With the dollar depreciating against
World currencies, exports are booming and not surprisingly enforcement of trade
regulations is also increasing. Companies need to implement an
export management
system to ensure export compliance, and protect their export privileges and ultimately brand reputation. In an
environment of increasing regulations, many exporters are challenged by:
▪
Screening customers against
ever-changing restricted parties lists
▪
Determining license requirements and tracking licenses
▪
Generating documentation and automatically routing to the designated parties
Our export compliance solution
automates the international transaction management process including
restricted party screening (RPS),
export license determination and tracking, shipping document generation and
government reporting. Audit trails and complete management reporting provide you
with a compliant process that adheres to government regulations and reduces
risks and costs associated with global trade.
How Does an Export
Management System Ensure Compliance?
Learn More by Viewing Our Introduction to
Automating Export Compliance
Video
Centralize all product data required for
export compliance and
governmental reporting. Classify products including HS, ECN and Schedule B (US)
for multiple countries. Maintain units of measure, country of origin, license
requirements, hazardous material characteristics, and much more export
compliance information
▪
Manage export transactions and consolidations from multiple
sources and ship upon successful license and end-user screening
▪
Screen all denied parties on
sales orders with highly accurate screening results based on computational
linguistics and the industry’s most comprehensive source of over 115 restricted party
lists
▪
Determine required licenses based on
the transaction’s (line item)
Export Control Number (ECN), country of ultimate destination, etc. then
electronically track licenses used
▪
Manage critical issues with alerts and workflow to manage RPS
hits, EPCI (Enhanced Proliferation Control Initiative) warnings, embargo holds,
expiration of sample shipment quotas, letter of credit holds and other events as
determined by the user
▪
Generate all key export documents
such as commercial invoices, shipper’s export declarations, shipper’s letter of
instruction, packing lists and bills of lading
▪
Integrate your forwarder through
Trade
Portals to coordinate shipment details, update shipping information and
to post documents related to the transaction
▪
Maintain an archive of all documents
and transaction history to support efficient audit requests
▪
Monitor all transactions to determine
if a letter of credit is required, generate the necessary documents and track
remaining value
▪
Validate and submit transaction data
for U.S. Customs’ Automated Export System (AES) with all AES filing options and
validate transaction data in accordance with U.S. Customs reporting regulations
▪
Facilitate the Entry at origin by generating a Pre-Customs Entry for the country of import with validated export data to eliminate redundant data entry and the potential for errors
▪
Perform Import Validation and controls for Related Party transactions as part of the export transaction to help facilitate the clearance of an entry during import clearance
The wealth of information you have
generated in this compliant export process can be unlocked with our
Performance Management solution which delivers over 20 standard reports
on Products, AES Filings, Transactions, and Audits.
"Management Dynamics'
ability to quickly identify all regional and
country-specific requirements was key to maintaining
Fairchild’s efficient operations."
Senior Manager, Global
Logistics, Fairchild Semiconductor
