Solution: QuestaWeb, recognizing the shared data elements between self-entries and ISF, devised a solution whereby the firm's suppliers could securely enter data at the source. Beyond eliminating data errors and ISF preparation fees, the solution allowed all import and ISF documentation to be automatically generated from systems data that were accurate, consistent and timely. The client also could file electronically with CBP, increasing savings and timeliness. Relative to duty drawback, QuestaWeb's comprehensive solution automated this once labor-intensive process and helped the client qualify for accelerated CBP payments.
Results: Plus, a recommended shift in inventory methodology increased the percentage of claimed refunds successfully recovered from 70% to almost 93%, equating to additional recovery amounts in the six figures annually.
About the Solution Provider: QuestaWeb provides integrated, Web-based GTM software that unifies import/export, logistics, compliance and financial processes. Our solutions allow proactive global trade management, accelerating goods flow across the supply chain, reducing inventory and operational costs and ensuring regulatory compliance. We offer complete systems and standalone modules-licensed or SAAS, hosted or installed.
Phone: (908) 233-2300
Enjoy curated articles directly to your inbox.