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ONESOURCE Foreign-Trade Zone ManagementThomson Reuters

Foreign-trade zone (FTZ) software reduces cost of good with duty savings, taxes, and MPF cap. Expedite imports and exports and keep supply chain data in one central location for better inventory accuracy.

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Vendor

Thomson Reuters

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Company Website

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Product details

Achieve cost savings and operational efficiency with ONESOURCE Foreign-Trade Zone (FTZ) Management

Maximize cost-savings opportunities, expedite shipment importing and exporting across borders, and direct your zone operations with the necessary tools

Features

  • **Get duty and fee savings throughout the importing, exporting, and manufacturing process: **Eliminate, defer, or reduce U.S. Customs and Border Protection duty payments by taking advantage of inverted tariffs, duty-free re-exports, and merchandise processing fee cap.
  • **Improve speed to global markets and increase competitiveness: **Deliver goods directly to the foreign-trade zone without customs application and approval delays — resulting in faster inventory turnover and improved cash flow.
  • **Increase efficiency in your supply chain with automated reports: **Save valuable time by automating the creation of required reports for the FTZ Board and CBP. Reports include warehousing details, use of materials, supply chain records, and customs classifications.
  • **Make global trade operations as simple as possible: **Manage global trade operations — single or multiple subzones — from one web-based platform. Platform abilities include e-filing all CBP documentation, such as entry filings, e214, and QP/WP.