Join us on November 28th, 2018 at 1:00 pm CST for a 30 minute webinar where Precision Software's Olivier Joncas will discuss FTA compliance and perform a live demonstration of our FTA software solution. To register, please click here.
FTA compliance offers a clear commercial advantage — preferential duties. When goods qualify for preferential treatment, duties are reduced or eliminated. If you can sell or import products with zero tariffs, you can reduce cost and maximize profit.
Free trade agreement compliance can be complicated and time-consuming. Here’s a quick rundown. Preferential rules of origin are used to determine origin of goods under an FTA. These rules of origin use criteria like tariff shift, regional value content, de minimis and so forth. To qualify their goods, manufacturers must pull production bills of material (BOMs) and perform content calculations. If their goods qualify, they must prepare and disseminate FTA certificates of origin. They may also need to reassess their products multiple times during the year. Changes to legislation, costs, BOMs or suppliers can impact whether or not a finished product qualifies under an FTA.
Doing all of this manually is certainly a challenge. That is why most organizations don’t bother. Only 30 percent of multinationals take advantage of all the FTAs that they could. Think about that — 70 percent of multinationals are ignoring a competitive advantage.
Free trade agreements are not static. To give you an example, here are some FTA news stories, all from this week.
The WTO recognizes more than 450 FTAs. For a multinational working across the globe, keeping up with all FTA legislation and remaining compliant can seem too much like hard work.
Yes, FTA compliance can be complicated. But it doesn’t have to be. It is possible to automate the most complex and time-consuming aspects of FTA compliance. Join us on November 28th, 2018 at 1:00 pm CST for a 30 minute webinar. Olivier Joncas will discuss FTA compliance and perform a live demonstration of PRECISION FTA. Features include:
FTA origin determination
Detailed origin audit
Customer certificate of origin preparation
Vendor certificate of origin solicitation
To register, please click here.
If you can’t attend, register anyway and we'll send you the on-demand recording shortly after the broadcast date.
Olivier Joncas is a Solutions Consultant with Precision Software and has worked with industry leaders implementing regulatory compliance solutions for the last 20 years. With a background in computer science, a focus on Free Trade Agreements and in the process of completing a Customs Specialist Certification, Olivier is well positioned to demonstrate how PRECISION FTA can answer your needs related to FTA compliance.
Precision Software, a division of QAD Inc., provides industry-leading global trade management, transportation execution and multi carrier shipping software solutions from a single, integrated platform. Preeminent industry leaders in every region of the world rely on Precision’s global support centers to leverage thousands of carriers and manage millions of shipping transactions every day. Our open architecture easily integrates with Enterprise Resource Planning, Warehouse Management Systems and legacy solutions. An ISO-certified company, Precision Software assists companies to minimize shipping costs, optimize first mile and last mile deliveries, automate free trade agreement compliance, avoid customs delays and mitigate the risks associated with dynamic trading environments to maximize their competitive advantage. Precision Software’s customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers. For more information about Precision Software, visit www.precisionsoftware.com.
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