Global Trade Compliance Software | QAD Precision
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GLOBAL TRADE COMPLIANCE
Save time, control costs and mitigate risks with QAD Precision Global Trade Compliance — ensure every order meets international regulations, no matter where you trade.
Learn how QAD Precision helps global enterprises simplify global trade.
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International Trade Compliance, Made Easy
STREAMLINE YOUR GLOBAL TRADE COMPLIANCE PROCESSES
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 automated compliance software gives global enterprises the tools to turn global trade into a competitive advantage by reducing risk while maximizing trade optimization strategies.
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KEY FEATURES OF QAD PRECISION GLOBAL TRADE COMPLIANCE
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MITIGATE REGULATORY RISK, REDUCE SPEND AND STREAMLINE TRADE ACTIVITIES
QAD Precision Import Management automates and executes import processes to ensure a seamless, efficient and compliant importation of trade goods. Using QAD Precision's import compliance software 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.
SIMPLIFY EXPORT PROCESSES, REDUCE REGULATORY EXPOSURE AVOID HIDDEN COSTS
Industry leaders use QAD Precision Export Management to automate export processes, documentation production and customs reporting. QAD Precision’s export compliance software mitigates the risks associated with dynamic trading environments and reduces the unnecessary costs associated with international trade. With QAD Precision Export Management software, you can proactively ensure that all export processes are met, including restricted party screening, license and permit determination, license management as well as shipping and documentation requirements.
Free Trade Agreement Software
AUTOMATE FTA ORIGIN DETERMINATION & COMPLIANCE
Stop leaving thousands of dollars on the table due to the complexity of filing a Free Trade Agreement claim. QAD Precision Free Trade Agreements (FTA) automates compliance for all FTAs recognized by the World Trade Organization, and covers Rules of Origin across all HS headings. The solution automatically determines FTA origin in relation to tariff shift, Regional Value Content (RVC), country specific HS# prioritization and de minimis thresholds. Determination is done in real-time, and in fractions of a second. QAD Precision FTA prepares Certificates of Origin for customers as well as solicits and manages supplier Certificates of Origin. The solution creates an audit trail of origin determinations and archives all documentation according to record-retention rules.
Restricted Party Screening
AUTOMATE VENDOR AND TRADING PARTNER SCREENING
Governments and other international organizations issue lists of restricted individuals, groups and entities with whom it is illegal to trade. These are known as denied parties, and they are associated with organized crime, the proliferation of nuclear weapons, or terrorism. With QAD Precision Restricted Party Screening and embargo checks, enterprises can automatically validate that they are not trading with sanctioned or restricted groups, individuals or entities. With QAD Precision’s automated and third-party and sanctioned party screening, companies can screen at any stage of the transaction on an ad-hoc, batch or transaction basis as required. QAD Precision also issues daily content changes to ensure that you are kept up to date with the latest content data.
REDUCE TAXES, FEES AND DUTIES
QAD Precision Foreign-Trade Zone (FTZ) enables manufacturers and distributors to defer, reduce, or even eliminate duty payments on imported goods, until entered into the US Commerce. In addition to best-in-class software to manage FTZ operations, QAD Precision offers a consulting team with decades of unmatched expertise. Our FTZ consulting services help enterprises accelerate the process for establishing an FTZ and ensure compliance regulatory, documentation and reporting requirements. Aligned with our end-to-end global trade and transportation solutions, enterprises leverage an integrated approach to establishing and managing FTZ operations. This results in significantly lower taxes and importing costs, along with improved inventory management and increased supply chain velocity
Global Trade Compliance Analytics
GET REAL-TIME OPERATIONAL INSIGHT INTO YOUR COMPLIANCE ACTIVITIES
With QAD Precision Global Trade Compliance Analytics, enterprises can access on-demand dashboard views of compliance operational statistics, metrics and trends. QAD Precision Global Trade Compliance Analytics uses easy-to-read bar charts, pie charts, line charts and tables and provides real-time information about recent compliance processing, including screening throughput, transactions under review and failures. This allows key personnel to take action, refine compliance processes and reduce the number of false positives to improve operational speed. QAD Precision Global Trade Compliance Analytics also monitors license and permit records that are nearing expiration.
Why QAD Precision?
BEST-IN-CLASS GLOBAL TRADE COMPLIANCE SOFTWARE
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.
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In-depth information and analysis
TRADE COMPLIANCE IN A BRAVE NEW WORLD
Any company that trades globally knows the importance of compliance. However not all companies are equal when it comes to mitigating risks. In this white paper, we discuss the importance of due diligence and how to avoid compliance pitfalls in a world of increasingly complex trade regulations.