Insider perspective on customs compliance nov 14 2013 final

3rdwave GCMGlobal Commerce Management

Solutions@3rdwaveGCM.com

Direct Filing-Automating your ISFAnd Customs Entry

Global Commerce Management

Solutions@3rdwaveGCM.com

Direct Filing-Automating your ISFAnd Customs Entry

The following webinar was presented on Thursday, November 14. It was the second webinar in a 2-part series on the opportunities and benefits of Automating ISF and Customs Self Filings.

Blinco Systems Inc.

Since 1988, Blinco Systems Inc. (“BSI”) (www.blinco.com) has been a leading developer and solutions provider in Global Commerce Management, synchronized global supply chain

execution and consulting services to companies involved in global trade and commerce. BSI’s clients range from global sourcing divisions of multi-billion dollar companies to SMEs who

participate in global sourcing, purchasing, importing and distribution.BSI provides 3rdwave GCM solutions that fully support our client's unique business processes. Our solutions insure that our clients execute, manage and control their global environment to

deliver the highest levels of available-to-ship/available-to-deliver capabilities at the lowest possible cost and optimal levels of inventory.

TRG Direct® (www.trgdirect.com) is an importer direct-filing service developed by the principals of Trade Risk Guaranty, Corporation for International Business and

Trade Innovations.

Over the past few years TRG Direct® has become the fastest-growing Web-based solution for filing Customs entries in-house. TRG Direct® provides a compliance-based solution that allows

importers of various sizes to save thousands of dollars annually in outsourcing fees. Even though savings has been a significant factor in the decision for many importers to direct file,

the increased supply chain visibility and U.S. Customs compliance are known to be two of the greatest benefits of TRG Direct®.

Direct Filing-Automating your ISFAnd Customs Entry

November 14, 2013

No one knows more…

• About the product you’re importing than your own flesh and blood

• They have access to technical specifications, the buyer, the manufacturer or vendor and possibly samples of the product

No one will take greater care…

• …in the preparation and processing of that entry than your own flesh and blood

• In case after case, importer compliance rates have been vastly improved – in many instances it’s 100%

• Myth – Using a broker limits or otherwise mitigates my exposure and liability with CBP

Size does matter, but…

• The best-in-class concepts and ideas we discuss today are scalable

• All importers, no matter their size, are subject to the same requirements and laws – and the CBP standard known as Reasonable Care

• Every importer or exporter needs at least one person who lays awake at night thinking about compliance

• Easier said…

Direct Filing Program - 1987

Key Takeaways

• Reduced brokerage expenses to almost zero• Significantly improved our compliance rate

with Customs• Took 3 full days out of the supply chain• Alerted us to untimely or errant suppliers and

vendors• Virtually eliminated the need to audit

Key Takeaways

• With support from the highest echelons of the company, it is possible to go from worst to first in trade compliance

• Having adequate resources protects the company’s all important brand and image

• It also fosters creativity and fuels continuous improvement

• Direct-filing is attainable even for the 2nd largest importer

Bozeman Montana

Bozeman, MTImport Services Capital of America

It’s just a different type of traffic…

Self Filing & AutomationIt is just a different approach to

A very old business…

Today, life’s a cloud…

IT

…so let’s play in it.Perhaps we are not so locked into our own IT

infrastructure

What’s in your cloud?

AS 400

SAP

Homegrown

The Broker / Importer RelationshipWhere it all begins…

TRG Direct Full Service BrokerageSelf-Filing Application

Changes in RegulationCBP

Now Homeland Security vs. Treasury

MOD ActResponsibility resides with the

Importer of Record

What’s my broker doing today…?

• Policies• Procedures• Execution

Journey to ComplianceFor both the Importer of Record and

the Broker

Supply Chain Tasks You may already be familiar with (or should be):

• Classification• ISF/Entry Documentation• Data Entry/File ISF• Data Entry/File Entry

• Port Relationships• Freight Relationships• Payment of Duties/Fees

Self Filing ChoiceBegins with: Risk Management

Cost

Control

Compliance

COMPLIANCE

• Greater role than ever before

• Internal Compliance and Risk Management Mandates the establishment of Procedures

• MOD Act

CONTROL

ISF DocumentationEntry Documentation

Data Archive/Parts ListsNo one knows your business

better than your own Employees

The Cloud puts this all on your Dashboard!

COST

• Reduce Cost of ISF• Reduce Cost of Entry• Safeguard Potential Fines or

Penalties

AUTOMATION

New Technology

Brings processes to procedures

AUTOMATION

• Freedom to redesign your import team.

• Managers of your Supply Chain From Data Entry Clerks

ISF Data Sheet

ISF DATA

Commercial Invoice

Bill of Lading

Arrival Notice

ENTRY DOCUMENTATION

SELF-FILING vsTHE ADMISSIONS OF A FULL SERVICE

BROKER

Costs of Brokerage Services:• REGULATORY COSTS

• INTERNAL COMPLIANCE• STAFFING/CLERICAL

• MISTAKES ARE COMMON

TRG DIRECT & 3RDWAVEPARTNERSHIP

• FULL CUSTOMER SERVICE• LICENSED PROFESSIONALS• ONGOING TRAINING• USER GROUP WEBINARS

AUTOMATION

Let’s see how it works!

Q & A

• We will now open the lines for any questions you may have.

• Please raise your hand (if you’re on the phone and want to ask

• your question aloud), or chat your question in the chat.

• Questions will be answered in the order they are received.

Contact us with questions or to schedule a consultation:

TRG Direct Customer Servicecustomerservice.@trgdirect.com406-922-6600

Ned BlinickSolutions@3rdwaveGCM.com(416) 510 8800 ext 234