Many Trade Compliance Programs operate on manual processes and tribal knowledge. As businesses increasingly leverage IT systems to automate business processes, the cyber compliance gap grows. The volume of business transactions executed in IT systems and having Trade Compliance implications is increasing. Risk of Trade Compliance violation in the cyber domain is likewise increasing. To address this risk requires automation of Trade Compliance processes and integration Cyber Compliance controls into business systems and business data.
To address the growing Cyber Compliance gap, Trade Compliance processes must be automated. Automated Trade Compliance processes ensure reliable information is readily available to decision makers, automated or human. Where underlying Trade Compliance and business processes are automated, automated TC controls can be inserted into the business systems. Thus, automated Trade Compliance processes are a prerequisite enabler of Cyber Compliance.
Trade Compliance Engine (TC Engine) has a variety of Trade Automation Solutions that provide companies with centralized, standardized, automated and integrated capabilities.