Practical Trade Management for a Complex World

Written by Nicolaas Beehler
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3 minute read

From the moment you source your goods to the moment they’re delivered to your customers, you’re navigating complex requirements and protocols. With so much to keep track of, if you’re using spreadsheets and emails to manage those complexities, you could be leaving yourself vulnerable to costly mistakes, wasted time, and unforeseen issues.

For most trade specialists, their time is spent focused on manual tasks such as:

  • Providing information to the broker when the freight is arriving at the destination port
  • Sending the vendor details about a product to include on an invoice
  • Using several spreadsheets to manage information
  • Responding to a shipment being held up because it got flagged on a sanctioned list
  • Managing cost changes due to unforeseen duties and taxes
  • Having to quickly verify if a product is subject to another government agency's requirement
  • Managing several different lists of contacts or sites where you are posting your product information because of different shipment lanes or countries of import

On a weekly basis, trade professionals are required to manage the impact of rolling changes such as:

  • New listings of sanctioned entities to avoid
  • Updates to Harmonized Tariff schedules for one or more countries
  • New anti-dumping cases being logged
  • Updated procedural protocols customs authorities may want to be followed

Aside from managing external changes, importers and exporters have three different data sets they need to manage consistently:

  • Master Data - Focused on products and key attributes
  • Transactional Data - Focused on shipping and partner information
  • Regulatory Data - Focused on government compliance information

Not managing these data sets in unison can have organizational, financial, and legal implications that impact an organization's resilience and nimbleness.

Tradeflow was created to serve as a comprehensive resource for managing trade compliance. We provide instant access to harmonized system classifications, duty and tax options, free trade agreement savings, and more. With Tradeflow, you can quickly screen potential vendors and customers to see if they meet your requirements.

Our platform is built for trade compliance managers. We provide a means to track all changes and build an audit trail. Like a tree that grows stronger over time, the longer you use the system, the deeper your audit history and confidence will grow, rooting you into a well-grounded process for the long term.


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Blog was originally posted on October 12, 2022 9 AM

Topics: Tradeflow

Nicolaas Beehler

Written by Nicolaas Beehler

As Director of Tradeflow®️, Nicolaas helps companies navigate the complexity of international trade regulations. With Tradeflow, he assists companies to efficiently cross customs borders through the aid of software. This requires a focus on the trade data tied to the physical movement of goods.

3 minute read