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Day: December 27, 2017

How Export Control Software Can Ease Pains For Your Business

Exporters and importers would certainly prefer their business flourish by mitigating unnecessary risks that may hamper their brand name, reputation and import & export privileges.

On the other hand, the companies which failed to comply with export control regulations ended up with heavy fines and penalties. In fact, some companies still remain unaware of the set of laws codified as the US export control regulation, until they fall into the non-compliant companies and organizations situation when the U.S. government export enforcement office investigates them for violations.

The governmental agencies, particularly, the U.S. Department of Commerce’s Office of Export Enforcement, U.S. DHS Immigration and Customs Enforcement (ICE) and U.S. Department of Justice request exporters to conduct certain safeguarding activities, widely known as checks and verifications under “Know Your Customer”, as in the following:

Check customers, suppliers and other trade partners thoroughly prior to completing any business transactions with them,

Check if ordered products match the customer’s businesses practice or not.

Verify about modes of transportation and packaging requests.

Check for the red flags in routing of shipment through multiple countries.

Deny high-value transactions in cash.

Carefully screen their names and addresses against Denied party lists.

The aforementioned methods would also be great steps in implementation of good export compliance posture. Several U.S. Government agencies and other country government agencies, including the International organizations, regularly publish red flags and lists of banned, prohibited and denied persons, entities and companies. Periodically referring to those large numbers of lists, one can discover whether an entity is acceptable to do business from the U.S. export control regulations perspective or not. But, would this be effective enough for you? Does it make easier or faster for you? Absolutely not! Unless there’s something as efficient as automated export control software, the fact-checking against restricted party lists will be quite difficult, cumbersome and labor intensive.

How the software can help your business?

In the current scenario, if you don’t keep up with the recent technological trends and the speed of international trading you may hinder your business’ progress. Having efficient and accurately working export control software is a definite must. Automated restricted party screening software will help you check your trading partners against several internationally barred and denied company lists. Not only that, it will also help you keep a tab over ever changing international and national import and export control regulations. You can request top software providers for a complete software package that also helps you with ECCN and HTS classification as quickly as possible. The advantages of using this software include:

Reliable trade partner screening prevents long hours of manual search operations. With greatly improved flexible searching capabilities, such as phonetic search and fuzzy logic search, screening software in the market today allow users to find accurate results in a fraction of seconds.

Batch/bulk screening of lists makes it highly efficient for businesses that have got a lot of work to do. You will have a cost-effective solution at work, which helps you with compliance measures …

Availing the Maximum Car Insurance Discounts

You have many ways that will help you reduce the monthly car insurance that you have been paying as a premium. By examining the factors that can affect the price of the premium rate of the auto insurance, you will be able to have the ability to at least lower the premiums that you are paying for the insurance as it goes.

One of the premium rate factors that can help you reduce its monthly payments will be the age of vehicle owner. Being a senior citizen at a certain age can make you avail of the senior citizen discounts which may include the car insurance that you have.

All you have to do is to present the proof that you are at that age and that you are considered to be a senior citizen. You have to go to the insurer and then process the papers that you have to present.

If you have no car insurance yet or if you want to change to another insurance company then all you have to do is to compare quotes and then look for the ones that can also offer certain discounts on auto insurance . Find the one that can give the highest or maximum discounts without eliminating some of the benefits that you need.

By doing so, you will be able to have the best deals of auto insurance when it comes to price and at the same time, the benefits. So find the insurance deals now on the Internet and get the discounts that you want to have. …