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Automation and Integration Offer Importers a Cost-Effective Way to Manage FTZ Operations
Westfield, N.J. -- August 31, 2009 -- QuestaWeb, Inc. (www.questaweb.com), a premier provider of Web-based integrated Global Trade Management (GTM) solutions, today announced
the release of an advanced, Web-native software module designed to automate Foreign Trade Zone (FTZ) operation and related manufacturing actions. Fully automated and integrated, QuestaWeb’s FTZ software module offers robust, rule-based functionality combined with rich content, reporting and integration tools, and multiple electronic links to government agencies.
The software assures precise control over U.S. Customs–supervised inventory, including compliant movements;
FTZ manufacturing; and overall adherence to Customs’ rules and regulations. Most important, QuestaWeb’s FTZ involves no transaction fees.
Developed to meet the specific needs of FTZ operators and tenants, QuestaWeb’s FTZ business model unifies import, export, logistics, compliance, FTZ manufacturing and financial processes including Customs clearance,
Harmonized Tariff Schedule classifications, export licensing, denied party screening, comprehensive product catalog, tracking, event management and international document repository. The software operates both as a stand-alone system and as part of the TradeMaster QW suite of integrated GTM applications.
In either scenario, it can be seamlessly connected to the importer’s ERP system, if desired, allowing shared data sources.
QuestaWeb’s FTZ incorporates information-sharing capabilities with QuestaWeb’s import, export, customhouse brokerage and freight-forwarding modules when used in conjunction with other
TradeMaster QW modules, reducing data redundancy.
Notably, the module delivers instant compliance verification and supports management "by exception" wherein processes proceed without human intervention unless a specific issue, such as missing data, occurs. Built-in flexibility allows the module’s functionality to grow as an importer’s needs change.
The QuestaWeb FTZ software module offers importers:
- Direct electronic filing of Customs Form CF-214
- Fully automated manufacturing and manipulation procedures
- Auto-generation of CF-216
- Direct electronic filing to Customs: FTZ entries, weekly estimates and in-bonds
- All-inclusive database of pre-classified parts/products, including bills of material
- Automated Export System (AES) to file export manifest information directly with Customs
- Multi-layered integration interfaces that unify multiple cross-format legacy platforms
- Extensive generation of documents and analytical reports
QuestaWeb COO Felix Pekar says, “The release of an automated, integrated FTZ module is a natural progression in the evolution of our GTM application suite. Knowing our client base, and the broader importer market, we knew some firms would prefer to file themselves and need ABI connectivity, while others would need electronic connectivity to their brokers for filing purposes. QuestaWeb’s FTZ module supports all requirements—and more—due to its high degree of automation and seamless integration. FTZ operators, regardless of business scope or model, can achieve total compliance, manage by exception and never have to pay transaction fees.”
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, foreign trade zone, 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, TradeMaster QW 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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