DP World has announced the launch of its new digital compliance and revenue platform, Cargoes Customs. The platform enables completely paperless trade by deploying technological solutions such as an artificial intelligence-driven risk engine and smart valuation to streamline the customs procedure.
Cargoes Customs provides an intelligence-enabled, unified customs operating model that optimises border management and revenue collection activities. Customs agencies may use the technology to make commerce easier, safeguard global supply lines, and improve compliance.
At the same time, it helps government agencies minimise revenue leakage. The platform is built to assist global customs organisations in reforming and modernising processes by streamlining digital transformation through the latest technology and tools.
The system is further enhanced by its risk engine which detects revenue leakages. This technology improves visibility and traceability, and is based on WCO best practices, thereby optimising the customs clearance process. This helps enforce compliance and promotes seamless collaboration between authorities, government departments and stakeholders.
Offering a single window interface, Cargoes Customs is configurable and uses a template-based design which means customs organisations can update or roll-out new services at the click of a button. It supports all file formats commonly used in customs, and is WCO, WTO and SAFE framework compliant.
Sultan Ahmed Bin Sulayem, group chairman and chief executive officer of DP World said: “Trade is a key driver to help economies around the world to recover fairly and sustainably from the economic shock of the pandemic. At DP World, we are doing our part to make trade flow as smoothly and seamlessly as possible, and with Cargoes Customs we really help customs authorities around the world to become dramatically more efficient – now and for the long term. This new digital solution connects customs officials and traders through an easy-to-use interface and a suite of custom-built tools. We will continue to invest in our digital platforms to bring simplicity, transparency and efficiency to global trade – at customs, and beyond.”
Pradeep Desai, chief technology officer, DP World concluded: “Demand for digital solutions has never been higher and will only keep growing. We are leveraging technology to create value for our customers and help drive growth. DP World created Cargoes to solve pressing challenges caused by supply chain related inefficiencies. It’s a holistic solution powered by technology targeting all aspects of global trade including finance, ERP, tracking, terminal operating system, customs software and enabling end-to-end logistics.”Read the full article