Minimizing duties is one of the fastest and easiest ways to squeeze financial returns out of a company’s global supply chain. Unfortunately, many companies fail to take advantage of duty minimization programs due to the perceived difficulty of qualification and administration.
Amber Road’s duty management solutions help companies simplify and automate the qualification and administration process associated with managing free trade agreements (FTAs) and Foreign-Trade Zones (FTZs). For example, Amber Road's solution automates the supplier solicitation, qualification and certificate management processes for multiple FTAs including NAFTA, CAFTA, KORUS, EEA, and EFTA.
Business benefits include:
Reduced logistics costs, duties, fees and taxes
Enhanced performance metrics and savings reports analysis
Reduced manually intensive processes
Ensured adherence to compliance regulations