TradeGearQW Global Trade Management Solutions
The worldwide movement of goods is a complex process, and the possibility of being noncompliant with regulations that vary from country to country – and change within a country from day to day – increases importers’ and exporters’ risks and costs. It also can create shipment delays that impede speed to market. Successful importers and exporters rely on technology and global content to better manage products, vendors, tariff classifications, sourcing decisions, Free Trade Agreements (FTAs), denied party screening efforts and more. Yet, acquiring technology in a cost-effective manner is a major challenge. So, too, is subscribing to content that is assured to be accurate and complete on an ongoing basis.
Vendors are eager to sell solutions and content that possess more technology pieces and informational resources than most importers and exporters need. Thus, technology and content become very expensive to acquire and many features go unused. QuestaWeb understands this dilemma and offers its TradeGearQW product line as an alternative approach to global trade management compliance.
The TradeGearQW Product Line for Global Trade Compliance
QuestaWeb’s TradeGearQW product line solves these challenges for importers and exporters. First, it is an unbundled offering. Therefore, importers and exporters can select just the global trade compliance technology and content they need to build their unique compliance kit. This freedom to choose affords better control of costs. Second, QuestaWeb stands behind the content it offers and assures subscribers that information is continuously monitored and updated.
Our product name says it all. “Gear” refers to equipment used for a specific purpose. And, TradeGearQW offers all the individual tools needed to conduct compliant trade. Importers and exporters can affordably build an individualized kit that responds to today’s requirements and later add more “gear” to their kit as their needs – and operational sophistication – change.
Our unbundled approach saves you money. So, too, does our decision to provide the TradeGearQW product line as a cloud-based offering.
TradeGearQW products, just like every QuestaWeb solution, are web native, meaning they harness the immediacy and power of the internet and facilitate collaboration among your global supply chain partners. QuestaWeb solutions consistently enforce defined business rules and allow you to manage by exception, minimizing the need for human intervention and limiting errors.
QuestaWeb offers importers and exporters a range of integration services as well. Please contact us for greater details.
Key TradeGearQW Features
- Regulatory tariff schedules for over 147 countries, including detailed tariff descriptions and fully qualified tariff codes
- Product classification engine
- Rules, regulations, origins and more for over 300 Free Trade Agreements
- Most Favored Nation applied duty rates plus origin-to-destination preferential duty rates
- Foreign Trade Agreement decision engine
- Landed cost engine
- Denied party screening tool with audit trails
- Intelligence engine for OGA/PGA requirements
- Compliance product database
- Other import taxes, including Value Added Tax, excise taxes and miscellaneous border taxes
Our TradeGearQW Solutions for Importers and Exporters Help Customers to:
- Move goods to market in a more timely manner.
- Maintain complete, up-to-date regulatory tariff schedule information in one centralized database.
- Classify products in over 147 countries using current regulatory data for each location.
- Employ a classification engine to classify products more efficiently.
- Identify countries with preferential treatment and special programs.
- Access the rules, regulations, origins and more for over 300 Free Trade Agreements.
- Use a Foreign Trade Agreement decision engine to determine and qualify products.
- Rely on a landed cost engine to calculate costs in different locals worldwide.
- Make better and more accurate sourcing decisions.
- Perform denied party screening and create audit trails.
- Provide information to all your business units worldwide in multiple languages.