Since Integration Point has a global team, Integration Point, which sells access to its content repository as well as its trade management solutions on a subscription basis, is able to keep its repository current, which is no mean feat considering there have been over 2M updates to HS classifications alone on a global basis so far this year and over 1M updates to the import / export document database were required to capture regulation updates, trade agreement updates, form updates, and new rulings.

Integration Point now has one of the best and most complete Global Content Solutions out there and should be included in your list of content solution providers as you endeavour to get your compliance under control because Content is a Cornerstone of Compliance.

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Building software on a single, Web-based platform, Integration Point allows organizations to manage trade programs and comply with global regulatory requirements while improving visibility and realizing savings. The company also provides solutions for import/export management, supply chain security, entry validation, denied party screening, product classification, free trade agreement qualification, foreign-trade zones, and global duty deferral program management.

“We have an opportunity to redefine global trade,” says founder and CEO (Tom) Barnes. “Some think of our business as software, but we are also involved in updating regulatory content. This, combined with the connectivity to supply chain partners and government entities across the world on one platform, provides the opportunity to help mold our industry.”

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Q: Why should companies consider trade agreements when looking to find the best sourcing option?

A:Companies need to factor into their sourcing decisions the opportunities provided by free trade agreements if they are to truly reduce lead times and take advantage of cost savings available throughout their supply chain. By incorporating trade agreements into their sourcing strategy, companies are able to analyze the savings opportunities that exist when sourcing from countries both local and afar, and determine where preferential duty rates may impact the traditional landed cost of their purchased goods by delivering better tariff outcomes.

Companies that can effectively integrate trade agreements in this way will gain a competitive edge in the marketplace; however, given the dynamic nature of trade and with new agreements signed every other day, for most this is easier said than done.

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Today, Taylor says, Integration Point provides Schenker with a single platform for managing and reconciling its FTZ inventory. In conjunction with the logistics provider’s warehouse-management system, the tool allows the facility to admit goods into the FTZ, reconcile inventory, carry out reporting, and assign goods to weekly entries or exports being shipped in bond. “Integration Point is the platform under which anything that’s part of the FTZ is managed,” she says.

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Business applications in the cloud are moving us all into the next phase of computing and data sharing, especially in the arena of global trade.

Global Trade Management (GTM) in the cloud means having access to a solution that not only provides up-to-date information in a secure environment, but also allows companies to add compliance areas as their needs grow. It also means that companies can have a single source of truth that is accessible to all parties in the supply chain, while maintaining the integrity of that data in a secure environment. But, before we understand why GTM in the cloud really works, let’s explore the components of GTM and the importance of not only having that single source of truth but sharing it across the supply chain.

A large part of GTM, especially when in the cloud, is providing visibility into the supply chain. You may think you have visibility now, but once companies move GTM components to the cloud, they find that by automating processes and creating a shared platform, visibility increases even more.

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