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Management Dynamics' Trade Agreements module automates this process by tracking, recording and reporting “originating products” that qualify for privileged duty status directly to Customs, while at the same time ensuring full compliance with the Customs Modernization Act and its strict record-keeping requirements. The Trade Agreements solution automates the supplier management, qualification and compliance processes required for global enterprises to recognize the benefits from participation in preferential trade agreements. Interfacing with an existing ERP, the solution tracks inventory, manages Bill of Materials (BOM), collaborates with suppliers and generates trade documents; fully automating the complex and time-consuming tasks associated with trade agreement management. The system maintains and updates rules of origin, duties and taxes for more than 100 preferential trade agreements including NAFTA, CBTPA, AGOA, ALADI, CARICOM, ASEAN. Under the NAFTA rules of origin, goods traded between Canada, Mexico and the United States receive a reduction in duties, fees and taxes if a certain percentage of a product’s components are made in a NAFTA country or if a qualifying tariff shift occurred. In order for a company to take advantage of these incentives and other preferential program incentives, an efficient trade agreements management system must be in place. |
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Rules of Origin Maintenance - NAFTA Qualification - Collaboration for Supplier Document/Information Request - NAFTA Certificate for End Users - Audit Trails - Reports 
