Insider Perspective on Customs Compliance - Webinar, Nov 14, 2013
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Direct Filing‐Automating your ISF And Customs Entry November 14, 2013
description
TRG Direct and 3rdwave have established a unique partnership to provide importers with the ability to seamlessly automate and control their import customs processes. This is done within the 3rdwave solution which allows the user to file their ISF and Entry automatically with Customs and OGAs through TRG Direct. This new technology offers control directly from the users desktop to create a compliant customs environment while dramatically reducing the cost of your customs filings. TRG Direct (www.trgdirect.com ) is a Customs Broker who offers one of the leading e-filing solutions, as well as “full service” brokerage. As a certified ABI/ACE software provider, TRG created a capability that allows importers to input their ISF and Customs Entry data into TRG Direct and file it directly with customs. Where their import clients require “full service” support they are able to provide it with their team of licensed customs brokers which also provides the customer service base for their direct filers. 3rdwave is a comprehensive import “trade management” solution designed and supported by Blinco Systems Inc. (www.blinco.com ) As part of its suite of products it provides importers with an integrated or “stand-alone,” highly automated process to capture the information related to the ISF and Customs Entry. Once created, 3rdWave can then generate the ISF and Customs Entry for simple transmission to customs via the partnership with TRG Direct. It is designed to be the importers next generation customs management tool. With 3rdwave the importer is able to • completely manage and control the information related to customs requirements, • create unique customs files for each entry, • electronically store relevant documents (shipment and product levels), • maintain HTS libraries, • manage Special Programs, • prepare the ISF File and Customs Entry File for pre-entry audit, • transmit the ISF and Customs entries to customs • track customs status responses • provide robust reporting packages 3rdwave does not actually do the filing, but provides the “robust” infrastructure to automate the process of preparing the information for filing via TRG Direct. 3rdwave Customs technology does this by integrating your ERP, supplier and carrier logistics partners through EDI or other electronic interfaces to virtually eliminate manual processes. To better understand how this technology can work for you, we can set up a consultation with your supply chain information to demonstrate exactly how these systems will work for your firm.
Transcript of Insider Perspective on Customs Compliance - Webinar, Nov 14, 2013
Direct Filing‐Automating your ISFAnd Customs Entry
November 14, 2013
No one knows more…
• …about the product you’re importing than your own flesh and blood
• They have access to technical specifications, the buyer, the manufacturer or vendor and possibly samples of the product
No one will take greater care…
• …in the preparation and processing of that entry than your own flesh and blood
• In case after case, importer compliance rates have been vastly improved – in many instances it’s 100%
• Myth – Using a broker limits or otherwise mitigates my exposure and liability with CBP
Size does matter, but…
• …the best‐in‐class concepts and ideas we discuss today are scalable
• All importers, no matter their size, are subject to the same requirements and laws – and the CBP standard known as Reasonable Care
• Every importer or exporter needs at least one person who lays awake at night thinking about compliance
• Easier said…
Direct Filing Program - 1987
Key Takeaways
• Reduced brokerage expenses to almost zero• Significantly improved our compliance rate with Customs
• Took 3 full days out of the supply chain• Alerted us to untimely or errant suppliers and vendors
• Virtually eliminated the need to audit
Key Takeaways
• With support from the highest echelons of the company, it is possible to go from worst to first in trade compliance
• Having adequate resources protects the company’s all important brand and image
• It also fosters creativity and fuels continuous improvement
• Direct‐filing is attainable even for the 2ndlargest importer
Bozeman Montana
Bozeman, MTImport Services Capital of America
It’s just a different type of traffic…
Self Filing & AutomationIt is just a different approach to
A very old business…
Today, life’s a cloud…
IT
…so let’s play in it.Perhaps we are not so locked into our own IT
infrastructure
What’s in your cloud?
AS 400
SAP
Homegrown
The Broker / Importer RelationshipWhere it all begins…
TRG Direct Full Service BrokerageSelf‐Filing Application
Changes in RegulationCBP
Now Homeland Security vs. Treasury
MOD ActResponsibility resides with the
Importer of Record
What’s my broker doing today…?
• Policies• Procedures• Execution
Journey to ComplianceFor both the Importer of Record and
the Broker
Supply Chain Tasks You may already be familiar with (or should be):
• Classification• ISF/Entry Documentation• Data Entry/File ISF• Data Entry/File Entry
• Port Relationships• Freight Relationships• Payment of Duties/Fees
Self Filing ChoiceBegins with: Risk Management
Cost
Control
Compliance
COMPLIANCE
• Greater role than ever before
• Internal Compliance and Risk Management Mandates the establishment of Procedures
• MOD Act
CONTROL
ISF DocumentationEntry DocumentationData Archive/Parts Lists
No one knows your business better than your own Employees
The Cloud puts this all on your Dashboard!
COST
• Reduce Cost of ISF• Reduce Cost of Entry• Safeguard Potential Fines or Penalties
AUTOMATION
New Technology
Brings processes to procedures
AUTOMATION
• Freedom to redesign your import team.
• Managers of your Supply Chain From Data Entry Clerks
ISF Data Sheet
ISF DATA
Commercial Invoice
Bill of Lading
Arrival Notice
ENTRY DOCUMENTATION
SELF‐FILING vsTHE ADMISSIONS OF A FULL SERVICE
BROKER
Costs of Brokerage Services:• REGULATORY COSTS
• INTERNAL COMPLIANCE• STAFFING/CLERICAL
• MISTAKES ARE COMMON
TRG DIRECT & 3RDWAVEPARTNERSHIP
• FULL CUSTOMER SERVICE• LICENSED PROFESSIONALS• ONGOING TRAINING• USER GROUP WEBINARS
AUTOMATION
Let’s see how it works!
Q & A
• We will now open the lines for any questions you mayhave.
• Please raise your hand (if you’re on the phone andwant to ask
• your question aloud), or chat your question in the chat.
• Questions will be answered in the order they arereceived.
Contact us with questions or to schedule a consultation:
TRG Direct Customer [email protected]‐922‐6600
Ned [email protected](416) 510 8800 ext 234
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