Page 44: of Maritime Logistics Professional Magazine (Jan/Feb 2017)

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GLOBAL TRADE COMPLIANCE the Sky is the Limit

A new, cloud-based solution leverages global trade compliance to streamline trade and logistics. The global supply chain might never be the same – and that’s a good thing.

By Joseph Keefe lobal Trade Management (GTM) can be de? ned GT Nexus bills itself as the world’s largest cloud-based as the practice of streamlining the entire lifecycle B2B network, with a platform that delivers supply chain man- of global trade across order, logistics, and settle- agement and global commerce solutions that include Supply

G ment activities to improve operating ef? ciencies Chain Planning, Supply Chain Collaboration, Transportation and cash ? ow. Separately, IT research ? rm Gartner de? nes Management, Procure to Pay Automation, Supply Chain Fi- foreign/global trade compliance (GTC) as “a category of nance and Supply Chain Visibility, just to name a few. In busi- software that addresses the rules and regulations and trade- ness since 1998, GT Nexus is headquartered in NY with 1,000 speci? c costs of conducting cross-border trade.” Until now, employees worldwide, managing $500B in goods, with more perhaps, those two concepts were considered separate tasks, than 28,000 businesses and 100,000 worldwide users.

undertaken in different ways, by different providers and for different reasons. That’s about to change. Stronger, Smarter Together

At a time when the global trade markets have been roiled by Operating on the premise that the supply chain is a network, myriad variables, two veteran solution providers have come the two ? rms agree that business networks must be ? exible. together to offer a cloud-based global trade management For its part, says Kevin Shoemaker, Integration Point’s vice system like no other. Charlotte-based Integration Point and President of Global Solutions, “Integration Point’s trade com-

NY-based GT Nexus, having been aligned in an informal part- pliance platform was designed in the cloud for companies who nership for several years, are now developing an integrated need to keep up with expanding global markets and an ever- offering that they say will be the most comprehensive global changing regulatory environment.” Beyond this, he adds, “We trade management solution in the industry. provide the tools shippers need to compliantly move goods

By itself, Integration Point has been in the business of pro- to the end customer, no matter the location. By utilizing our viding cloud based global trade management (GTM) solutions platform, importers and exporters alike can access trade regu- since 2002. One of the earliest providers to offer global trade lations for over 190 countries; analyze their global trade for compliance solutions delivered over the internet, its roots are risk and savings opportunities; manage imports, exports, and ? rmly planted in the US Foreign-Trade Zone (FTZ) space. A direct ? ling requirements; and fully leverage duty suspension team of more than 600 subject matter experts serve more than programs across the globe on one integrated platform.” 600 customers doing business in 100 countries. GT Nexus regards its strength as the ability to provide agility 44 Maritime Logistics Professional January/February 2017 | |