ONESOURCE Free Trade Agreement Management logo

ONESOURCE Free Trade Agreement Management

by Thomson Reuters
No reviews yet
ActiveAvailable globallyCloud
Quick facts
VendorThomson Reuters
Year launchedN/A
StatusActive
LocationToronto, Ontario, Canada
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About ONESOURCE Free Trade Agreement Management

A software solution for global trade management that helps businesses identify opportunities to qualify goods under Free Trade Agreements (FTAs). It aims to reduce duties and simplify the qualification process with less manual effort.

ONESOURCE Free Trade Agreement Management is a component of Thomson Reuters' ONESOURCE Global Trade suite. This software is designed for corporate tax and trade professionals to navigate the complexities of international trade. Its primary function is to identify opportunities for goods to qualify under various Free Trade Agreements (FTAs), thereby reducing duties and simplifying compliance. The system automates the qualification process, minimizing manual effort and potential errors. It is a cloud-based solution, supported by Thomson Reuters' extensive global trade content. While the website does not provide specific pricing details, it emphasizes reducing costs through duty savings. The platform is aimed at corporations managing cross-border trade and seeking to optimize their supply chain and ensure compliance with international regulations.

Pros & Cons

Pros
  • Helps reduce duties by identifying and qualifying goods for Free Trade Agreements.
  • Simplifies and automates the complex FTA qualification process.
  • Integrates with a broader suite of global trade management tools from ONESOURCE.
  • Powered by Thomson Reuters' extensive and updated global trade content.
  • Includes automated denied-party screening to minimize sanctions risk.
Cons
  • Pricing is not publicly available and requires contacting sales.
  • The software is part of a larger, potentially complex enterprise suite which may be more than a small business needs.
  • No free trial or free tier is mentioned on the website.

Features

Key features

FTA Qualification

Identifies opportunities to qualify goods under specific Free Trade Agreement rules of origin.

Duty Reduction

Helps businesses reduce duties by leveraging applicable trade agreements.

Simplified Compliance

Simplifies the process of free-trade-agreement qualifications with reduced manual effort.

Global Trade Content

Powered by trusted content with rapid updates and broad coverage for global trade compliance.

Export Management

Manages export compliance, screening, clearance, and documentation within a single workflow.

Additional features

Denied Party Screening

Automates screening against over 750 global lists to minimize sanctions risk.

AI-Powered Classification

Uses AI for Harmonized System (HS) code classification for import and export.

Risk Identification

Assesses and identifies risks with customizable software that delivers calculated scores and adverse flags.

Fraud Detection

Employs machine-learning technology to detect complex fraud schemes, providing risk scoring and insights.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
3
Billing currencies

Interface languages

English

Billing currencies

🇬🇧GBP🇺🇸USD🇪🇺EUR

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