Global eTrade Services bags Technology Excellence Award for Connectivity - Technology
With the global pandemic aggravating challenges for enterprises as supply chains are disrupted and global trade remains volatile, navigating cross-border trade has become more complex.
As a leading global trade management platform company, Global eTrade Services (GeTS) is shaping the future of trade and supply chain with its innovative use of technology and deep B2B and G2B domain expertise. Its products and services are supported by its Total Trade solution portfolio which empowers both governments and businesses to improve trade connectivity at all levels, including G2G, G2B and B2B, sharpening their trade competitiveness as they manage trade compliance regimes and requirements holistically, through the CALISTA SaaS platform and Trade Facilitation Platform (TFP).
CALISTA is a business-centric global trade management platform that serves shippers and logistics stakeholders, enabling the orchestration of logistics, compliance and financial requirements of trade and supply chain, seamlessly, smartly, and securely.
The Trade Facilitation Platform (TFP) is a government-centric digital product, with a proven track record of over 30 years of trade facilitation. The platform synergizes processes amongst customs, government agencies and the trade community for maximum integration, interoperability, and efficiency.
Automating processes to ensure cross-border trade compliance
As manual data preparation and entry for filling declarations is a tedious and time-consuming process, GeTS automates the preparation and submission of trade data for import and export declarations. The CALISTA regulatory filing (CRF) service transforms trade data from source systems according to local requirements and submitting the data to the respective Customs nodes. The service also leverages on cutting-edge technologies such as Artificial Intelligence (AI) and Optical Character Recognition (OCR) to convert data to structured formats for re-use in downstream processes for filing to the respective Customs nodes.
With CRF, GeTS provides an integrated submission of regulatory filing with customs authorities in various geographical locations. It helps organisations in the industry with customs clearance via data reuse, automation, and the streamlining of regulatory filing submission processes. CRF is designed to encapsulate diverse requirements for customers covering the different customs nodes' requirements.
GeTS also provides real-time dashboards, alerts, status and integration to drive better collaboration, increase visibility amongst stakeholders and reduce compliance complexities.
This in turn has improved the level of regulatory compliance, increase in productivity, fewer errors, delays, and fines, and overall, a faster customs clearance experience. The CRF service is used by various customer segments for regulatory filing to customs authorities, which includes logistics service providers, freight forwarders, shippers, and software companies.
For its efforts to automate processes to ensure cross-border trade compliance, GeTS has snagged the Connectivity - Technology award at the recently concluded Technology Excellence Awards, presented by Singapore Business Review. In its fourth year, the awards event lauds companies in Singapore that have pioneered groundbreaking IT products, solutions or initiatives that are leading the technological revolution and digital journeys of their respective industries.
The service is used by various customer segments for regulatory filing to customs authorities, which includes logistics service providers, freight forwarders, shippers, and software companies. The firm witnessed a more than 80% increase in transactions in 2021 compared to 2020, covering a variety of customs nodes globally.
Watch the interview below to know more about their winning project: