Industry leader offers tool to estimate potential free trade agreement savings
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision, an industry-leading provider of global trade management and transportation execution software, has announced the release of a Free Trade Agreement (FTA) calculator that allows companies to estimate potential savings by leveraging FTAs. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB).
The FTA calculator currently covers goods manufactured in 126 countries and imported into Canada, Mexico, the U.S. and all European Union member countries. QAD Precision will be adding more destination countries soon.
“The vast majority of companies do not leverage all the FTAs available to them, despite the obvious competitive advantage of having preferential status,” said QAD Precision President Corey Rhodes. “Done manually, FTA compliance is complicated and time-consuming. Our FTA calculator gives companies an easy way to see what duty savings are potentially available, and whether or not they should consider implementing free trade agreement software.”
QAD Precision has identified, for the selected import country, the trading countries that provide duty-free access for goods that qualify under FTA preferential treatment. The FTA calculator uses commodity codes, along with price and quantity, to determine potential savings related to the individual import duties usually paid. Companies that want to determine potential FTA savings will need to know the commodity codes of the goods they want to check. The FTA calculator can be found here and is offered without obligation.
QAD Precision also provides Free Trade Agreement (FTA) software. The solution enables companies to determine FTA origin in real-time. QAD Precision FTA complies with the preferential rules regarding FTA origin determination as it relates to all free trade agreements recognized by the World Trade Organization.
About QAD Precision – Trusted Global Trade and Transportation Execution
QAD Precision, a division of QAD Inc., provides industry-leading global trade compliance, and multi-carrier transportation execution solutions from a single, integrated platform. An ISO-certified company, QAD Precision assists companies to streamline their import, export and transportation operations, optimize deliveries and increase logistics ROI. QAD Precision’s scalable and extensible solution easily integrates with existing ERP and WMS solutions. Industry leaders in every region of the world rely on QAD Precision’s global support centers to leverage thousands of carrier services and manage millions of global trade and shipping transactions every day. For more information about QAD Precision, visit www.qadprecision.com.
About QAD – Enabling the Adaptive Manufacturing Enterprise
QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, packaging, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.
Founded in 1979 and headquartered in Santa Barbara, California, QAD has 29 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.
"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
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