Web Based Electronic Certificate of Origin Solution (ECO) for Chambers of Commerce
In line with our objective to promote ICT in international trade and as part of the Chamber's continual efforts to improve their services to the business community, TDN has developed a state of the art web based e-Certificate of Origin solution for Chambers interested in deploying it. This solution is a hosted and managed solution and available on a Software As A Service Basis (SAAS). It can be further customized and white-labeled for each Chamber that wishes to leverage it.
One of the major roles of a Chamber of Commerce is the issuance and attestation of Certificates of Origin and other trade documents. To remain efficient to 21st. century business needs and requirements, chambers are actively exploring and learning more about the electronic delivery of certificates of origin.
The TDN's Cert of Origin system enables the business community to apply for CoOs electronically over the internet with the Chamber which would accept electronic applications from exporters and their agents and issue CoOs electronically, as well as, allow electronic transmission of an approved CoO to a designated party (eg. a bank for LC clearance).
This Electronic CoO system, developed by TDN encompasses security technologies like Public Key Infrastructure (PKI), and Unique Document ID's and serial numbers that can be authenticated and which ensure user authentication, confidentiality, data integrity and user accountability through public-key encryption and digital signatures.
Advantages of the TDN ECO
- Allows you to transmit an approved CoO electronically to a designated party (e.g. a bank for LC clearance, an overseas buyer, etc.) without having to physically collect the CoO from the Chamber and then dispatch it to your banks/trading partners.
- Allows round-the-clock internet-based preparation/application of CoO.
- Allows you to print an approved CoO conveniently, using print control and UDI technology, when a hard copy is required.
- Allows you to complete/submit your CoO application and transmit your documents electronically to the Chamber from the comfort of your office anytime, anywhere.
- Allows data import from TradeDoX360, thus simplifying the application process.
- Eliminates travel time and reduces paperwork and hence allows you to enjoy significant savings in time and costs.
- Allows you to expedite the completion of your CoO applications with minimal data entry and transcription errors as the System enables you to retrieve past applications and templates and change the relevant fields for submission of a new CoO application.
- Allows you to check/monitor online the status of your CoO applications.
- Provides system alerts to notify relevant parties involved in the CoO application and approval process when a CoO has been approved, viewed or printed.
- Reduces the turnaround time substantially for your CO application request /approval which, in turn, enhances your company's business capabilities/competitiveness.
- The process of applying for a Certificate of Origin, before the arrival of electronic certificates took days to complete. With this new initiative the process can be cut down to a few minutes.
- The Chamber can now check, approve and stamp the Certificate of Origin electronically and return direct to the exporter on line, who then prints it out at their own premises.
- Improves the overall efficiency and productivity of your company and the Chamber.
Customization is available to Chambers who are interested in deploying it. For further information please contact Azlan Federico at :azlan@tradev.net
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