An electronic service provider that helps organisations to remove paperwork clutter has joined the state-of-the-art Software Centre in Sunderland.
Cloud Trade, which helps clients to receive electronic invoices, orders and other business documents straight into their processing application, made the move as part of its strategy to centralise product development.
The company hopes the new base, in Tavistock Place, will help it move the business into its next stage of growth and ultimately work towards a goal of £1m turnover within the next two years.
Cloud Trade’s technology enables documents - in particular, supplier invoices - to be transmitted via email as PDFs, a standard output format for most applications. Cloud Trade reads the data embedded within and converts it into a format accepted by the recipient, offering businesses a fast, inexpensive and simple way to eliminate paper and manual processes from business transactions.
Set up in 2011 by technical director Richard Develyn, managing director David Cocks and sales and marketing director Richard Manson, the company was established to address a gap in the e-invoicing and e-trading market.
Develyn and Michael Thomson, of the company’s product development team, are now based at Sunderland Software Centre full-time, with the rest of the seven-strong team residing in Southampton.
According to Develyn, the company decided to create a Sunderland base after spotting the opportunities and infrastructure available for technology companies in the area.
Develyn said: “We’ve been fortunate enough to see Cloud Trade’s revenue double, as well as the transactions that flow across our network each year since establishing the company at the beginning of 2011.
“With ambitious plans and no sign of growth abating, it was time to establish a separate base for our product development engineers. Being an internet start-up that delivers cloud-based services, the Software Centre ticked all our boxes for quality of working facilities and access to business support and resourcing in the region.”