Benefits of ONESOURCE Foreign Trade Zone (Operational Differentiators)
Robust Automation
ONESOURCE Foreign-Trade Zone Management (Petroleum) virtually eliminates manual data manipulation outside of the system and automates the creation of the Annual FTZ Board, Annual Reconciliation, Harbor Maintenance Fee (349/350), and Reconciling Entry (7501-09) reports.
Duty Optimization Features
Attribution is re-optimized after each shipment’s allocation to an inventory layer, thereby reducing the need for inventory locks or reservations. Reporting lost duty savings also helps the operator assess the best way to improve zone benefits.
Workflow Based
ONESOURCE Foreign-Trade Zone Management (Petroleum) is tailored to the client company’s business needs, eliminating the need to conform the company’s business processes to work with third party software.
Multiple Zone Management
ONESOURCE Foreign-Trade Zone Management (Petroleum) is fully web-based and handles multiple zones at once. Reporting, attribution, and other data processing occur simultaneously across subzones within a single system. Centralized, decentralized, and outsourced organizational models are all supported by this solution.
Advanced Operational Tools
ONESOURCE Foreign-Trade Zone Management (Petroleum) contains features that go beyond meeting US Customs regulatory requirements. Tools such as the
Task Manager
and My Dashboard
can also be utilized to simplify daily processes within the system.