As demand for international goods increases, so does the expectation that shipments will arrive on-time, without issue. Keeping pace with regulatory requirements and compliance documentation rules and formats is a necessity in today’s global business environment if you want to ensure shipments keep moving on schedule.
PRECISION Trade Compliance software provides the tools to maintain an effective trade compliance program for any type of shipment. Domestic, international, import or export, we give you the ability to automate compliance checks and audit your compliance processes to ensure due diligence with in-country regulatory programs or cross-border customs requirements.
“Know your Customer”
Global transportation management means operating in a security-conscious environment. , PRECISION Trade Compliance supports the guidance of “know your customer” through effective restricted party screening of trading partners and the management of partner questionnaires to store Status Verification Interface Participant (SVIP) identification numbers, C-TPAT or AEO survey information. With the click of a button, PRECISION Trade Compliance can instantly determine whether a potential trading partner flags a compliance issue against up-to-date information on embargoed country, restricted party, and business rules lists.
For the import and export of goods or intellectual property, the system identifies license requirements to help you manage the shipment of controlled items. If a license is required and available, the system will manage the license(s) by date, quantity and/or value.
Flexibility to Operate on Your Own Terms
The PRECISION Trade Compliance module gives you three ways to run trade compliance checks — ad-hoc, batch and transaction-based — offering flexible options to meet your company’s workflow needs at a given time.
- Automatic updates to trade compliance content & regulation changes
- Intelligent screening of trading partners, countries, restricted parties & more
- Smart “White Listing”
- Embargoed country screening
- License determination and management
- Data integrity and product-related compliance checks
- Trade partnership questionnaires
- Easy to use compliance management console
- Management by exception
- Audit trail and reporting