A first-to-market solution available since 2008, UPS Paperless Invoice has allowed thousands of customers to reduce the likelihood of customs holds by up to 41 percent and enhance their company's sustainability efforts by eliminating the need for paper commercial invoices
The error occurred when certain credits in the accounts payable account related to commercial invoices
were not matched on a timely basis with the corresponding letter of credit items in the contra-liability account as required by Big 5's established accounting procedures.
With QuestaWeb's TradeMaster(QW)Global Trade Management (GTM) software, companies experience increased speed to market or production floor; enhanced revenue via fewer fines and audits; lower logistics rates; unparalleled ability to identify landed costs; and real-time capability to reconcile purchase orders and commercial invoices
The majority of the small packages UPS ships internationally - everything besides a letter or document -- requires a commercial invoice
On average, a single cargo shipment can generate up to 50 individual documents from pre-invoices to commercial invoices
and shippers export declaration statements.
3PLs can print key documents - barcode labels, packing slips, commercial invoices
, and international shipment documents - using data pulled in real-time from Foundry's Oracle ERP system.
The BOES technology is the first single, integrated process to electronically manage an international trade transaction - from purchase orders, to invoices, to ocean and airway bills of lading, to commercial invoices
- in any language or currency.
Ship 23,230 line items -- Program 239,498 devices -- Process 6,200 new receipts -- Create 650 new commercial invoices
-- Complete 67,760 breakaway headers -- Build 21,306 cable assemblies -- Complete 56,681 connector assemblies
as purchase orders, airway bills, commercial invoices
, and packing lists
Ship also automates the printing of bills of lading (LTL carrier documentation), Commercial Invoices
, NAFTA forms, and Shipper's Export Declarations.
Using COMMERCE:Forms, OCEANAIR's customers will send documents such as the shippers export declaration and commercial invoices
electronically, and receive shipment status and freight invoices from OCEANAIR.
The initial applications include customer shipment status updates, shipping instructions, commercial invoices
for customs clearances, and purchase order and exchange rate information -- all in EDI format.