WiseTech Global launches border compliance engine

Sydney-based logistics software provider WiseTech Global has announced the launch of border compliance engine BorderWise, for customs brokers, legal and other trade professionals.
BorderWise brings together a range of border compliance data, law and regulation, with an advanced search functionality to help users minimise customs duty and mitigate the risks associated with customs non-compliance for themselves and their import and export customers in the countries involved.
“Growing complexity in world trade continues to put pressure on the supply chain, and efficient border compliance is critical,” said Richard White, CEO, WiseTech Global. “We are creating the data sets and building powerful new technologies to address productivity, costs and risk mitigation in customs compliance.”
“With increasing challenges in addressing border regulation, ensuring compliance is fraught with risk,” said Sue Danks, Director of Sue Danks Tariff Consulting and Vice Chair of CBFCA, who has assisted in the development of BorderWise. “Requirements keep changing as new legislation and policy changes keep rolling out, while data can be convoluted, difficult to interpret and hard to access efficiently. On top of that, not all customs authorities agree on the interpretation or classification of certain goods, and those opinions change, often with little or no notice to industry.
“Most countries have numerous, sometime hundreds, of items of customs legislation or policy documentation, and therefore managing customs compliance is a growing and evolving challenge for customs brokers and self-reporting importers, especially in an environment where serious penalties are issued for non-compliance or duty short-payments.
“In my opinion, Australian customs brokers are highly trained and skilled, but in a time of increased regulatory inspections and a penalty regime we all need all the assistance we can to provide advice that is timely and accurate.”
For now, BorderWise launched in Australia for Australian customs on 1 December 2017, and is expected to be released in the United States, Canada, Mexico, the EU, New Zealand, Singapore, South Africa and the United Kingdom by the end of 2017.
During 2018, BorderWise will be offered in Brazil, China, Germany, Italy and Taiwan.