Remove trade-compliance-digitize
article thumbnail

Why Trade Compliance Should Digitize

3rdwave

What is Digitization? Digitization is the conversion of analog information (paper-based) into a digital format. In a business context, it goes further – Digitization is the automation of processes based on digital information formats. It is the replication of the real (physical) world in a digital format.

article thumbnail

5 Benefits of Digitizing Import Management

QAD

Manufacturers and distributors that rely on sourcing raw materials or goods have significant compliance obligations. Global trade and supply chains run on documentation and paperwork. A report from Deloitte found that many companies face challenges in developing their global trade management programs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Trade Compliance Should Digitize

3rdwave

What is Digitization? Digitization is the conversion of analog information (paper-based) into a digital format. In a business context, it goes further – Digitization is the automation of processes based on digital information formats. It is the replication of the real (physical) world in a digital format.

article thumbnail

Navigating New Regulations: Supply Chain and Global Trade Compliance Challenges in 2023

QAD

However, the standards of compliance are evolving to ensure greater accountability for corporations and their supply chains. A Global Movement for Compliance Regulations like GSCA are a growing global movement. Addressing Non-Compliance Swiftly Should you uncover non-compliance with ESG standards , you will need to act swiftly.

article thumbnail

Imports: How AI Simplifies Product Classification

QAD

Introduction Let’s explore the potential of Artificial Intelligence (AI) in progressing your global trade operations, with a specific focus on the process of Product Classification within international transactions. The first six digits, known as the “HS Code,” or a “subheading” aim to harmonize tariffs globally.

article thumbnail

Introducing QAD Adaptive Applications Sept 2023 Enhancements

QAD

Let’s dive a little deeper, into what is included in the following QAD product areas: Digital Supply Chain Planning Update Time is a precious commodity in supply chain planning. In the world of global trade, compliance is paramount. There are also additional improvements in the QAD products line up.

article thumbnail

Global Trade is Getting More Complex: a Report from ICPA

QAD

This year the QAD EMEA team participated in the International Compliance Professionals Association (ICPA) in the Netherlands. Firstly, there was a general agreement amongst attendees that global trade management and compliance is getting ever more complex.

Global 52