| Overview |
| World Trade Systems is a comprehensive suite of Web-based solutions that lets you centralize your trade compliance operations, including order and product management, product classifications, denied party screening, license determination, shipment documentation, and reporting and record keeping. WTS allows you to directly connect with the U.S. Customs AES and ABI systems, for rapid filing and access to critical, real-time regulatory information. |
| |
| Flexibility |
| WTS solutions, modular in design, can be easily configured to meet your trading needs today, and grow with you as your business grows. Install WTS in your own integrated computing environment or access WTS via our secure servers. Either way, with our rapid implementation, you and your trading partners have access to comprehensive and current trade information, enabling you to collaborate and execute as never before. |
| |
| Benefits |
- Simplifies, automates and improves your international trade processes;
- Enables you to make legal sourcing and procurement decisions, potentially saving you from significant government penalties;
- Empowers you to overcome the barriers to international business;
|
| |
| Features |
| Denied Party Screening: Several agencies with the United States government maintain their own 'lists' of entities (individuals and companies) with whom they do not permit trade. Examples of these entities include known terrorists, and/or parties guilty of past trade violations. Organizations with offices in the United States are required by law to screen all parties in an export shipment. WTS Denied Party Screening module performs this function. WTS Denied Party Screening Data Update Service consolidates these multiple lists into one database, and updates this database regularly, ensuring that you are screening against the most current 'lists'. |
| |
| License Determination: Allows you to determine if licenses are required for an order, add management capability for a given license, and apply licenses or license exceptions to an order. Links to BXA SNAP and DOS ELLIE systems for filing license applications and renewals. WTS License Determination Data Update Service keeps your licensing process in compliance, as it maintains regulatory updates for new license requirements issued by governmental agencies. |
| |
| Product Classification: Allows you to quickly identify the correct codes for your products, including ECCN (Export Control Classification Number) and HS (Harmonized System). The manual alternative requires days of researching thousands of pages and tens of thousands of classification codes-for each product. WTS Product Classifiers are so easy to use you do not need to consult international trade specialists for proper codes. |
| |
| Document Generation & Processing: Automatic generation of the required export and import documents needed for your orders and shipments, including Commercial Invoices, Bills of Lading, Shippers Export Declarations, NAFTA documents, etc. Documents can be electronically submitted to/or accessed by your selected trading partners, further streamlining a traditionally labor-intensive process. All documents for a given order or shipment are stored for future auditing purposes. |
| |
| Real-time Connectivity to U.S. Customs AES & ABI Systems: With our certified solutions, you are directly connected to the Automated Export System for filing automatically generated Shippers Export Declarations (SED's). For importing, you can directly connect to the Automated Broker Interface for submitting your Entry Summary, querying real-time information such as antidumping/countervailing duty and HS number lookups, or numerous other transactions. |
| |
| Reporting & Record Keeping: All of your transactions, filings and records are stored in a centralized database, which resides on your system, or can be hosted on our secure servers. With trade compliance, it is extremely important to track and trace all of your transactions, for Customs compliance and auditing purposes. Detailed reports can be generated for your internal management purposes as well. |
| |
| |
