The IT and Telecom markets continue to grow globally, fuelled by the growth in personal and enterprise computing and the proliferation of mobile communications devices.
In this competitive and highly concentrated industry, companies face intense price competition and growing demands by shareholders to fulfill expectations around earnings.
In turn, pressures drive strategies for faster time to market, supply chain optimization, and merger opportunities.
To support the supply chain velocity needed, companies are continually integrating and synchronizing their value chain. This ability to synchronize global flows, manage complex webs of outsourced relationships,
and the volatile environment of government regulations, maximizes profits in an environment of continually declining price points and risk of inventory obsolescence.
Regulatory compliance
For most companies, new levels of accountability from both regulatory requirements and stakeholder demands have elevated concerns that effective, robust and reliable compliance processes are in place and being utilized.
This is of particular importance to companies with goods subject to ITAR or EAR regulatory requirements.
The companies that can pull it off are the ones that are in command of every aspect of their business — from high-profile innovation to the fundamentals of operations.
Effective controls don't just help a company reduce business risk; they also:
- Reduce regulatory risk
- Provide financial-reporting benefits
- Provide operational benefits
- Can lower borrowing and financing costs
- Can help attract new business partners and buyers
How we can Help
Visual Compliance provides robust, cost-effective automation solutions and regulatory content to manage all aspects of foreign trade and export control compliance.
With over 30 years of experience helping companies easily gain control and visibility over their compliance issues and processes, our solutions are relied on by more than 4,000 companies at home, and abroad to:
- Conduct Restricted and Excluded Party and Specially Designated Nationals screening
- Research current Federal Export Control Regulations and Sanctions
- Determine ECCN classifications and USML categories, and exemption, exception, exclusion or licensing requirements
- Manage licenses and licensed activities
- Automate compliant recording of researcher certifications and controlled/licensed activities
- Access documentation and audit trails for internal and government due diligence protection
- Manage preferential trade agreements and HTS classifications across locations and countries
- Generate, distribute, file and manage import and export documentation
For more information, call toll-free 1-877-328-7866 and talk to one of our foreign trade compliance consultants. They'll help you analyze your requirements, evaluate your options, and provide focused demonstrations.
Or send an email.
