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What is MIC Global Trade Management?

In the rapidly changing global market, multinational companies can significantly reduce the costs tied to international customs and trade compliance by optimizing the logistics of their goods, which can provide them with both immediate and long-lasting competitive advantages. However, it is essential to have appropriate Global Trade Management (GTM) software seamlessly integrated with a firm's IT infrastructure and its customs and trade compliance processes to boost operational efficiency, ensure clarity, minimize compliance risks, and realize cost reductions. MIC offers an exceptional, intuitive array of web-based software solutions that can be tailored and implemented in a modular way to meet different organizational requirements. Our software is regularly updated and adapted to address the unique needs of various industries. These updates are informed by best practices within the industry and are designed to comply with the ongoing shifts in regional and national legal frameworks, ensuring that businesses stay both compliant and competitive. As organizations navigate the ever-evolving trade landscape, the strategic deployment of robust GTM solutions is not just beneficial but vital for achieving sustainable growth and maintaining a strong market position. Ultimately, embracing advanced technology in trade management will empower businesses to respond swiftly to changes and enhance their overall effectiveness in the global arena.

What is BorderAudit?

BorderAudit is an all-encompassing solution for post-clearance customs audits that helps importers automatically pinpoint and recover any overpaid customs duties. By integrating effortlessly with Tax Authority data through a simple authorization procedure, the system reviews two years’ worth of import declaration records. Once this connection is made, BorderAudit performs over 100 automated compliance checks for every import line, ensuring the correctness of tariff classifications, confirming preferential origin claims in accordance with all 43 UK trade agreements, evaluating the eligibility for returned goods relief, and scrutinizing customs valuations. Key features include: - Automated access to HMRC data, allowing for seamless customs data collection and the ability to process up to 4.4 million declaration lines daily. - Validation against the EU REX Registry, with BorderAudit being the only UK entity granted direct API access to the EU Registered Exporter database for real-time exporter credential verification. - Machine learning-enhanced identification of returned goods relief, which improves both accuracy and efficiency during compliance checks. In summary, BorderAudit simplifies the customs auditing procedure, making it significantly more manageable for importers to maintain compliance while reclaiming any funds where possible. This innovative platform not only boosts efficiency but also helps importers navigate the complexities of customs regulations with greater ease.

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Integrations Supported

Bureau van Dijk Review
Mendel
Oracle Cloud Infrastructure

Integrations Supported

Bureau van Dijk Review
Mendel
Oracle Cloud Infrastructure

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$0
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

MIC

Company Location

United States

Company Website

www.mic-cust.com/software-solutions/

Company Facts

Organization Name

BorderAudit

Date Founded

2022

Company Location

United Kingdom

Company Website

borderaudit.io

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