About Precision software
Precision Software: Streamlining Global Trade and Transportation
In today's globalized world, businesses of all sizes are increasingly relying on cross-border trade and transportation to reach new markets and customers. However, this also means dealing with a complex web of regulations, customs procedures, tariffs, and logistics challenges that can slow down operations and increase costs. That's where Precision Software comes in - a leading provider of software solutions that help shippers streamline their international supply chains.
Founded in 1984 as QAD Precision, the company has over three decades of experience in developing innovative software tools for global trade management (GTM) and transportation management systems (TMS). With offices in North America, Europe, Asia-Pacific, Latin America, and the Middle East/Africa regions - as well as a network of partners worldwide - Precision Software serves customers across multiple industries such as manufacturing, retail/e-commerce, healthcare/pharmaceuticals, automotive/aerospace/defense (AAD), energy/utilities/mining (EUM), food/beverage/agriculture (FBA), and more.
One key advantage of Precision Software is its ability to automate many aspects of cross-border trade compliance. This includes tasks such as screening for denied parties/sanctions lists; classifying products according to Harmonized System (HS) codes; calculating duties/taxes/fees based on origin/destination/currency/exemptions; generating export/import documentation such as invoices/packing lists/bills of lading/customs declarations; tracking shipments in real-time via GPS/GSM sensors or carrier integrations; managing exceptions/alerts/notifications related to delays/damage/theft/regulations/etc.; analyzing data for insights into performance/costs/risk factors/opportunities.
Another strength is the flexibility offered by Precision Software's modular architecture. Customers can choose from a range of GTM/TMS modules that fit their specific needs and budget. For example:
- Global Trade Compliance: This module provides end-to-end visibility into regulatory requirements across multiple countries/jurisdictions. It helps shippers ensure they are following all applicable laws related to export controls/licensing/documentation/security/compliance audits/etc.
- Customs Management: This module automates the process of submitting electronic declarations to customs authorities around the world. It supports various formats such as Automated Commercial Environment (ACE) in the US or Single Window Initiative (SWI) in Canada.
- Transportation Execution: This module optimizes carrier selection/routing/mode choice based on cost/service level/transit time/frequency/reliability criteria. It integrates with major carriers like FedEx/DHL/UPS/TNT/YRC/Freightquote/XPO/LTL providers etc.
- Parcel Shipping: This module simplifies parcel shipping for e-commerce retailers who need to handle high volumes with low margins while meeting customer expectations for speed/tracking/options.
- Freight Forwarding: This module enables freight forwarders/NVOCCs/brokers/freight agents/etc.to manage bookings/carrier contracts/invoicing/profitability analysis etc.in one platform.
Overall,Precision Software offers an end-to-end solution that covers every aspectof global tradeand transportation management.It helps companies save time,reducethe complexity,and mitigate risk by automatingcross-bordertradeandtransportation.PrecisionSoftwarehasprovenexpertiseinhelpingbusinessesofall sizesacrossmultipleindustriesstreamline theirinternational supplychainswithinnovative softwaretools.Thecompany'smodulararchitectureallowsforflexibilityinchoosingtheGTMTMSmodulesthatbestfitthecustomer'sneedsandbudget.Withofficesaroundtheworldandastrongnetworkofpartners,PrecisionSoftwareiswell-positionedtocontinuetodelivervalue-addedservicesforitscustomersintheever-changingglobalmarketplace
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