How iCustoms is leveraging AI to help you with Seamless Trade Operations
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Freya Jane
- Director of Customer's Success
The quick development of AI is drastically changing trade compliance, changing how businesses manage the complex world of international trade laws and regulations. Paper mounds, long clearance times, and laborious operations are things of the past. AI is bringing in a new era of unmatched efficiency and cost savings by revolutionising the way declarations are issued, guaranteeing compliance, and expediting trade activities.
AI Simplifies Manual Tasks with Ease
Customs declarations were laborious and prone to errors in the pre-AI period. The difficulties experienced by brokers, agents, traders, manufacturers, and companies included labour-intensive paperwork, manual classification, obstacles to compliance, and lengthy clearing times. AI has become a game-changer, and iCustoms is at the forefront of the shift with its AI-driven customs declaration platform.
Our cutting-edge technologies are :
iDP (Intelligent Declaration Platform) :
- Automated Data Entry: Say goodbye to manual form filling as iDP extracts data from invoices, reducing errors and saving time.
- Pre-Filled Forms: The platform eases the workload by pre-filling declaration forms based on extracted data.
- HS Code Suggestions: AI-driven suggestions for Harmonized System (HS) codes ensure accurate classification based on product descriptions.
iClassification:
Uses AI algorithms to analyse product descriptions and images to suggest the most accurate HS codes, boosting efficiency and compliance.
iCalculator:
Estimates duties and taxes based on declared goods and regulations, providing predictability and cost transparency.
iNCTS (Intelligent National Transit System):
Facilitates smooth movement of goods under customs control between countries, simplifying procedures and reducing clearance times.
iDM ( Intelligent Document Management Automation):
Helps automate tasks and streamline processes such as risk assessment and document verification, significantly speeding up clearance.
How can iCustoms benefit you?
- Enhanced Productivity: Faster declarations, quicker clearances, and streamlined operations boost productivity.
- Reduced Costs: Lower clearance times translate to reduced charges, saving businesses money and time.
- Improved Compliance: AI-powered risk assessment and automated verification minimise non-compliance risks and penalties.
- Greater Transparency: Real-time tracking and data visibility provide control and transparency.
- Empowered Decision-Making: Data-driven insights enable informed decisions about trade operations.
Want to transform your trade operations and propel your business forward?
Talk to our friendly team and Book your Free iCustoms Demo today!
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About iCustoms
iCustoms is an all-in-one solution helping businesses automate customs processes more efficiently. With AI-powered and machine-learning capabilities, iCustoms is designed to streamline your all customs procedures in a few minutes, cut additional costs and save time.