CHALLENGES & SOLUTIONS
The appeal of sourcing low-cost goods from foreign markets and balancing supplier risk has bolstered imports around the world. As companies continue to look to foreign markets as a means to grow top-line revenues, exports have boomed.
Unfortunately, the import & export compliance challenge has mushroomed, and so has the risk of regulatory violations. Many exporters struggle to effectively screen potential customers against restricted party lists, determine license requirements, perform export compliance checks, and generate international trade documents. Importers must comply with complex country-specific trade regulations, calculate variable duties, taxes, and fees, and manage related logistics challenges.
Import/Export Management solution allows importers & exporters to adopt best-practice trade processes on a global level, have a centralized view of compliance, and manage a diverse product portfolio. We facilitate communication between parties throughout the entire purchase order and shipment process, accurately track, manage and report on all cross-border duties, taxes, and fees.