Europe
Taking effort and cost out of export documentation.
With global trade increasing and the need to be internationally competitive becoming more important, companies must find an efficient way of complying with the global variations in export and import controls. Document standards and requirements differ from country to country, goods may need documentation to transit certain regions and governments are keen to ensure they collect all the relevant import duties, taxes and trade statistics.
Extracting all the necessary information manually from several sources before reformatting it in typed documents or, more likely these days, a Word document or Excel spreadsheet is a time consuming, error prone process. The less efficiently it is handled, the greater the cost to the business.
Read more about Kewill's export documentation solution.
Real-time screening that minimises compliance risk
In our world of complex political relationships, all countries operate export control regulations governing three basic areas - denied or restricted parties, export licence requirements for specific goods and trade embargoes or restrictions. With frequently changing regulations that differ from country to country, ensuring compliance is one of the major challenges for companies involved in global trade. Checking compliance often means referring to several lists from different government agencies and regulations can be ambiguous, requiring specialist knowledge to interpret and track. As exports increase to involve more countries and a more diverse mix of customers, companies struggle to keep up. Unfortunately, the consequences for those who fail are severe and may involve significant fines, loss of export privileges, legal fees and negative publicity.