
Duty Managemente2open
Optimize duty savings with automated management of deferrals and refunds. Fully leverage EU Customs Warehousing, U.S. Foreign-Trade Zones (FTZs), and Duty Drawback programs.
Vendor
e2open
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Product details
E2open Duty Management is a software solution that streamlines the process of identifying and leveraging duty savings opportunities for importers. It automates the qualification of products for free trade agreements (FTAs) and duty reduction programs, minimizing manual effort and reducing costs associated with international trade.
Key Features
Automated Duty Savings Identification
- Analyzes transaction data to pinpoint eligible duty savings programs
- Examines product components to determine origin and identify savings opportunities
Trade Agreement Management
- Maximizes savings from FTAs using automation and comprehensive trade content
- Provides powerful classification engine and supplier collaboration tools
Customs Warehousing Automation
- Reconciles inventory movements against duty-reduction program requirements
- Manages receipts, goods issues, and adjustments for programs like free-trade zones (FTZs)
Benefits
Cost Reduction
- Lowers overall cost of goods by streamlining duty reduction processes
- Decreases consolidator, air freight, and additional inventory expenses
Compliance and Risk Management
- Maintains regulatory compliance using accurate regulatory information database
- Reduces risk of errors in trade agreement and duty program documentation
Operational Efficiency
- Automates tasks required for duty optimization programs worldwide
- Generates necessary data for reporting through analytics tools
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