American Shipper’s latest Import Operations and Compliance Benchmark Study: Two Worlds Collide, reveals the truth about import compliance automation, and provides a comparison of systems-based and manual approaches.

 
Check out this infographic to learn more, and don’t forget to download the report to learn how you can improve your company’s import compliance processes.

 

Amber-Road-Import-Compliance-Infographic

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webinar_image_200x200Amber Road would like to thank all of those who attended our Minimizing Exposure, Liability, and Risk in Trade Compliance webinar. The attendees asked some great questions, but unfortunately, we ran out of time and were unable to answer all of them. The presenters were kind enough to provide us with written responses to those questions. Here are a few:

 

 

  • As a senior compliance professional, do I need insurance similar to our C-level leadership?
    One can make the case that Empowered Officials and senior trade compliance professionals should be covered the same way senior executives and others in the organization are (including the board of directors). To my knowledge there’s no separate insurance package or coverage available for EOs and senior trade compliance professionals. With the job’s level of responsibility it’s certainly a worthwhile consideration.
  • From an enforcement perspective are there cases where an Empowered Official or Responsible Authority went to jail?
    I do not know of any case where an EO went to jail. I do know of cases where the EO (or other trade compliance professional) was put on administrative leave, fired, demoted, sued by the corporation for breach of contract, and investigated personally by Justice. There are many cases where senior staff (i.e. VPs and above) have gone to jail and suffered many other negative outcomes, including significant fines and debarment.

Don’t see the question you asked?  Follow this link to see a full list of questions and answers.

 

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Is your company struggling with the task of installing an Export Compliance Program (ECP)? We can help! This Wednesday, July 25, catch the third installment of Amber Road’s export compliance webinar series. Broadcasting live at 2pm EST, this webinar will show you how Export On-Demand can help with Shipment Screening & Documentation.

 

The first two webinars in the series covered the first two steps a company should take when building an ECP: Restricted Party Screening and Product Classification. Once centralized data management and RPS programs have been established, companies can use Export On-Demand to:

  • Process an order
  • Create pre-mapped shipping documents
  • File with the U.S. Census Bureau’s Automated Export System (AES)
  • Screen shipments to manage and react to changes in the supply chain in a timely manner

Webinar Presenters:

  • Steve Keighley, Solutions Consultant, Amber Road
  • Scott Byrnes, VP of Marketing, Amber Road

Don’t miss the final webinar of the series. Register today!
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The US-South Korea Free Trade Agreement will go into full effect tomorrow, March 15, 2012.  With this FTA, roughly 80% of US exports of industrial products to South Korea will be duty free, while two-thirds of US exports of agricultural products will also become duty-free.

The International Trade Commission estimates that the reduction of South Korean tariff and non-tariff quotas on goods alone will add between $10 and $12 billion to the annual US GDP, and around $10 billion to annual merchandise exports to South Korea.  According to Ron Kirk, Ambassador of the U.S. Trade Representative, once the agreement goes into effect, it will open up South Korea’s $1 trillion economy and strengthen our economy’s partnership with a key Asia Pacific Ally.  To read more about the new free trade agreement, click here.

Is your company prepared to take advantage of this duty-saving opportunity?

The most common reason companies do not take advantage of FTAs is the administrative burden of identifying applicable FTAs and qualifying products. With over 100 FTAs in place around the world, manually administering trade agreements is understandably difficult. Global Trade Management solutions, however, can help you manage the solicitation and qualification process with your suppliers.

To find out how your company can automate this complex process and take advantage of the US-South Korea Free Trade Agreement, check out Amber Road’s Trade Agreement Management solution.

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Join Amber Road on Wednesday, February 22nd at 2:00pm EST, for a complimentary webinar showcasing TradeWizards.com, a new cloud-based portal that enables companies to classify products, calculate duties and taxes, and screen for restricted parties…for FREE!

During the “TradeWizards.com: Answers to Your Tough Trade Questions” webinar, industry experts will review the challenges companies are facing when it comes to importing and exporting, and show you how TradeWizards.com can help combat those challenges.

Speakers will include:
Scott Byrnes, Vice President of Marketing, Amber Road
Steve Keighley, Solutions Consultant, Amber Road

Join us to learn how TradeWizards.com can help you tackle your compliance challenges.  Register today!
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Amber Road, a leading provider of Global Trade Management solutions, announces the launch of its latest trade compliance product, TradeWizards.com, a free cloud based portal for global trade.  TradeWizards.com is a suite of nine different research tools that helps organizations quickly answer questions related to the cost and compliance risks associated with importing and exporting goods.

 

TradeWizards.com will enable users to instantly perform numerous global trade activities including: restricted party screening, product classification, and landed cost calculations..  What used to require hours of manual interpretation of trade rules is now an automated process achieved instantly via TradeWizards.com.

 

Find out how you can streamline the trade compliance process at your company. Watch the TradeWizards.com tutorial.

To read the full press release, please click here.

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Join World Trade 100 and Amber Road (formerly Management Dynamics, Inc.) on Thursday December 15th at 2 PM EST for a complimentary webinar, Global Trade Compliance in the Oil & Gas Industry: A Case Study with Weatherford.

 

Global trade experts will explain the importance of automating trade compliance processes and the difficulties oil and gas companies face, as well as present recent developments in the industry. By attending this webinar, you will walk away with:

 

• A better understanding of the export compliance challenges oil and gas companies are facing
• Various strategic considerations to think about when implementing an automated trade compliance solution
• Best practices you can use to improve your company’s export compliance processes

 

Speakers will include:
Scott Byrnes, Vice President of Marketing, Amber Road (formerly Management Dynamics, Inc.)
Natalia Shehadeh, Director of Trade Compliance, Weatherford
Scott Johnston, Attorney, Specializing in U.S. Import/Export Law, Givens & Johnston, PLLC

 

Join us and find out how you can automate your trade compliance process!

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Part Three: Shipment Screening & Documentation

The third and final webinar in this series will be held on Friday, November 18th at 2:00pm EST and will review Shipment Screening & Documentation, the final step in building an Export Compliance Program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

  • The importance of transactional screening and why it is a necessary requirement in any compliance program
  • How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
  • How to leverage the data from the export order to automatically determine and create key export documents and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Amber Road (formerly Management Dynamics)

Register today and learn how you can take the final step in establishing an Export Compliance Program!
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New Name Marks Continued Growth and Evolution for Global Trade Management Leader

Management Dynamics, a leading provider of Global Trade Management solutions, today announced that it has changed its name to Amber Road.  The name change comes during a year of rapid expansion, marked by a 40% growth in employees, a 325% increase in European bookings, and the opening of a flagship office in Tysons Corner, Virginia.  This breakout year is anchored by a 33% compound annual growth rate (CAGR) in overall revenue for the past decade.

“Today, our SaaS-based solutions span fourteen software products that include global transportation management, import/export compliance, supplier management, supply chain visibility and a content knowledgebase covering trade regulations and tariffs for more than 120 countries, “  said Jim Preuninger, CEO.

To learn more, please read the full press release or visit www.AmberRoad.com.
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Part Three: Shipment Screening & Documentation

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The third and final webinar in this series will be held on Friday, November 18th at 2:00pm EST and will review Shipment Screening and Documentation, the final step in building an export compliance program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

  • The importance of transactional screening and why it is a necessary requirement in any compliance program
  • How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
  • How to leverage the data from the export order to automatically determine and create key export documents, and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Join us to learn how you can take the next step in establishing an Export Compliance Program!
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