QuestaWeb, Inc., a provider of Web-based integrated global trade management solutions, announced the release of a new, Web-based module designed to help companies comply with the Importer Security Filing (ISF) regulation, better known as 10+2. QuestaWeb’s 10+2 (ISF) module facilitates information gathering and data submission and supports use in either a manual or an automated mode, at the client’s choice. Extensive built-in communication capabilities maintain bidirectional information flow, assuring current information as worldwide trade conditions change. Advanced functionality allows firms to build ISFs automatically from purchase orders and commercial invoices and, by design, the module electronically ties the final entry information back to the ISF filing for efficient recall when needed. Notably, QuestaWeb’s 10+2 (ISF) module eliminates transaction fees for both filing and amending ISFs.
QuestaWeb Vice President Wayne Slossberg says, ‘Many importers are now weighing the options for how best to comply with 10+2 when it takes effect January 26th. Most surveys indicate companies plan to have their customs broker file on their behalf. This approach will create additional costs, which may be significant for companies with moderate to high entry volumes. Beyond cost, the biggest challenge for importers will be the quality of the information’what to get, how to get it, how to manage it and how to communicate it. QuestaWeb’s 10+2 module gives importers the technology to manage and communicate the required information efficiently.’
‘Slossberg continues, ‘QuestaWeb’s 10+2 (ISF) module deploys behind a firm’s firewall and operates in a Web environment. Its acquisition cost is modest, and return on investment accrues from transaction fee elimination, among other savings. With QuestaWeb technology, importers can gain control over 10+2 requirements and later build on this technology foundation for other global trade needs without fear of initial software investment obsolescence.’
‘The QuestaWeb 10+2 (ISF) module offers complete control over processes, transmissions and data quality. Firms possess the option to allow vendors to input data and transmit to US Customs/brokers directly, review and edit vendor data and transmit information to US Customs/brokers themselves, manual or automated processes use built-in standardized file formats, use their own formats and has transaction fees.