Global Trade Content Management
Intelligent global trade depends on the use of the most current trade regulations. In the past, these regulations could be kept in a single binder and tracked easily. Today, there are millions of trade rules, and many countries change their regulations with little notice.
Global trade best practices require corporations to use the most current classification codes, have immediate access to customs duty and fee schedules, apply compliance rules and denied-party lists, and produce required trade documentation. Failure to do so can result in significant fines and penalties, shipment delays, revocation of trade privileges, and lost revenue.
Expanded Features
TradeBeam’s global trade content management solutions power Import Management and Export Management processes. Each of these processes draws on a wide range of content to enable corporations to effectively manage global trade processes:
Content for Import Management
TradeBeam solutions leverage TradeBeam’s Global Trade Content for automating customs filing processes, such as Pre-Entry, Entry and Post-Entry facilitation. The solutions use trade content to accurately classify information for Harmonized System purposes (HS codes). The content is also used to determine HS-based and Non-HS based duties and fees, such as custom duties, value-added taxes, and excise. The content is used as the basis for landed cost calculations and is used in tools that will provide insight in to future duty rates . In addition, import license determination and document requirements are identified with the ever updated trade content..
Content for Export Management
TradeBeam solutions leverage TradeBeam’s Global Trade Content to let exporters review denied parties and embargoed countries from any country to any country around the world, and manage compliance issues such as Anti-Boycott questions that fall outside standard party screening activities. TradeBeam also uses its content to let exporters determine license requirements and export document requirements. Furthermore, exporters can leverage the content to classify for Export Control purposes (ECN/ECCN) and HS Export Schedule numbers, such as Schedule B.
Import and Export Trade Documents
TradeBeam content includes a rich library of trade document templates.
