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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 Descartes QuestaWeb FTZ?

The Descartes QuestaWeb FTZ Software enhances the efficiency of operations in Foreign Trade Zones by automating and digitizing crucial tasks such as customs documentation, inventory oversight, Harmonized Tariff Schedule classification, and adherence to regulations, all within a single, cloud-based platform. With real-time insights into inventory and shipments across multiple FTZ sites, it enables streamlined tracking of products, precise reconciliations, and minimizes the risk of incurring early duties. By facilitating the electronic filing of important CBP documents, including e214, in-bond, 346.1, and 7501, the software significantly cuts down on manual processing and reduces the chance of errors in submissions. Furthermore, its built-in tariff classification capabilities and support for various duty scenarios—such as deferral, reduction, elimination, inverted tariffs, re-exports, and waste/scrap exclusions—promote duty savings and enhance cash flow. The platform also features strategic cost-saving tools that forecast tariff reductions, optimize logistics, and leverage property tax relief along with lowered insurance costs related to duty-exempt inventories, ultimately cultivating a more streamlined trade environment. Additionally, the software enhances overall compliance and plays a vital role in improving the financial stability of enterprises that operate within foreign trade zones. As a result, businesses can focus more on growth and less on the complexities of regulatory requirements.

Media

Media

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

Pricing not provided.
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

Descartes Systems Group

Date Founded

1981

Company Location

Canada

Company Website

www.descartes.com/solutions/global-trade-intelligence/foreign-trade-zone-management-with-ftz-software

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