Descartes Systems, the global leader in uniting logistics-intensive businesses in commerce, announced that Vigilant Global Trade Services, specialists in providing global trade compliance managed services programs to Fortune 100 companies and others, is using Descartes CustomsInfo and Descartes MK Denied Party Screening solutions to help ensure their clients comply with ever-changing global trade regulations.
“Vigilant helps clients transform reactive and unsupported compliance programs, into proactive, efficient and strategic global trade compliance programs,” said Derek Abramovitch, Chief Relationship Officer, Vigilant Global Trade Services. “Accurate and efficient worldwide product classifications and screening of business partners and transactions for restricted or sanctioned parties are fundamental building blocks of successful global trade compliance programs. Descartes provides us the content and technology tools to automate these processes so that we can focus on applying our domain expertise in value-added areas to help our clients improve operational efficiencies, minimize disruptions to their supply chain, mitigate risk and find opportunities to reduce compliance related costs.”
Global trade compliance is critical to overall supply chain performance and strategic companies are leveraging trade compliance programs to increase the speed and transparency of their supply chains while reducing costs. Companies must support a plethora of Free Trade Agreements (FTAs) and complex Preferential Trade Programs, respond to increased Customs and Border Protection (CBP) Requests for Information, while keeping up with changes to country- and industry-specific regulations, and frequently-updated sanctioned party lists. The integrated Descartes CustomsInfo and Descartes MK Denied Party Screening solutions provide research, decision support, and automation capabilities to effectively manage worldwide product classifications, customs compliance, FTAs, denied party screening, and other processes required to demonstrate reasonable care in compliance with trade regulations. The solutions also help companies to decrease duty spend, avoid compliance fines and penalties, and meet the unique demands of different industry sectors.
“We’re pleased that our global trade content solutions are helping Vigilant deliver strategic technology-enabled compliance programs for clients worldwide,” said Joely Callaway, Vice President, Product Management, Customs Content at Descartes. “Our cloud-based content solutions help organizations work smarter by uniting compliance professionals and the systems they use with the trade data they need to streamline international commerce.”