Cross Border Trade Compliance Management Simplified

When it comes to operating in the EXIM space, trade compliances, national policies, customs regulations and tariffs are necessary obligations.  With each country and port of call, the complexity and paperwork only increases.  Compliance management should be simplified and efficient to manage for any business house and certainly not be a barrier in  business growth.

Strong processes combined with Technology can support compliance management. A strong compliance management software will serve to strengthen your business as well as enable sustainable growth.

Trade Compliance Management Software - Compliance Cart

Why a Trade Compliance Management Software Important

1

The international trade and customs landscape is a vast expanse of laws, regulations, and standards that require strict compliance. Managing all customs and trade compliance requirements per product, EXIM laws, national policies etc, needs a comprehensive process. Further, such a process of exhaustive nature can be error-prone. Digitization and automation will take load off many manual tasks and reduce the risk of errors in trade compliance management. Compliance Cart's collaborative and digital trade compliance management platform simplifies cross-border trade by offering a unified view and detailed solution for your compliance needs.

2

Many players, both internal as well as external like CHAs and 3PL vendors, are involved in trade compliance management of any given shipment. A collaborative trade compliance management platform simplifies cross-border trade by offering a unified view of your compliance needs. For instance, with Compliance Cart's collaborative and digital trade compliance management solution, you can collaborate with various players in real-time, automate tasks, run risk assessments, respond efficiently to regulatory changes, centralize and secure document management and, conduct Audit Trails, allowing you to manage trade compliances with efficiency and ease while also reducing operating costs.

3

The documents like POs to BOEs or Challans and Customs Duty Receipts prepared by and gathered from various players for a given shipment are voluminous and critical. Data is often staggered and unstructured and lost during exchange. It can often prove challenging to retrieve data during audits. A strong automated Document Management can be very helpful for Trade Compliance Officers. A trade compliance management solution like Compliance Cart provides features like auto-saving, auto-sorting and auto-archiving of compliance data in a secure space, which can save an organization many man-hours and dollar amounts that are levied in penalties and fines.

A few important trade compliance requirements that can be met with Compliance Cart, a digital and collaborative compliance management platform.

Import and Export Compliance

Ensure seamless trade operations aligned with domestic and international trade compliance requirements and bolster adherence to EXIM compliances.

Regulatory Compliance

Stay agile and adapt quickly and efficiently to frequently changing international and national trade compliance laws and regulations. Supply Chain Compliance

Supply Chain Compliance

Implement strong trade compliance processes, establish reliability and transparency across international supply chains and experience high business ethics and standards.

Third-Party Compliance

Define and manage trade compliance obligations for vendors, suppliers and 3PL service providers with detailed automated workflows and real, time collaboration.

HS Code Classification and Tax

Apply appropriate and accurate compliance responses to your product classifications and prevent unnecessary customs clearance delays and penalties.

Customs Declaration Management

Make customs declarations and goods clearance processes efficient, especially if you want to or already hold express/advanced customs Certification.

Policy and Document Management

Never lose a document in future. Digitize, Centralize and Secure your trade compliance documentation for easy access during audits and customs inspections.

Risk Assessment
and
Mitigation

Build a proactive responsive approach. Identify potential trade and customs compliance risks with pre-established controls, timely notifications and risk alerts.

Advantages for cross-border traders / ECommerce businesses and EXIM houses

Compliance Cart brings all players across the supply chain on one single platform for effective collaboration and real-time visibility to compliance status. Compliance Cart is a robust trade compliance management solution that seamlessly services your growing business needs - scalability to add users or vendors; increased resource efficiency; adherence to ever growing trade compliance obligations; centralization of compliance data; timely reminders and notifications; and mitigation of risk of violations and penalties.

INCREASED RESOURCE EFFICIENCY

Gain significant improvement in trade compliance process management by up to 75%.

MINIMIZE RISKS AND FINES

Minimize penalties and fines due to misclassification, and improper documentation by up to 80%

ENHANCE OPERATIONAL EFFICIENCY

Intuitive Intelligent Reporting and Smart Analytics improves compliance visibility by up to 90%

INCREASED RESOURCE EFFICIENCY

Gain significant improvement in trade compliance process management by up to 75%.

MINIMIZE RISKS AND FINES

Minimize penalties and fines due to misclassification, improper documentation by up to 80%

ENHANCE OPERATIONAL
EFFICIENCY

Intuitive Intelligent Reporting and Smart Analytics improves compliance
visibility by up to 90%

Explore Various Trade Compliance Management Tools and Functionalities of Compliance Cart

Data Management

• Centralized Data Management
• Auto Save and Auto Sort Functionalities
• Structured Data with Folder Management
• Encryptions and Multi-Factor Codes for Sensitive Data
• Access Permissions for Confidential Data
• Data Archiving for Audits

Organization Level Compliance Management

• Establish a Unified Organizational Compliance Program
• Corporate Group level collaboration
• Agile Adaption to Regulatory Updates
• Compliance Calendar
• Standard and Customizable Trade and other Compliance Templates
• Compliance Status Monitoring and Reporting

Data Security Management

• AWS Level Security Protocols
• Secure Unlimited Data Storage Data Archiving Management
• Encryptions and Multi Factor Authentications
• Disaster Recovery
• Backup
• ISO and SOC Certified

Compliance Monitoring and Reporting

• Corporate level Compliance Visibility
• Single View for multi operations
• Bird’s Eye View for all CxOs
• Internal and External Compliance Requirements
• Real-Time Compliance Monitoring
• Risk Mitigation Audit Preparedness

Operational Efficiency and User Accessibility

• Single Real-Time View to All Internal and External Users
• Digitization and Automation of Compliance Processes
• Task Allocation and Scheduling
• Collaboration amongst Multiple departments and locations
• Alert and Notification System
• Interactive and Intuitive Compliance Calendar
• Embedded Reviewer and Approver Workflows
• Smart Assessments

User Support and Training

• Live Chat Support
• Implementation and Post Go-Live Support
• User Training Programmes
• Knowledge Center and Resources
• Ongoing Enhancements and Upgrades
• Ongoing Customer Service and Support

Standard Trade Compliance Templates

Compliance Cart is not just a tool; it's your partner in navigating the intricate web of international trade and customs regulations. Our trade compliance platform comes with pre-loaded templates for various global trade compliance standards, ensuring that your business meets all the necessary requirements and stays ahead of regulatory updates. Please note that this list is not exhaustive and you can avail a detailed demo for deeper insights of Trade Compliance Management on Compliance Cart.

These compliances can be
managed on Compliance Cart

These compliances can be
managed on Compliance Cart

  • Harmonized System (HS) Code Classification Compliance
  • Import and Export Control Compliance
  • Anti-dumping and Countervailing Duties Compliance
  • Free Trade Agreement (FTA) Compliance
  • Anti-Money Laundering (AML) Compliance
  • Certification Requirements (sanitary, veterinary, technical, etc.)
  • Valuation, Classification, and Origin Risk Compliance
  • (C-TPAT) Compliance
  • Generalized System of Preferences (GSP) Compliance
  • Special Economic Zones (SEZ) Compliance
  • Foreign Trade Regulations (FTR) Compliance
  • Environmental Goods Agreement (EGA) Compliance
  • International Traffic in Arms Regulations (ITAR) Compliance
  • Sanitary and Phytosanitary (SPS) Measures Compliance
  • Technical Barriers to Trade (TBT) Compliance
  • Export Controls and Embargos Compliance