myFTA – North American Free Trade Agreement (NAFTA) Qualification and Management Software

• accurate classification of products based on the Harmonized System (HS),
• gathering and assessing supplier information, and
• producing and managing valid NAFTA certificates of origin

NAFTA benefits

• Preferential tariff treatment. Certain products traded between the NAFTA countries receive completely eliminated to discounted tariffs. Exporters need to know whether their products qualify for this preferential tariff treatment. myFTA accurately classifies your inventory and ensur es your products receive those discounts whenever eligible.
• Product breakdown and supplier information. Each has to be broken down to its components and associated with its supplier to create correct designated country of origin. myFTA gathers supplier and product information and verifies the NAFTA preferences for each product.
• Produce and manage valid NAFTA certificates of origin. myFTA produces certificates of origin based on information captured at various points: suppliers, trade rules, product information, HS classification.

Why you need to use an automated trade management system

• Streamlined order management. Manual screening delays the acknowledgement of sales orders and determination of shipping dates to the customer. It results in increased order-to-cash time duration, and it affects the cash flow and revenue. Automated solutions eliminate all of these problems.
• Manually keeping track of the ever-changing trade rules is simply inefficient. Trade rules change constantly and having a customs broker to manually verify compliance information is time-consuming. myFTA automates the entire process flow to speed up classification and certification.
• Focus on the vital few. An automated system like myFTA clears the sales order for shipment or it marks on order for violations. You can focus on clearing the violations either by notifying the supplier or by asking for more information.
• Better customer service. When you use an automated trade management system, your clients enjoy efficient communication systems and faster turnaround times. Notify delays promptly. This makes them come to you for more.
• Avoid documentation and license requirement errors. Ten percent of international orders get delayed due to improper documentation and errors in license requirements. These errors are difficult to prevent with a manual screening process. These errors affect customer loyalty and impact future revenue. Both of which can be prevented using an automated trade management system.
• Calculating landed costs manually is risky. Manually tracking landed costs is error-prone and time-sensitive and organizations cannot be clear about their landed costs. The deal might result in losses if calculations are wrong. myFTA has all the resources to make accurate estimates of landed costs.
• Avoid penalties. Noncompliance with regulations and border delays result in fines and penalties to the exporter. myFTA, the up-to-date and automated solution for generating NAFTA certificates alerts exporters of possible penalties and fines well in advance so that the errors can be communicated and corrected.