As companies expand to new markets and regions to secure more customers or outsource to remain competitive, they must be prepared for multi-country product sourcing and import/export and shipping reform. Heightened security requirements and compliance with corporate governance legislation, including the US Sarbanes-Oxley Act and International Financial Reporting Standards (IFRS), should also be considered.
International Trade Logistics provides an integrated transportation management and trade compliance solution that enables organizations to make faster, smarter trade decisions by streamlining, accelerating, and integrating complex import and export processes. It ensures timely delivery of goods and curtails customs delays at the border, reducing exposure to non-compliance fines, penalties, and seizures.
With the international trade logistics capabilities offered by Infor Transportation and Logistics, companies shipping goods across multiple countries can successfully manage and control their international trade processes. This far-reaching solution optimizes the movement of goods across international borders by providing product classification tools, up-to-date compliance content, automated screening, total landed cost calculation, and event management.