SKY ERP Export Plus – A Software for Exporters designed for different purposes.
Whether you are an organization involved in exporting business or someone who uses exporting services, you know that there can be a lot of paperwork involved in an export process. A lot of this paperwork is often endless and can be of a repetitive nature.
Most of the documents involved in the export process are more or less the same, however, certain goods or items may require special licensing, paperwork, and approvals before they can be exported to their destination. It’s up to the exporter to ensure that all requirements and regulations are followed prior to shipment to make sure all documentation is in order. Common documents which are used in an export process include a Commercial Invoice, Packing List, Certificate of Origin, and Shipper's Letter of Instruction to the Freight Forwarder. There could also be product-specific or country-specific documents.
There are majorly 4
perspectives involved in an export process, which are as follows:
1. INCENTIVES: In order to claim
any government assistance or support your export documentation should be in
compliance with the guidelines laid down by the government of the country.
There is a variable type of financial assistance given to the exporters by the
government to earn foreign exchange and aid in the growth of the GDP of the
country. These export incentives may include regulatory legal monetary or tax
programs that are designed to encourage businesses to export certain types of
goods or services.
The schemes may also provide
incentives to exporters in the form of duly credit scrips to refund losses on
pay duties. The MEIS scheme introduced by the government is one such incentive that
is given to the exporters at a specified rate. An effective software for exporters will always keep
a check on the documents for being compliant as according to the policies of
the country.
2. COMMERCIAL: The discussions
between the buyer and the seller, in the case of export, is normally sealed by
a contract that includes all the terms and conditions the exporter and importer
should follow. All the important documents such as invoice packing list
certificate of origin insurance and bill of exchange are then created on the
basis of this contract.
An effective software for
exporters for example sky ERP export plus, helps the exporters to create
maintain and organize these important documents in one single platform.
3. LEGAL: Every country may have a separate body that acts as an authority to control the import and export of the said country’s trade. In India, the foreign exchange management act is one such legal Authority that enlists all the guidelines which have to be followed by all the exporters residing in the country. The government, through these regulatory bodies, layout its own rules and instructions related to the export documentation, and this documentation must be in compliance with the legalities.
An organization that is using a software for exporters and manages the export documentation is
through the software is always in compliance with the legalities of the country
as the software is developed and upgraded according to the changing regulations
of the country.
4. MANAGERIAL: Export management includes the management of all marketing activities as well as export documentation for the products which are exported across the country. Sky ERP exports plus export document management software simplify in the creation of export sales and export documents which are used in the global supply chains.
With the correct export document management, the organization can
benefit not only in terms of profits but in terms of time and efficiency.
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