Professional Services
Professional services firms can add value to their clients through the provision of world-leading vertical AI solutions.
Why Professional Services
Choose Hurricane
Regulatory Compliance
Improved compliance for clients, including meeting the requirements of recent regulatory events such as Brexit, the EU’s abolition of the VAT threshold on low value items, the introduction of the EU’s Import One-Stop Shop (IOSS), the US STOP Act and Type86 clearance and the EU’s Import Control System 2 (ICS2)
Clear Audit Trail
Enable clients to be able to demonstrate a clear audit trail
Added Value Advisory Services
- Operational efficiency (faster and more accurate data)
- Cost saving and productivity (automated processes less costly than manual labour)
Navigating a Complex World
Complex business processes, such as cross-border global trade, coupled with regulatory and compliance challenges, provide a significant opportunity for consultancy practices and professional services.
Consumers are now more confident than ever about purchasing products from overseas with global retail eCommerce sales currently in the region of $5.7 trillion – around 22% of which are cross-border (Statista). This figure is forecast to grow to over $8 trillion by 2026.
There are many reasons for the increasing popularity of cross-border eCommerce, among them the greater availability of products and brands and the ability to shop around for the best deals.
While there are attractive returns for retailers, entering new markets, driving revenue growth and staying ahead of the competition, there are a myriad of other organisations involved in the complex supply chain and transaction payment processes.
Enhancing Operational Performance
The sector is attracting smaller, nimbler players, who are increasing the competitiveness and putting operational performance and margins under the microscope.
A successful cross-border global trade strategy can be lucrative, but it is also a complex area and having the right partners is business critical.
The ability to provide accurate and real time data will become not just necessary for compliance, but to ensure operational efficiencies and ultimately customer satisfaction.
SECTOR
PAIN POINTS
HURRICANE
SOLUTIONS
Hurricane’s products were created specifically to help all supply chain participants to navigate the various pain points detailed above, enabling clients to achieve cross-border eCommerce success.
Hurricane is supporting global advisory practices as our comprehensive solutions cover over 180 countries for import and export, plus multi-currency and multilingual.
With such large volumes involved in global trade, scalability, operational and cost efficiency and regulatory compliance are only possible through the harnessing of applied technologies such as Hurricane’s world-leading data APIs.
MORE
INFORMATION
REFERENCES
Other Industries we Support
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