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New UPS Software Simplifies Trade by Tackling Compliance Obstacles.


ATLANTA -- UPS Trade Management Services, Inc., a unit of UPS Supply Chain Solutions, (NYSE NYSE

See: New York Stock Exchange
: UPS), today simplified international trade management by unveiling a new software suite called UPS TradeSense(TM). The software helps U.S. exporters and importers manage customs clearance and security regulations associated with global trade.

The benefits to companies using this software can include increased compliance, lower operating costs operating costs nplgastos mpl operacionales  and reduced exposure to penalties along with optimization of internal processes.

"The UPS TradeSense technology supports UPS's mission to synchronize global commerce," said Bill Ansley, vice president of UPS Trade Management Services. "Customers now can better coordinate their trade responsibilities to help minimize delays in moving goods across borders that may result from documentation errors or compliance issues."

UPS TradeSense supports several important trends in the international trade sector, including the enhanced focus on trade compliance and the need to retain and organize trade related information in case of audits by U.S. Customs and Border Protection U.S. Customs and Border Protection (CBP), a bureau of the United States Department of Homeland Security, is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. trade laws.  (CBP CBP

competitive protein binding.
) and other government agencies.

UPS TradeSense is a neutral technology platform that can be integrated into virtually any IT infrastructure, allowing the maintenance of all trade-related data in a single location for easy management and connectivity to global supply chain partners. This fully integrated solution has screen level security protocols controlled by the user's personal identification code. The software can be sold and supported separately or be used as part of a solution provided by UPS Trade Management Services.

The UPS TradeSense software was built with a modular design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities.  allowing companies to address specific global trade needs. These include:

--The TradeSense Trade Data Repository See repository.  is a tool for managing, storing and disseminating international trade-related information at the item or stock keeping unit (SKU (StockKeeping Unit) The number of one specific product available for sale. If a hardware device or software package comes in different versions, there is an SKU for each one.

SKU - stock-keeping unit
) level. With its connectivity to CBP, it allows companies to maintain a high level of compliance.

--TradeSense Import allows a company to automate and better manage import transactions in the pre-entry, entry and post-entry phases, ensuring that they are in compliance with U.S. regulations.

--TradeSense Export provides exporters with tools to automate export compliance, thus streamlining export transactions from order to shipment.

--TradeSense NAFTA NAFTA
 in full North American Free Trade Agreement

Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's
 helps companies determine whether their goods meet NAFTA qualifications and manage NAFTA solicitations.

--TradeSense Drawback can streamline the process of claiming duty drawbacks and maximize the amounts available for recovery.

The new software expands the UPS Trade Management Services integrated portfolio offering. The wholly-owned subsidiary of UPS Supply Chain Solutions provides trade, tariff and compliance consulting services, technology solutions, educational seminars and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality  that assist companies in managing their daily import and export activities.

Earlier this year, UPS launched another technology simplifying international trade known as Quantum View(SM) Manage for importers, which provides U.S. importers with online tools that enable them to better manage their internal import compliance processes and expedite clearance of their cross-border small package shipments.

UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 (UPS) and the company can be found on the Web at UPS.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 23, 2005
Words:535
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