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EAST RUTHERFORD,
NJ, November 18, 2009 --
Management Dynamics, a leading
provider of Global Trade
Management solutions, today
announced the release of
Trade
Wizards 10.0, a Web-based portal
to trade content from 122
countries that facilitates the
research of complex trade
questions. The new release makes
it easier for companies to
classify products, calculate
landed costs and perform
document determination at the
Harmonized Schedule (HS) level.
In addition, a new user
experience allows users to
manage their searches and
ultimately find information
faster.
“Trade Wizards is an invaluable
tool for our global trade team
and we use it daily to quickly
and accurately classify our
products, determine applicable
import or export controls, or to
answer a question from the
business on total landed cost,”
said Glenda Welch, Director of
Corporate Logistics and
Transportation, Belkin
International. “The latest
version of Trade Wizards is much
easier to use, allowing us to
conduct our research more
efficiently and to fully tap
into Management Dynamics’ trade
content library including the
new HS-based document
templates.”
Management Dynamics’
Trade
Wizards 10.0 enables the user to
make quick, interactive queries
using a standard Web browser to
calculate landed cost, screen
for restricted trade parties,
search for HS and Export Control
Number (ECN) classifications,
identify applicable regulatory
controls, and determine trade
documents. Management Dynamics
maintains the trade content
needed to answers these
questions for 122 countries or
approximately 99 percent of the
world market. What used to
require many hours to manually
research trade rules and
regulations can be achieved in
minutes using Trade Wizards
10.0.
New key features available on
Trade Wizards 10.0 include:
- New Classification Workflow -
Perform complex searches that include the tariff number and either a legal or common term to quickly find relevant classifications. Also, searches may be defined with complete Boolean logic and search results are displayed in a tree format to simplify the navigation to a classification.
Landed Cost Calculator Scenarios -
Build landed cost scenarios with multiple origin countries to quickly identify the minimum landed costs with respect to product invoice, duty, VAT, excise, other governmental charges, transportation and insurance.
- Restricted Party Screening -
Screen with an improved screening engine and access to Management Dynamics’ coverage of 94 restricted party lists offering the highest level of compliance with the lowest rate of false positives.
- Document Determination -
Determine the documents required for exporting and importing based on country of export, country of import, and HS number. Results returned include hundreds of documents required for exports, imports, preferential agreements and product specific documents based on the HS number provided.
Trade Wizards 10.0
functionality is available in a
highly intuitive user experience
with online help that can be
used immediately with no user
training.
"As businesses continue to
globalize at a fast pace, it is
important for supply chain teams
to have the resources they need
to keep up with the
ever-changing trade regulations
and supporting content," said
Nathan Pieri, SVP Marketing &
Product Management, Management
Dynamics, Inc. "The latest Trade
Wizards 10.0 release takes a big
step forward on usability and
ultimately makes it easier for
users to accurately answer their
toughest trade questions."
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