The export-import business is one that brings in millions of dollars' worth of revenue for the country every year. Still, it is one of the most bottle-necked businesses in the world. This is due to the stringent rules and policies that are in place to ensure fair trade practices on all sides. However, this is a hassle for business owners who have to spend a lot of time, money, manpower, and other resources to get documentation ready on time. There are also high rates of error due to the heavy load of documents being processed daily. The slow turnaround time for the processing of these documents also affects the speed of shipments, which in turn can affect businesses on both sides of the import-export transaction.Some of the documents that are crucial in any such transaction are the certificate of origin, export declaration number, pre-receival advice, request for permit, etc. All these documents have to be keyed at many different points in the chain of documentation. They have to be faxed to and fro. There is a large load of documents making their way every day which have to be processed manually, which in turn leads to greater possibilities of error and greater delays. If these processes and documentation procedures could be simplified and streamlined in a way that they are sent with minimum waste of time and resources, the entire supply chain cycle could be made faster, which in turn will be beneficial for trade on either side of the export-import cycle.A cloud-based software solution is the answer to this conundrum. This cloud based solution can help exporters by having the entire set of documents that are required for a typical shipment all ready to be printed out from the cloud. So no matter where the exporter might be in the world, the documents can be instantly and easily accessed wherever there is an internet connection. Electronic versions of the certificate of origin, export declaration number, pre-receival advice, request for permit, can also be easily obtained through this cloud-based service so that there is minimum time, effort, and money involved in the entire transaction. Even stamped certificates from the relevant Chambers of Commerce can be easily obtained from the cloud. In short, everything that an exporter or importer needs to make his shipment go smoother and faster is available through these cloud based services, making it an indispensable aide for businesses the world over.
Source : articlesbase.com
0 comments:
Post a Comment