Solution
Foreign Trade
Track foreign trade transactions and product cost accurately with import and export cards, inward processing permit documents and landed-cost distribution slips. The module works integrated with the finance, accounting and warehouse modules.
Challenges you face
Problems in day-to-day work
This module is built to fix the problems below.
- Control becomes difficult because you track import and export processes separately, in a scattered way.
- Profitability becomes uncertain because you cannot reflect costs such as customs, freight and insurance correctly into product cost.
- Tracking inward processing and permit documents increases the risk of legal disruptions.
- Posting import/export invoices to finance and accounting is done by hand.
- Strategic decisions become harder because you cannot analyze foreign trade performance.
Capabilities
What can you do with Foreign Trade?
The module's core features.
Import cards
Create detailed cards for each import transaction, holding the product definition, supplier information, and customs and freight costs; track the process from start to finish.
Export cards
Track the status of each transaction in real time with export cards holding all details, from customer order to shipping documents and freight information.
Inward processing permit documents
Avoid disruptions in legal processes by managing all required inward processing and permit documents.
Landed-cost distribution slips
Reflect customs duty, freight, insurance and other costs automatically into the cost of imported products; see the true cost of products clearly.
Invoice and payment integration
Import invoices come from procurement and export invoices from sales; payment and collection processes are posted automatically to finance and accounting.
Reporting
Analyze the performance of your foreign trade operations with reports and plan the next period from that data.
Outcomes
What it delivers for your business
What you see in daily operations once it is set up properly.
- Import and export transactions are tracked in one system, from customs to freight.
- Landed-cost distribution shows the true cost of a product, and prices are set on that basis.
- Integration with finance, accounting and warehouse reduces manual work.
- Permit documents are tracked in the system, which lowers the risk of disruption in legal processes.
FAQ
Frequently asked questions
Yes. The module lets you manage import and export processes in detail with separate cards; you can track the status of each transaction in real time.
Customs duties, freight, insurance and other costs are posted to the system with Landed-Cost Distribution Slips and reflected automatically into the cost of imported products.
It works fully integrated with the finance, accounting and warehouse modules; import invoices come from procurement and export invoices from sales, so payment and collection processes are posted automatically.
You can manage all required inward processing and permit documents, so you avoid disruptions in legal processes.
Let's configure Foreign Trade around your business
Get in touch for a demo tailored to your team's needs.