Global Data Mining, LLC Provides Detailed Reporting To Help U.S. Importers Assess Performance And Identify Risks

The U.S. government compiles data on import transactions and offers it in the form of Importer Trade Activity (ITRAC) data. However, importers, attorneys and customs brokers find this data difficult to use because of its complicated formatting and 23 different datasets that must be related.

Global Data Mining (GDM) has developed a solution with the introduction of ITRAC Executive Analysis Reports. The essential information is extracted from the ITRAC data, then compiled and organized to create in-depth, multi-year reporting of a company's importing activities. Clients receive an entire package of reports that may reveal areas prone to unacceptable risks and provide management long needed transparency into their importing operations.

Importers, attorneys and customs brokers can then analyze the many ITRAC Executive Analysis Reports to identify operational trends, to discover potential red flag risks and to measure the performance of their importing operations. The reports provide clients the information needed to identify significant irregularities.

For example:

-Why are identically classified goods purchased from the same Mexican factory receiving NAFTA treatment only 56 percent of the time?

-Why are some entries being handled by unauthorized brokers without a Power of Attorney?

-Why is the overall duty rate for the company increasing over time?

The entire process of requesting the ITRAC data, ordering the reports, and processing the data usually takes less than five weeks and costs less than $1,000 for the standard set of reports.

For more information, email info@gdmllc.com

About Global Data Mining

GDM helps import professionals who are frustrated with inadequate resources, and are struggling to improve compliance and increase the transparency of import data feeding financial systems and executive leadership. GDM's service provides a comprehensive overview of importing systems, processes, data, guidelines and documentation.

For more information, visit www.gdmllc.com or call (303) 670-2479.

Copyright © 2008, Eworldwire, Eworldwire
Copyright © 2008, NewsBlaze, Daily News

Tags: Global Data Mining, Import, Export, Business, International, Data, ITRAC,,,

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