, as Russia’s first trading system designed to provide an integrated and effective interaction between distributors, wholesalers, and major operators. The proprietary high speed synchronization protocol tracks stock, availability and price changes, simultaneously connecting the electronic inventory control system to the client’s own inventory and cash register, which insures that even purchases made offline are instantly deducted from the stock availability, while still preserving the possibility of pre-ordering the product in case of a temporary unavailability.

TetraMall Global Trading System (tetramall.com) provides a software package and full services for online sales in Russia, through a single integrated solution, dealing with each aspect of the trade, from call center operations, payment, shipping and delivery, to financial responsibility for marketing and advertising, all in exchange for a commission on sales. Charges on connection to the website or operating fees are non-existent. Moreover, TetraMall guarantees each transaction (based on a pre-paid order, another innovative approach to the e-commerce market in Russia) and takes full responsibility for the product return if the purchase is completed entirely through its platform.

The breakthrough of the solution came once the offline producers and traders grasped the overwhelming potential of having an online shop through TetraMall Global Trading System itself, with a national, and soon to be international exposure, without any prior investment or fees, whether IT or marketing related. TetraMall already caters to hundreds of businesses in Russia, acting as an agent managing retail operations for manufacturers and traders, and sharing the sales revenues with them.

The Russian booming online market, one of the fastest growing in the world, has been subjected to multiple studies over the past couple of years, involving major institutions such as PwC and Moscow Higher School of Economics, and covering 80 Russian and international market players, from eBay and DHL to local retailers. The latest study shows that e-commerce market (not including cross-border sales) reached $10.5 billion in 2011, $13 billion in 2012 and could well reach $50 billion before the end of the decade.

 
 
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Innovative Russian Trading System TetraMall Goes Global

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