DPD has partnered with Eurora and will use their Artificial Intelligence and machine learning backed platform to automate the allocation of product classification (HS) codes and cross-border compliance with the export control rules applied in the European Union, the United Kingdom, and the United States.
This partnership will enable DPDgroup, which delivers 2.1 billion parcels yearly, to enhance its quality and compliance processes whilst lowering costs of customs processing.
With Eurora’s services, we want to support our international growth. We plan to use Eurora’s solution to improve our international operation, namely product classification and international compliance
– Etienne Chaigne, Director International IT Solutions, DPDgroup
If you use DPD to ship internationally, you’ll like this development as, frankly, cross-border compliance is becoming a bigger headache every year so automation is a key step to making your life easier.
The allocation of product classification (HS) codes and export control classification (ECCN code) is a pivotal step within the export process – These classifications are needed to prove all restrictions and license requirements have been duly checked by the shipper before exporting an item.
Eurora’s compliance platform processes up to 5,000 request per second with 98% accuracy. As there are more than 15,000 10-digit commodity codes in EU alone, it is impossible to match this speed and cost with manual or hybrid methods, most used today.
Eurora’s AI uses over 500 million records of training data from real transactions of the world’s largest logistics service providers. The platform can be used by online sellers, marketplaces, logistics and postal companies to automate tax and duty declarations and assign the appropriate HS code.
Eurora and the DPDgroup have been closely working together since the beginning of 2022 to elaborate the rules of different jurisdictions, containing a wide range of classification rules and restrictions that have been ´learned´ by the Eurora machine
– Marko Lastik, founder and Group CEO, Eurora
from Ecommerce Archives - ChannelX - formerly Tamebay https://ift.tt/w8viIYg
via IFTTT
No comments:
Post a Comment