Executive Briefings

Export Control Extension Released for Exporters of Military or Dual-Use Items

IFS, the global enterprise applications company, has released a module to help companies in the aerospace and defense market manage the complex timing and legal needs associated with product export compliance. The extension manages compliance with ITAR, EAR and UK Export Controls.

As part of the IFS Applications suite of enterprise resource planning software, the Export Control extension is designed to assure users their exports comply with trade regulations within their markets.

IFS Export Control is a complete customizable export control system which allows suppliers with multi-site operations in different geographies to create a fully integrated database of export products and regulations. By entering the parameters of the exporter's product developments, current licenses and the relevant trade regulations, exporters of military or dual-use items can have complete control over supply chain compliance according to their own needs.

Instead of the costly and time-consuming process of individually checking each order against current licenses and regulations, Export Control automatically flags up potential breaches of export regulations, and a series of alerts warns exporters of non-compliance issues.

"For multinational exporters operating in several jurisdictions, the challenges of making certain that every order complies with every regulation can be immense," says Dave Holroyd, managing director, IFS Defense. "Our new solution has particular relevance in the A&D market, where a simple oversight in order processing can be extremely dangerous for a company's reputation. Export Control flags up potential breaches of export regulations, including the export of dual-use items, to ensure that users have the information they need to assess whether orders can go ahead."

Source: IFS

As part of the IFS Applications suite of enterprise resource planning software, the Export Control extension is designed to assure users their exports comply with trade regulations within their markets.

IFS Export Control is a complete customizable export control system which allows suppliers with multi-site operations in different geographies to create a fully integrated database of export products and regulations. By entering the parameters of the exporter's product developments, current licenses and the relevant trade regulations, exporters of military or dual-use items can have complete control over supply chain compliance according to their own needs.

Instead of the costly and time-consuming process of individually checking each order against current licenses and regulations, Export Control automatically flags up potential breaches of export regulations, and a series of alerts warns exporters of non-compliance issues.

"For multinational exporters operating in several jurisdictions, the challenges of making certain that every order complies with every regulation can be immense," says Dave Holroyd, managing director, IFS Defense. "Our new solution has particular relevance in the A&D market, where a simple oversight in order processing can be extremely dangerous for a company's reputation. Export Control flags up potential breaches of export regulations, including the export of dual-use items, to ensure that users have the information they need to assess whether orders can go ahead."

Source: IFS