QAD Precision, an industry-leading provider of global trade compliance and transportation execution software, has announced the release of a USMCA Benchmark Tool that supports companies checking their readiness to comply with the rules of origin in the new United States – Mexico – Canada Agreement (USMCA). QAD Precision is a division of QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB).
“Goods that qualify for preferential duties under NAFTA may no longer be eligible once the USMCA comes into force. The opposite may also apply. There are significant changes related to preferential rules of origin, including changes to Regional Value Content, substantial transformation, and the de minimis threshold to name a few,” said QAD Precision President Corey Rhodes.
To check their preparations for USMCA rules of origin readiness using the tool, companies answer a series of four questions. Once the answers are submitted, participants receive an email explaining the issues identified. The tool is complimentary for any company that wishes to check their USMCA rules of origin readiness and is offered without obligation. The USMCA Benchmark Tool can be found here. Companies qualifying goods under the USMCA need to do so in compliance with the published legislation.
QAD Precision also provides Free Trade Agreement (FTA) software that enables companies to determine FTA origin in real-time and within fractions of a second. The solution complies with the requirements for all Free Trade Agreements recognized by the World Trade Organization. Companies who wish to verify their products under the USMCA will be able to do so with QAD Precision Free Trade Agreement once the agreement has been ratified by all three signatory countries.
About QAD Precision – Trusted Global Trade and Transportation Execution
QAD Precision, a division of QAD Inc., provides industry-leading global trade compliance, and multi carrier transportation execution solutions from a single, integrated platform. An ISO-certified company, QAD Precision assists companies to streamline their import, export and transportation operations, optimize deliveries, and increase logistics ROI. QAD Precision’s scalable and extensible solution easily integrates with existing ERP and WMS solutions. Industry leaders in every region of the world rely on QAD Precision’s global support centers to leverage thousands of carrier services and manage millions of global trade and shipping transactions every day. For more information about QAD Precision, visit www.qadprecision.com or email info@precisionsoftware.com.
About QAD
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Adaptive ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD’s portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.
To learn more, visit www.qad.com.
“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
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