How effective is your company’s customs compliance function?
In many companies, the customs function is decentralized and not connected to other core business processes such as purchasing, accounts payable, tax and finance. Consequently, companies may lack a full understanding of their current customs position and may fail to take full advantage of customs driven opportunities when engaging in business decisions.
Customs planning and compliance must be built into a company’s business processes in order to maintain effective and efficient customs operations, bring value to the business and meet the requirements under Sarbanes-Oxley.
Opportunity: Enable your customs function to add value to your business
Opportunities might include provision of assistance throughout customs’ focused assessment process, including but not limited to pre-audit planning and audit support and assistance with the ISA process. During the planning phase, the goal is to identify potential risk areas as well as highlight opportunities for savings and increased efficiencies while reducing the costs of compliance and managing compliance risks.
