Leading Canadian Importer Selects Descartes To Help Manage Customs Filings
NEW YORK, Jan. 11, 2011 (GLOBE NEWSWIRE) -- National Retail Federation (NRF) 100th Annual Convention & EXPO Convention -Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) announced that Canadian Tire Corporation, a leading Canadian Border Services Agency (CBSA) Customs Self Assessment (CSA) importer, has selected Descartes as their CSA service provider.
Canadian Tire and its leading brands are working with Descartes to help manage the organization's CSA and non-CSA imports. Descartes' software-as-a-service Canadian Customs Brokerage and Security solution, ITMR4, connects to the company's legacy and reporting systems as well as processes Canadian Tire's customs filing entries. Descartes' single-source solution provides Canadian Tire with a web-based portal to manage its customs filings and provide a comprehensive audit trail to improve the accuracy of import data.
The CSA program is a CBSA program for select importers that is designed for low-risk, pre-approved organizations. Importers can use business systems and processes, which must meet CBSA's detailed requirements, to forward trade data and to report and pay monthly taxes and duties to their own financial institutions. This self-assessment option can represent significant cost savings because importers don't have to pay at the time of each shipment. CSA is a prestigious program and, to qualify, CSA clients must have a detailed accurate data associated with their imports.Descartes' ITMR4 Canadian Brokerage and Security solution, together with the CSA program, simplifies many of the import border requirements so that shipments can be processed more quickly and efficiently at the border, saving businesses time and money. Part of the Descartes Global Trade Compliance suite, ITMR4 is a unique, on-demand, enterprise-level technology that handles the functions that a customs broker, freight forwarder or self-filing importer needs to manage its operations, including accounting, financial reports, imaging, e-billing and Web tools for tracking and tracing, reporting and data entry. The solution's compliance-driven logic considers country of export, country of import, country of origin, rules and regulations, all in relation to the type of commodity. Operations and accounting management controls are performed in the background so operators can focus on exceptions. It allows brokers' and freight forwarders' clients to view their shipment status, view related documents, run reports and supply missing information over the web.
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