After much preparation and anticipation, it has been good to see the industry adopt our security filing solution as well as it has
Charlotte, NC (PRWEB) January 7, 2009
Integration Point ®, a provider of real time global trade management solutions, and CEVA Logistics, a leading global supply chain management company, have formed a partnership to provide CEVA Logistic customers with a comprehensive, on-demand workflow solution for Importer Security Filings (ISF), more commonly known as 10+2.
Using the Integration Point Advanced Trade Data Solution, CEVA Logistics provides its customers with the ability to not only capture all the data elements required for an ISF, but also to manage the workflow around validating and submitting that information to CBP. Whether self-filing through the CEVA web portal or using CEVA brokerage services, importers can be assured that their data has been validated against an up-to-date global classification database powered by the Integration Point Global Trade Management technology.
"We chose to partner with Integration Point because of the strength of their 10+2 solution," said Jeff McCauley, Vice President Import Services at CEVA Logistics. "Integration Point provides the ability to integrate commercially available data into validated ISF filings. This ensures that all data received by CEVA Logistics and used for a filing has been validated against a comprehensive, up-to-date global classification system."
With the Integration Point Solution, companies are able to do a "closed-loop" process for all their imports. For example, companies can start at the beginning of the import process by correctly classifying products using the Global Classification Solution, collect the required data from various sources and manage the workflow with the 10+2 Solution, and then integrate the ISF data to ensure accurate entry filing. According to McCauley, "CEVA's true "closed-loop" process we provide to our customers is an advantage for them. The Integration Point Solution provides modules that address the importing process from classification to post-entry validation."
The Integration Point 10+2 Solution includes:
- Capture of all data elements importer is responsible for on an ISF
- Connectivity to US Customs and Border Protection (CBP) for filing of the ISF
- Built-in workflow that follows the events of a shipment and provides notifications based on those triggers
- Integration of existing electronic data where available to reduce manual keying
- Data population with pre-approved data to ensure accuracy and consistency across all filings
- Easy identification of filings that need immediate attention
- Multi-lingual capabilities at the user level
"After much preparation and anticipation, it has been good to see the industry adopt our security filing solution as well as it has," said Tom Barnes, CEO of Integration Point, Inc. "We look forward to furthering our long-term relationship with CEVA as they leverage security filing along with other Integration Point Solutions to facilitate the delivery of comprehensive services to their customers."
About CEVA Logistics. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 56,000 people and runs an extensive global network with facilities in over 100 countries. Following the acquisition of EGL in August 2007, the new combined company had a pro forma sale of € 6.3 billion. For more information, please visit http://www.cevalogistics.com.
About Integration Point, Inc.
Integration Point ®, Inc. Real Time Global Trade Management helps many of the best known companies import and export goods more effectively by providing up-to-date international trade compliance. The Integration Point Solution is a comprehensive suite of fully integrated, web-based software products that provide consistent and secure access to information around the clock including: Advanced Trade Data (10+2), Import/Export Management, Global Classification, C-TPAT, AEO, Denied Trade Screening, Free Trade Agreement qualification and Duty Deferral Program participation. Companies dependent on efficient import/export of goods rely on Integration Point to help them quickly and accurately navigate through the often complex and dynamic requirements of global trade. Contact Integration Point at http://www.IntegrationPoint.com or 704-576-3678.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.