SINGAPORE, July 8, 2020 /PRNewswire/ — Global eTrade Services (GeTS), a global trade platform company, signed a white-label agreement with BINAL Asia Pacific (SG) Pte. Ltd. (BINAL), a software company that specialises in ERP solutions, to allow BINAL to offer trade compliance information through its Trading Office Supporting System – Automated Invoice (TOSS-AI).
The AI-driven CALISTA™ Intelligent Agent (IA) provides users with information on import and export formalities and to search Harmonised System (HS) codes based on product description through natural language processing capability.
BINAL will be able to expand the breadth of its export documentation and invoicing solution, allowing their customers to search relevant trade compliance information. Based on the selected HS code, users will be able to view the relevant duties and taxes, Free Trade Agreements which they can leverage on to enjoy preferential tariffs and the required trade documents and formalities. The HS codes, duties and taxes will be populated to the export documents automatically. This will eliminate the need to access to multiple systems and improve operational efficiency through automation. With the correct classification of goods, customers can eliminate delays in Customs clearance and stay compliant.
Aoyama Shinji, Managing Director of BINAL Asia Pacific said: “Although we have just established a local subsidiary in Singapore a year ago, we are very honoured to have signed a white label contract with GeTS. GeTS’ various solutions are perfectly suited to the needs of our users. By integrating with BINAL’s TOSS system, we are able to introduce more functionalities to our product. I believe that with this partnership we will be able to provide great products not just for Singapore and Japan, but also the ASEAN region and in the future, globally.”
Chong Kok Keong CEO of GeTS said: “We are delighted to have BINAL onboard CALISTA™ , leveraging on our platform to provide white-label trade advisory services to their customers. In view of the velocity of change in global trade, it is important to keep updated of the changing regulatory controls. We will continue to leverage the power of artificial intelligence to provide insights to the business community, making trade more accessible, predictable and easier to fulfil.”
Global eTrade Services (GeTS), a global leading trade platform company, is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of physical logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely, thus powering global trade by making it accessible, predictable and easier to fulfil. The company has linkages to more than 60 Customs nodes across the world, with more than 175,000 connected parties and conducting more than 24 million transactions annually.
BINAL Group HQ is located in Nagoya, Japan. Since its establishment in 1979, we have specialized in the development of trading systems and have introduced it to many major companies. TOSS (Trading Office Supporting System) is a product of BINAL and has been highly evaluated by shippers as a dedicated system for freight forwarder companies. With more than 7,000 companies utilizing TOSS BINAL boasts having the top share in Japan for trading system.
SOURCE Global eTrade Services