For those companies who are studying the costs and challenges of
implementing Importer Security Filing ISF compliance, Logistics Wisdom
offers the following guidance.
First, the new Importer Security Filing ISF regulations apply to United
States ocean imports only. Do a study of your last twelve months ocean
import activity. Determine how many ocean bills of lading (B/Ls) you had.
Second, ask both your custom broker and logistics provider about their
ISF procedures. Gather as much information as you can.
Third, talk with several ISF software providers who have ISF 10+2
solutions. Ask for a demonstration of their software. Importer Security
Filing ISF regulations require EDI transmission of the 10+2 data elements.
Fourth, every ISF 10+2 software provider offers a different solution.
Many solutions have features like built-in databases, templates to eliminate
time-consuming repetitive data entry for repeat shipments, and shipment
tracking. The best solutions are hosted SaaS real-time applications that
offer customization, flexibility and can be easily updated and maintained.
Fifth, currently ISF 10+2 software providers are charging between $5.00
to .85 cents per ISF transaction with varying fees for filing amendments to
the original ISF record. In addition, most software providers charge a flat
setup fee. It is important to calculate the total spend cost prorated to
each Bill of Lading. Beware of off-shore foreign agents offering low-cost
solutions without a secure CBP EDI connection.
Overall, Freightgate’s ISF Solution named Compliance-Trek! has one of the
lowest cost per ISF transaction combined with user-friendly screens
providing real-time visibility. Compliance-Trek’ offers seamless integration
into existing ERP’s along with special features such as event-driven alert
functionality, RDV technology and daily updating with the latest U.S.
Customs and Border Protection information.
Sixth, the biggest challenge to Importer Security Filing ISF compliance
is obtaining timely accurate data from the overseas suppliers, logistics
handlers and other intermediates. Select ISF software with RDV technology.
RDV is known as Role Dependent View. RDV allows users only to view
information and input data which is important to their participation in the
ISF compliance process. RDV ensures data confidentially and security.
For the latest details on the Importer Security Filing requirements visit
the Logistics Wisdom website:
http://www.logisticswisdom.com
