Major benefits of TradeDoX 360 include:
- Accelerates advice of LCs and amendments and virtually eliminates discrepancies.
- Reduces Errors - Minimizes costly data entry errors and discrepancies that can delay payments. (Single data entry for consistency in documents)
- Accuracy – Save templates to reuse data on consignees, trading partners, product line items, Schedule B coding, etc. Collaborate electronically using secure AES Encryption- you can email the documents directly to your freight forwarders, customs brokers or customers so they can start the clearance process a lot faster.
- Easy-to-Use - Wizard based interface. Enter and edit complete, detailed information about individual shipments and LCs You can duplicate similar shipments and save them as templates to decrease data entry and store a master list of products and shipping entities to ensure quick and exact entry.
- Faster processing - Avoid the usual mail and courier pick-up delays: Send shipping documents to your partners and logistics service providers with a few simple mouse clicks.
- Allows the Importer to collaborate with the exporter in a structured way based on the exact Codes used by banks to open a LC.
- Generates the LC application from the Collaboration.
- Generate the SWIFT file that the bank can use to open the LC with the exact terms that the importer and exporter have agreed upon.
- Virtually eliminates the need for amendments and allows exporter to ship goods a lot faster.
- Minimize personnel and staff cost that was needed to check client’s documents for discrepancies and errors.
- Receive clear cut LC applications with all terms and conditions spelled out.
- Receive an electronic file that can be imported directly into the SWIFT application to generate the LC.
- Facilitate customers – generate goodwill.
Freight Forwarders Advantages:
In today’s ever-changing commercial world, conventional means of business communication are not only time consuming; but also hindering to an organization’s competitiveness. The electronic transmission of documents therefore is increasingly necessary for efficient cross-border trade.
TradeDoX allows Freight Forwarders to receive, send and share shipping documents electronically to speed up the shipment process.
- Simplified trade processes.
- Reduced paperwork
- Faster response time
- Cost and time savings
- Increased reliability of data
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