Strategic Opportunities that 10+2 Presents
Recent research shows that the average cost per Importer Security Filing is $30.* With large importers filing 5,000 ISFs or more per year, the cost of compliance totals to upwards of $150,000 and provides no ROI other than penalty avoidance.
In this short video, Ty Bordner, VP of Solutions Consulting at Management Dynamics discusses some of the strategic opportunities that ISF Compliance can presen
t to an organization, including:
- Reducing the effort of complying with Customs 10+2
- Minimizing errors upon entry by linking to ISFs
- Eliminating manually re-keying data
- Preventing potential penalties of $5,000 per ISF
- Reducing broker fees (on average, $30 per ISF)
- Managing the import process with complete visibility from origin, through customs, to the final destination
*Source: American Shipper ISF Benchmark Study
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