BY BEN AMES, SENIOR EDITOR
TRADE MANAGEMENT SOFTWARE
technologyreview
MANAGING IMPORT AND EXPORT TRANSACTIONS IS A COMPLEX TASK
for any company, as the rules of international trade and commerce seem to shift
overnight with new treaties, taxes, embargoes, and security requirements.
Many shippers, carriers, customs brokers, and freight forwarders rely on global
trade management (GTM) software to navigate these fast-changing rules, avoid
penalties for trading with prohibited partners, and ensure they qualify for every
available exemption from tariffs.
The challenge will only grow more complex in 2016 as waves of change roil the
international landscape, from treaties such as the Trans-Pacific Partnership (TPP)
and Transatlantic Trade and Investment Partnership (TTIP) on track for approval
in the coming year to the loosening of embargoes such as Iran’s July agreement to
cap its nuclear enrichment activities in exchange for the lifting of financial sanctions.
Importers, exporters, and other GTM software users can save time, money, and
labor by automating the day-to-day operational tasks associated with international
trade and regulatory compliance. But these products can also help them to address
some of the “big picture” issues they are likely to encounter today. Here are four
broad capabilities that any GTM platform should offer customers to help them
tackle the changing requirements of international trade in 2016.
EXPANDED SECURITY COMPLIANCE
The set of legislative controls affecting international shipping has grown significant-
Top four capabilities to look for
in your GTM platform in 2016
Change is a constant
in international trade.
Make sure your global
trade management
software includes these
four capabilities,
and you’ll be ready
to meet the latest
requirements.
