Changes in trade regulations, sanctions and restricted parties along with the growing complexity of trade laws and regulations make global trade compliance increasingly challenging. Supply chains have become global, and an increasing number of companies are engaged in cross-border trade. Trade compliance departments are equally challenged with both the growing number of trade laws and the increasing complexity of regulations. As a result, more companies are turning to automated international trade compliance software. 

Ensuring each and every import or export is compliant is a labor-intensive process, and mistakes are costly. Not only can companies incur heavy fines and reputational damage for compliance missteps, but Customs delays due to a missed admissibility requirement can equate to a lost sale, or a down manufacturing line.  QAD Precision’s scalable and extensible solution gives global enterprises the tools to turn global trade into a competitive advantage by reducing risk while maximizing trade optimization strategies.

QAD Precision Import Management automates and executes import processes to ensure a seamless, efficient and compliant importation of trade goods. Using QAD Precision Import Execution, global enterprises can proactively address new products and admissibility requirements, thus avoiding costly delays upon entry. Supported by automated workflows and alerts, QAD Precision Import Management helps enterprises gain a competitive advantage by reducing regulatory exposure, avoiding unnecessary costs, and reducing process cycle-times.

Governments and international organizations issue lists of restricted individuals, groups and entities associated with organized crime, the proliferation of nuclear weapons, or terrorism. With QAD Precision Restricted Party Screening, enterprises can automatically validate that they are not trading with sanctioned or restricted groups, individuals or entities. Companies can screen at any stage of the transaction on an ad-hoc, batch or transaction basis as required. QAD Precision issues daily content changes to ensure that you are kept up to date with the latest content data. 

QAD Precision is used by global enterprises, manufacturers, importers, exporters and high volume, high value and time-sensitive shippers. QAD Precision’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. To find out how QAD Precision can streamline global trade compliance across your organization, schedule a consultation today.