Navigate through existing, changing, or future FTAs
To avoid unexpected penalties, you need to keep abreast of the latest rules of origin for FTAs. With ONESOURCE FTA Management, you can deal with customs audits that threaten penalties or elimination of FTA benefits. This invaluable tool is used by some of the world’s largest multinational firms and helps you identify opportunities to qualify goods under FTA-specific rules of origin.
Our FTA software's unique architecture can accommodate any existing, changing, or future free trade agreements, including NAFTA, CFTA, SFTA, AFTA, ILFTA, JFTA, UKFTA, CAFTA, and TAFTA.
Companies Using ONESOURCE Experience These Benefits
Ensure correct and compliant information appears on bills of materials
Accurate application of FTAs allows companies to attain maximize profit
Apply the latest rules of origin for current and future FTAs
Systematic generation of supporting documents for easier verification
Manage the complete FTA lifecycle at an easy-to-understand, automated level
ind the best FTA utilization strategies in cases of overlapping agreements
Appropriate inventory management methods for automated calculation of the value of originating/non-originating materials
Easy production of custom reports for management regarding savings driven through FTAs
Manage suppliers and FTA certification and validate thresholds online
Automatic reminders to vendors of expiring or missing certification documents
Japanese multinational makes shift from manual to digital FTA management and saves millions
2019 saw the EU-Japan FTA implemented. This emerged as a huge opportunity for Japanese companies. But also presented a high-risk compliance process. How did we enable our client – a first time user of FTA software and with a highly complex ERP landscape make the shift? Why did ONESOURCE FTA Management emerge as a clear choice for a large manufacturer? Discover more in the case study.
Managing Trade Escalations and Tapping into APACs potential
Enabling an iconic American motorcycle brand to solve two critical business issues– tackling a growing trade war and tapping into a growing Asian consumer base, Thomson Reuters team implemented the Onesource FTA Management solution. This story is apt in today’s times when supply chains are massively disrupted with trade wars and pandemic like events.