ComplianceOnline

Trade Compliance ROI: What Do I Get For My Compliance Dollar?

Instructor: Grant Smith
Product ID: 704575
  • Duration: 60 Min
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Read Frequently Asked Questions

This training program will cover return on investment (ROI) for trade compliance. It will cover the investment that must be made to realize a return. The program will help import and export professionals learn what the future will look like, while global trade professionals will be able to identify applicable risks and costs, and brokers and forwarders will benefit from new customer offerings.

Why Should You Attend:

  • Where should you invest?
  • What do you know about free trade agreements, duty draw back, first sale, and foreign (free) trade zones?
  • How can you measure investment and return?
  • Where can you find reports that break down your current costs and how do you use that intelligence to measure returns?
  • What are those costs and how do you identify them and assign a dollar value to them?
  • Do you automate, can you automate?

When selling trade compliance you need to know how to calculate risk, and you need to be able to assign a dollar value to that risk. Many C-level leaders see risk as a cost of doing business, at least until they see it in dollars. There are requirements and costs to use most cost savings programs.

Outsourcing does not relieve a business of responsibility, when all risks are identified it can alter the direction a business may take. If risk and return are identified and measured it becomes much easier to determine where investments should be made. This webinar will answer these questions and address these areas of concern.

Learning Objectives:

  • Understanding current risks to your business. Fines, penalties, loss of privilege.
  • Understand legal requirements to participate in available programs.
  • Determine software availability and requirements.
  • Identify other governmental agency requirements.
  • Learn what reports are available.
  • Learn how your broker can help.

Areas Covered in the Webinar:

  • Programs that are currently available
  • Learn the latest terminology and acronyms
  • Factors that affect global trade facilitation
  • Determine current risk level and how to quantify in dollars and cents
  • Learn how to assign costs to comply and qualify for duty reduction programs
  • Determine ROI for several of the most commonly requested programs (FTA, first sale, duty draw back, etc.)

Who Will Benefit:

  • Companies engaged in global trade
  • Finance professionals
  • Global tax professionals
  • Trade compliance professionals
  • Logistics managers
  • Company compliance officers
  • Import/export professionals
  • Global trade professionals
  • Brokers and forwarders
  • Professionals who are looking for time and cost savings

Instructor Profile:

Grant Smith is an international trade consultant with Grant Smith Consulting, LLC. Mr. Smith is a trade compliance professional with 30 years’ experience in global logistics and trade compliance, a licensed customs broker and certified customs specialist. He has worked for global corporations, implementing trade programs and providing training in multiple regions internationally. He continues to successfully work with multiple government agencies on behalf of employers and customers.

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