Too many companies are paying too much in import duty. TradeSphere Free Trade Manager is the best defense. A continually updated SaaS service for manufacturers, it automates the complexity of making sourcing decisions based on duty savings.
Using your Bill of Materials (BoM) for any product, Livingston matches customs classifications and values. The BoM is then linked to Rules of Origin that determine duties based on the origins of all parts and the tariffs in all relevant trade agreements. Once the data is input, the process is automated.
There are more than 200 trade agreements worldwide that affect global traders. Renegotiations and addendums continually change the rules. With TradeSphere Free Trade, you can source components and materials based on up-to-the-minute data and a built-in rule generator that factors all the moving pieces.
Our TradeSphere solution is backed by more than 200 experts on the Livingston Trade Compliance Team who continually review all global trade deals. Our team embeds that evolving intelligence into the system daily. Valuable interpretation and advice are applied to your data sets to model the best duty avoidance scenarios.
As a standalone SaaS solution devoted to a single important function, TradeSphere Free Trade Manager is simple to set up, use, and modify as your enterprise grows. Best of all, it requires no IT involvement or expensive integrations with enterprise or materials management systems.
Performance against duty savings goals and comparative analysis of sourcing options are easily quantified in pre-set reports. Find out any time how your Bill of Materials stacks up against all relevant trade agreements. The system also issues alerts and reminders for deadlines, required documents, and other operational essentials.
TradeSphere Free Trade Manager stores a complete record of all analyzed Bills of Material. Customs audits are often mainly about showing due diligence. You’ll always have accessible proof of how you arrived at classification decisions.