Blinco Provides Integrated, Automated Customs Management Solution
We are very excited to be going into full test with our client, Atalanta Corporation (> 4000 entries annually) and a leading 3rd party provider of Customs eFiling capabilities. What makes this so exciting is that 3rdwave GCM is taking a highly manual, expensive and often poorly controlled process and providing a fully automated, low-cost, closed-loop solution for eCustoms management. By allowing our clients to automate the entire entry, filing, and accounting processes with minimal user intervention, 3rdwave GCM provides a unique and highly valuable solution.
3rdwave GCM will create the 7501 entry directly from its data tables and execution records with absolutely minimal manual intervention. All relevant customs entry information related to suppliers, carriers, products, and HTS tariffs reside in 3rdwave GCM. In preparing the entry, 3rdwave GCM integrates the information from the data records and tables, with the shipment details, to create item level entry values. Once the entry details are validated to insure compliance, the system generates the transmission to customs. In the trial, Atalanta will be submitting the entry to a leading 3rd party provider of Customs eFiling systems. Finally, the Customs eFiling system will complete the 7501 filing transaction with Customs through its authorized gateway.
When the 7501 entry is completed, a parallel accounting process is triggered within the 3rdwave GCM Accounts Payables module. The system automatically generates an estimated Accounts Payable entry that is used downstream by accounting to validate, authorize and reconcile all inbound customs entry related invoices.
When the 7501 entry is completed, a parallel accounting process is triggered within the 3rdwave GCM Accounts Payables module. The system automatically generates an estimated Accounts Payable entry that is used downstream by accounting to validate, authorize and reconcile all inbound customs entry related invoices.
Atalanta’s CIO, V.P. of Operations, and Compliance Officer all believe that by automating the entire customs entry process they will gain several immediate, important and tangible benefits:
- reduced direct and indirect costs related to the filing process
- efficiency and accuracy in preparation of the customs entry
- streamlined record management supporting customs-focused audits
- enhanced accounting control
- increased compliance
- future competitive advantage.