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HS & ECCN Classification softwareThomson Reuters

Efficiently prepare and maintain a tax audit trail … Stay organized for customs audits by maintaining a complete audit trail of the global trade team’s transactions, which you can download, print, and share with internal stakeholders and customs authorities.

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Vendor

Thomson Reuters

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Company Website

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Product details

Ensure import and export compliance with ONESOURCE Global Classification

Automate your Harmonized System (HS) and Export Control Classification Number (ECCN) classifications with accurate codes and duty rates to stay compliant

Features

  • **Efficiently prepare and maintain a tax audit trail: **Stay organized for customs audits by maintaining a complete audit trail of the global trade team’s transactions, which you can download, print, and share with internal stakeholders and customs authorities. Attach documentation to individual product records to easily support classification decisions.
  • **Quickly apply the correct Harmonized System classification by leveraging AI: **Classify with the power of artificial intelligence and machine learning. Let our Smart HS tool guide you through a series of tailored questions that use product characteristics taken from the tariff schedule to recommend an HS code at the six-digit World Customs Organization (WCO) level. The tool gains sophistication and intelligence with time as you use it.
  • **Ensure a consistent and repeatable HTS and ECCN classification process: **Disparate systems and countless Microsoft Excel spreadsheets make it difficult for many trade compliance departments to share product information and ensure a consistent and repeatable import and export process. ONESOURCE Global Classification easily creates and shares product information by creating single or multiple instances of the product database, increasing consistency and accuracy.
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