Technology has changed every aspect of the way we live and do business. Staying ahead of the game, or just staying in business, means adapting and evolving infrastructures, streamlining systems, and speeding up processes. It means shifting towards digital solutions. Why? To save time, effort, and money, and this is just as crucial to importers!
Why use e-customs clearance?
The internet gives a business the autonomy to do almost everything with the click of a mouse – conduct financial transactions, organize dense databases, book flights, build websites, track shipments, manage logistics, automate administrative tasks, and the list goes on. If online solutions mean import companies don’t need to pay accountants to file their taxes, do they still need to pay small fortunes to a customs broker for ISF and Entry Summary (CBP Form 7501) filing or to meet other customs clearance and export regulations?
The answer is not necessarily.
Commerce has long been shifting online. All across the customs supply chain, agents, carriers, traders, freight forwarders, and border agencies are embracing innovative digital technologies. The tough global trade jungle demands that companies adopt a smart strategy that integrates electronic customs clearance in their value chain. The only requirement to maximize on these systems is an investment in IT.
Insourcing customs clearance by choosing a simple and easy-to-use online solution, such as eezyimport, saves time and money, ultimately impacting bottom-line results. It also enables companies to have better control over the flow of their goods, monitor them more closely, improve auditability and traceability and, thereby, strengthen transparency and compliance. After all, the importer is held accountable for products declared, not the middleman!
US importers and e-customs
The US is the world’s second-largest importer, according to the CIA’s “The World Factbook. Country Comparison: Imports.” It imported $3.1 trillion in 2019, including $2.5 trillion in goods and $597 billion in services. Capital goods are the most significant import category ($678 billion), followed closely by consumer goods ($654 billion). While the trade deficit nearly sparked a full out trade war, imports continue to rise, competition is rife, and adhering to rules and regulations can be like navigating a minefield. Also, in the event of a trade war, small businesses heavily dependent on imported items are affected, and all cost- and time-saving measures become imperative to stay productive and efficient. Embracing e-customs makes sense in all scenarios – cutting costs, saving time, and simplifying complex processes.
Benefits of eezyimport
eezyimport offers an online customs clearance solution to help small businesses navigate the costly and challenging world of importing. For example, eezyimport enables small importers to independently file their ISF (10+2) or Entry Summary in minutes with full visibility and control from any phone, tablet, or desktop, anytime. Entry Summary documentation is required by law to enable U.S. Customs and Border Protection to assess duties, collect statistics, and determine that other legal requirements are met. The eezyflow™ system guides clients through the process and then a broker reviews the entry to ensure that it is in full alignment with the regulation and ready to file. Repeat shipments takes minutes, or even seconds.
The company’s mission is simple – to empower small importers with innovative solutions that remove their obstacles to growth, leave more cash in their pocket, and thereby accelerate their success!
What lies ahead?
About twenty years ago, just a few customs admins had adopted e-customs clearance procedures. Today, with breakthroughs in technology and post-9/11 safety requirements, not using e-clearance to handle cross-border procedures and formalities in inconceivable.
When Maersk became the first container shipping company to offer digital ocean customs clearance in 2019, its COO Vincent Clerc summed up the benefits quite succinctly:
“It saves our customers time, money and headaches, reducing the number of intermediaries they deal with from three or four to just one as well as paperwork which subsequently reduces the time spent on transactional procedures. Time saved they can then devote to grow their businesses.”
We’re in a paperless digital age, and a modernized trade sector will not only make import activities more efficient but will soon become the norm.
Simplify your life with eezyimport!
We’d love to discuss how we can help your business, simplify your life, and make sure you aren’t left behind/you are at the forefront of you sector! Please contact eezyimport at: firstname.lastname@example.org or chat with us online!