This solution brief focuses on managing customs duties and cash flow through greater visibility and automation. Leaders must control not only spending but also the timing of payments, particularly duties and taxes. While deferring these payments can significantly improve cash flow, qualifying for deferrals requires providing European Union customs authorities with detailed, accurate visibility into goods moving in and out of bonded warehouses. Manually managing this level of detail is time-consuming, costly, and risky. Without automation, errors and inefficiencies can increase clearance costs and threaten trade privileges. By automating bonded warehouse and customs processes, organizations can achieve compliance, reduce risk, improve cash flow, and realize significant cost savings.

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