Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The third and final webinar in this series will be held on Friday, November 18^th at 2:00pm EST and will review Shipment Screening and Documentation, the final step in building an export compliance program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

• The importance of transactional screening and why it is a necessary requirement in any compliance program
• How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
• How to leverage the data from the export order to automatically determine and create key export documents and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Join us to learn how you can take the next step in establishing an Export Compliance Program!

Part Two: Product Classification

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The second webinar will be held on Friday, October 21^st at 2:00pm EDT and will review Product Classification; the second step in building an export compliance program.

During this webinar, we will discuss the advantages of maintaining your own product classification database, as well as:

• Automation tools that can help your business save valuable time and reduce cost
• Up-to-date global trade content that can increase efficiency and decrease your risk in the case of an audit
• Product Classification best practices for sustaining these processes as your company’s global reach and product lines grow

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Register for the webinar today!

Mark your calendars for the final webinar in this series!
Shipment Screening & Documentation: Friday, November 18

Presented by the Journal of Commerce, global trade compliance experts discuss the technology available to help companies of all sizes with managing classification and other critical compliance processes. Anthony Hardenburgh, VP Global Trade Content at Management Dynamics, and Ty Bordner, VP of Solutions Consulting at Management Dynamics, also provide details on the launch of a free trade tool that will soon be available to the trade community.

Click here to listen to the podcast.

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The first webinar will be held on Tuesday, September 20^th at 2:00pm EDT and will review in detail the most common first step of any export compliance program, Restricted Party Screening (RPS).

Global trade compliance experts will show you how to automate Restricted Party Screening to reduce your compliance risk, as well as provide a discussion on industry challenges and best practices for building an Export Compliance Program (ECP), including:

• Tips for establishing a cost-effective compliance program in a down economy
• Understanding of the technology available to manage RPS today
• How you can implement screening software across your organization
• Screening best practices of today’s top global exporters

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Register for the webinar today!

Mark your calendars for the next two webinars in this series!
Product Classification: Friday, October 21
Shipment Screening & Documentation: Friday, November 18

Global trade involves an array of compliance and operational issues that small businesses are aware of but either don’t fully comprehend, or don’t have the right resources and expertise to properly deal with.  To tackle these issues and automate (and streamline) trade compliance, more and more companies are turning to Software as a Service (SaaS) models.  Such SaaS models are appealing to SMBs because of their affordability and ease of use as on-demand, pay as you go export management and compliance solutions. 

According to Nathan Pieri, VP of Marketing and Product Management at Management Dynamics, the main challenge for SMBs is organizing their approach to globalization; both understanding the rules and regulations, and setting up an environment where they can comply with export laws.  Management Dynamics recently released an Export On-Demand solution that helps SMBs automate and manage all aspects of global trade initiatives, including: product classification, restricted party screening, and license management. 

For more information, check out the full article.

During the one-hour webinar, key industry experts will discuss the market dynamics driving importers to consider this strategy, and Management Dynamics customer Leggett & Platt will share their success story. Other topics will include:

- The benefits of integrating logistics and compliance
- Challenges importers will have to overcome
- The key role technology plays
- Actionable advice for importers exploring this idea

Register today!

Management Dynamics today announced the release of Export On-Demand 1.2, its export compliance solution for small and medium-sized exporters. The new release provides for enhanced compliance screening and management of export licenses. Easily configured and deployed in a SaaS-based model, Export On-Demand can be implemented in a modular fashion without the cost and expense of an on-premise solution.
 
“This latest release of Export On-Demand improves support for global exporters with enhanced embargo and restricted party screening, as well as a new license determination and management module,” stated Nathan Pieri, senior vice president, marketing and product management for Management Dynamics. “The modularity of Export On-Demand allows our clients to first establish a foundation by managing product compliance and screening parties, then adding successive capabilities such as global license management, document generation and filing.”
 
To learn more about the features available in Export On-Demand 1.2, read the full press release.
 

“We’re proud to be associated with these leading companies and we continue to be impressed by their innovative use of our solutions. The results are a testament to the fact that global trade management solutions, when combined with forward-thinking supply chain strategies, can have a measurable impact on return on assets (ROA), revenue growth, and competitive advantage,” said Jim Preuninger, CEO of Management Dynamics.

For more information on how the survey and research was conducted, please visit The Gartner Supply Chain Top 25 for 2011.

In a word, Global Trade Content is a big deal, and it is extremely important where you get your data. Global Trade Content is the database of information that importers and exporters use to determine whether they are in compliance with international regulations.

This information ranges from the harmonized tariff schedules to classify goods, to the duty rates needed to calculate landed cost, to the IMEX controls that determine whether you can legally complete your transaction. To efficiently import or export goods, you need fast access to a comprehensive source of traded content for all the countries with which you trade.

Although there is only one official source of data from each governmental agency, it is impossible for an in-house trade compliance team to keep up with the volume that each agency in every country puts out. Additionally, all data providers are not created equal. Some do not adequately cover the regions you need, some update their data infrequently (delays in data updates of only 1 week can cost you dearly!) and some do not have the in-house expertise to interpret international regulations appropriately.

ChainLink Research Connects the Dots in Global Trade Management

ChainLink Research recently discussed the challenges of Global Trade Content in their blog:

In order to solve users’ challenges, software providers develop software. Users provide the data. But in GTM the data comes from thousands of external sources, i.e. government, trade groups, etc. So the ‘solution has to be more.’

Not only are there a plethora of changing regs that end-users have to be aware of, but those changes often force them to change orders or other shipping documents, duties, etc. On a more strategic level, they may actually force them to change their physical supply chain network (as well as potential third parties who provide services in these locations). Even in large firms, there is no staff equipped with the breadth of knowledge necessary to internalize all this information and then make the changes to their forms, fees, etc.

What’s the end result? By combining a comprehensive global trade content database that covers multiple types of regulations and agencies with a system that automatically updates all of your own data, companies can lower their risk of breaching standards or breaking the law, and reap cost savings. Accurate, real-time trade content helps prevent penalties and delays, and reduces non-compliance risks. And, automating the process frees up resources to work on more strategic initiatives.

As ChainLink Research puts it:

Making informed choices about what is actually happening in the Supply Chain, across the network of trading partners, can bring tangible cost savings to firms that can cycle time and thus inventory and other carrying costs, and avoid charge backs and late fees, because they are now armed with the knowledge of what happened in the chain.

Read the complete blog post at: ChainLink Research: Global Trade Management Solution is More Than Software

The Journal of Commerce has a great article about how enhancing your export control program ultimately raises supply chain security, prevents delays, and increases control the export process, resulting in increased revenue from new markets.

Experts recommend implementing a complete export compliance program that acts as a delivery mechanism for implementing export compliance standards and protocol within an organization and its supply chain. The key is to know the critical components to such a program and how automation can assist an exporter in supporting its overall objective: minimizing risk and streamlining the supply chain while keeping operational costs at bay.

The article states that there are 6 key components necessary to build an export compliance program: (Read detailed descriptions of these steps in the Building an Export Compliance Program white paper.)

1. Attaining Management Support
2. Performing a Company Profile and Risk Assessment
3. Ensuring Cross-Organization Accountability
4. Automating Compliance Process Control
5. Training the Individuals and Teams Involved in the Export Process
6. Scheduling and Performing Continuous Audits and Reassessments

Export regulations apply to all international shippers and are being enforced now more than ever. Automating your export process will secure your company’s supply chain and prepare your company for the ever-changing global marketplace.

Subscribers to the Journal of Commerce may access the full article here: Building a Better Export Control Program.

If you’re not a subscriber: either sign up (JOC has great global trade news) or read the Management Dynamics white paper, “Building an Export Compliance Program.