As key service providers logistics companies involved in international trade know only too well that proper management of customs compliance is critical to a successful operation.
As intermediators of international trade, LSPs face the heat when goods are left sitting for a day or more pending customs clearance. Incomplete or wrong customs documentation can cause considerable delays in transportation, reducing supply chain and delivery reliability with the blame squarely resting on LSPs/Customs Handling Agents (CHAs).
To ensure that there are no delays in Customs clearance LSPs and customs clearance agents must develop comprehensive processes to ensure compliance with import and export requirement.Customs Compliance software is a key tool that enables LSPs and customs agents to implement uniform control procedures and a global customs compliance management strategy.
Today, established freight management software developers with a deep insight into the logistics industry know and understand the critical need for automated Customs Compliance software which can paly an important role in reducing customs liabilities. Customs Compliance software is thus available as a stand alone module or integrated with a larger suite of freight management applications to help integrate the compliance process into overall business operations.
Customs compliance software can help LSPs analyse available information for compliance and cost efficiency which helps in enhancing export-import processes.
New age robust suite of web-based Customs Compliance software solutions offer features that aid in Valuation Planning, Duty Drawback, etc in a user-friendly format. An inbuilt EDI module ensures connectivity with other business partners in supply chain like Ocean Carriers (via INTTRA), Customs, Ports, Customers (via customised interface), Tariff Listing,Duty and Tax calculation, Daily Status Reports (DSR), integration with country-specific Customs software, etc. ensuring smooth flow of information.
The key focus being on streamlined compliance process and transfer of data across modules seamlessly for quick and easy reference. This translates into higher productivity & reduced costs .
A large part of Customs Clearance is related to proper documentation preparation by r educing manual data entry, Customs Compliance software can eliminate errors and saves time. Automation also facilitates export documentation, direct filing and shipment status tracking.
In short, LSPs have nothing to lose and everything to gain by implementing and upgrading to Customs Compliance software that delivers value and more importantly is built from the ground up to cater to the challenges of international regulations
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