Kewill has launched version 3.0 of its Export Compliance System (ECS), designed to enable exporters to manage the regulations enforced by different countries.
ESC is provided as a Software as a Service. The latest enhancements include a License Management module, which allows companies to centrally manage export licenses by maintaining running balances of quantities and values against orders and shipments, while alerting a compliance team when licenses are approaching expiration or depletion.
Export and Import License Determination has also been enhanced to tackle the issue of increased protectionism. Expanded country content streamlines export and import license determination and examples of the new country content include Brazil, Singapore, Poland, and South Africa.
The Kewill content team translates regulations into rules within the system, so that if an export license is required, the user is alerted to this without having to approach the relevant agency.
Chris Aldrich, product manager for Kewill, said, “Since 9/11, the number of lists, and the agencies that produce and manage these lists has grown dramatically. The number of parties involved in each transaction can be significant, and it is difficult for companies to ensure that they are complying with the stringent controls.
The value of ECS is that it minimises risk to businesses. Companies have an obligation to comply with regulations, and this is a way to ensure they do so. The system also delivers time benefits, as it’s running in the background, carrying out checks, negating the need for manual operations.”