Free Trade Agreement Management

OCS Trade Compliance Origin/Preferences

Improve your competitive position by using the right tools to leverage the full potential of duty savings offered by free trade agreements (FTAs) globally

Free Trade Agreement Management

Why traders need advanced free trade agreement management software

More than 500 notified free trade agreements (FTAs) around the world offer great opportunities for businesses to import and export goods without the costs of tariffs, quota management or other red tape. However, this does not mean that processes for shipping goods within these agreements will be straightforward.

For example, when dealing with imports, there are still a range of factors to be considered, even when taking advantage of FTA arrangements. Issues such as calculation of the origin of goods and solicitation of supplier declarations can still pose problems for businesses. To address these issues, it pays off to have effective FTA software in place to manage the process from end to end.

This is where MIC's Origin Calculation System (MIC OCS) supports you! This advanced free trade agreement management software provides the necessary tools for optimized FTA management along the entire process for a multitude of FTAs worldwide. Starting with automated solicitation of supplier declarations using an innovative supplier web portal, followed by an optimized calculation of the origin of goods based on multi-level bills of materials, resulting in the creation of the appropriate certificate of origin documentation, all on an ongoing basis.

Benefits

Save Time with Efficient Supplier Declaration Management

Efficient supplier declaration solicitation management and automated issuance of supplier declarations for customers reduce administrative workload, allowing faster handling and less manual intervention

Cut Costs with Optimized Origin Calculations

Optimized origin calculation leverages global FTAs to minimize costs, ensuring accurate application of trade rules and reducing errors

Increase Compliance with Automated Data Collection

Automating data collection and complete archiving ensures full compliance with trade regulations, reducing manual processes, audit risks and potential fines

Highlighted Product Features

Long-term and purchase order-based supplier declarations

Efficiently manage origin compliance by collecting suppliers' preference statements through Long Term Supplier Declarations (LTSDs) and purchase order-based declarations, ensuring accurate traceability across all trade transactions. This approach meets EU and US regulatory standards, reducing risks of incorrect or incomplete origin data.

Multitude of FTAs in productive use for origin calculation

Our software supports precise origin calculations under more than 250 active FTAs (USMCA+LVC, EU, Asia-Pacific region, South America, etc.). This extensive coverage enables your organization to optimize duty savings globally while ensuring compliance with varying regional trade rules.

Top-down, bottom-up and accumulation (advantage calculation)

Advanced calculation options like top-down, bottom-up and accumulation, allow for strategic origin determination across multi-level bills of materials. These methods ensure that your goods qualify for preferential treatment under FTAs, while reducing the risk of non-originating components affecting the final origin status of the product.

Supplier information, part data and prices directly from ERP systems (e.g. SAP S/4HANA)

Integrate supplier data, part information and pricing directly from ERP systems such as SAP S/4HANA, automating key processes and maintaining data integrity. This integration enhances accuracy in preferential origin determination, minimizes manual data entry errors and automates the solicitation process as far as possible.

Integration with other MIC modules for full process functionality

Fully integrated with MIC’s global trade and customs modules, the system ensures preferential duty application, tariff classification accuracy and regulatory compliance across the supply chain, while supporting cross-plant origin calculations and inter-company trade flows.

Data and predictive analytics to identify cost saving opportunities

Utilize advanced data analytics and FTA simulations to identify cost-saving opportunities and optimize sourcing decisions. Predictive insights on FTA usage and tariff shifts provide actionable intelligence to enhance global trade efficiency and maintain competitive advantage.

Free Trade Agreement Management
Case Study

How ZF benefits from the new EU-UK Trade and Cooperation Agreement from the start

  • News rules of origin requirements due to end of Brexit transition period
  • Fast implementation to leverage from the EU-UK trade agreement benefits
  • Overcome uncertainty of EU-UK trade agreement going effective
Person that gives IT support

Get in touch

Have questions about our company or products? Reach out to us, and our sales team will be happy to assist you. Or take advantage of the opportunity to explore how MIC solutions can elevate your business, with expert guidance from one of our specialists.