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Product Compliance Management Application Offers Affordable Step for Marketplace Advantage
Westfield, N.J. -- November 18, 2008 -- QuestaWeb, Inc. (www.questaweb.com), a premier provider of Web-based integrated Global Trade Management (GTM) solutions, today announced the rollout of the Product Compliance Management (PCM QW) application, an innovative product and vendor management solution tailored to the global compliance needs of importers and exporters. PCM QW contains a robust trade compliance engine that manages a firm’s full range of products and vendors; updates content automatically; and possesses all the functionality required to alert users to regulation and tariff changes, perform vendor and product screenings, execute comparative landed cost calculations, and manage documentation and bills of material. PCM QW offers firms of all sizes a new price entry point, allowing greater access to GTM software functionality. Notably, PCM QW is the foundation of QuestaWeb’s more advanced Importer QW and Exporter QW modules, allowing seamless additions to the application as a firm’s business needs evolve.
QuestaWeb Vice President Wayne Slossberg says, “Few firms can afford a full-blown GTM system, so many compliance professionals must manage global trade compliance with a computer and spreadsheets. Keeping data current is a labor-intensive job fraught with opportunities for the types of errors that create liabilities for a company.” Slossberg continues, “PCM QW is a cost-effective solution, allowing a firm to take the first step toward automated compliance. Today, PCM QW will dramatically improve a company’s day-to-day management of products, vendors, documentation, landed costs, and more. Tomorrow, as global business prospers, PCM QW offers a clear path to a full-blown GTM system without fear of initial software investment obsolescence.”
QuestaWeb clients include many Fortune 500 importers and exporters. These firms report increased speed to market (or to production floor), real-time global visibility and compliance, automated reconciliation of purchase orders to commercial invoices, fewer fines, better audit results, lower logistic provider rates, reduced landed costs, and greater efficiency using QuestaWeb’s GTM systems.
Slossberg concludes, “Many companies produce the same product in multiple countries using different vendors. The challenge of managing all these products and vendors with spreadsheets is staggering. GTM provides firms a distinct marketplace advantage, and QuestaWeb’s PCM QW can be the first step in giving your organization that edge.”
About QuestaWeb
QuestaWeb is a premier provider of integrated, Web-based global trade management software solutions. The firm’s business model unifies import, export, logistics, compliance and financial processes including U.S. Customs clearance, landed costs, Harmonized Tariff Schedule classifications, export licensing, denied party screening, product catalog, tracking, event management, and international document repository. The centralized global database maintains up-to-date compliance content and supports multiple languages, currencies and time zones. QuestaWeb was one of the first companies certified by U.S. Customs for electronic connectivity initiatives. The company’s flagship product, TradeMasterQW Global Trade Management System, proactively manages export and import processes for importers, exporters, forwarders and brokers. It accelerates the flow of goods across the global supply chain, reduces inventory and operational costs and ensures compliance with ever-changing cross-border regulations.
For more information, please call (908) 233-2300
or visit QuestaWeb, Inc.
Press contact: Jeanne Zepp at (240) 686-1000 jzepp@dprgroup.com
or visit DPR Group, Inc.
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