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Lyngsoe Systems and Hurricane Commerce join forces to ensure frictionless cross-border trade

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Two companies specialising in cross-border trade technologies have teamed up to help postal operators prepare for a wave of new regulations coming into force over the coming months.

Among them are the implementation of ICS2 (Import Control System 2), requiring entry summary declarations on all parcels and packets entering the EU, and the EU’s VAT modernisation package and launch of the Import One Stop Shop (IOSS).

Lyngsoe Systems is offering its customers Hurricane Commerce’s Zephyr data enhancement solution to complement its own Manual Imaging Capture Station (MICS), which provides a scalable solution for optimising import, customs and VAT collection.

MICS removes bottlenecks by separating data entry from the physical handling of items, automates data capturing and registration, raises throughput utilising existing floorspace more effectively and lowers the cycle time of import and clearance.

Hurricane’s Zephyr API enables the efficient checking and completion of cross-border shipment pre-advices. It identifies invalid descriptions, returns a status code for each imported consignment, and includes a product description, HS6 code and, if required, 8 and 10-digit import and export codes.

Zephyr can process over 700 million requests per day with 85% accuracy and achieves average response times of 100 milliseconds.

Villads Thomsen, CEO of Lyngsoe Systems, said: “A smooth cross-border eCommerce process calls for combining the different data sources readily available today.

“Lyngsoe Systems is excited to complement our MICS platform with eCommerce data analytics from Hurricane to achieve a frictionless cross-border trade.”

Martyn Noble, CEO of Hurricane Commerce, said: “We are delighted that Lyngsoe Systems has chosen our game-changing Zephyr solution to complement its own industry-leading offering to postal authorities.

“Our solutions are helping postal operators, carriers, logistics providers and online retailers capitalise on the huge growth opportunities in eCommerce while staying compliant in the face of ever-increasing global regulations and laws.”

Lyngsoe Systems and Hurricane are hosting a one-hour webinar, “Data Enhancement and Machine Learning in Office of Exchange” on Thursday, November 5th (2pm GMT/ 3pm CET). To register visit https://lyngsoesystems.com/mics2020/

Hurricane featured in Parcel & Post Technology International

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Hurricane Commerce is featured in the September issue of Parcel & Post Technology International magazine.

Our co-founder and CEO Martyn Noble was interviewed about the latest trends in cross-border eCommerce trade.

The industry is having to adapt quickly to meet the challenges and opportunities presented by a swathe of new laws and regulations coming into force over the coming months. Among them are Brexit, EU VAT modernisation and the Import Control System 2 (ICS2).

In a wide-ranging article, Martyn says: “Nothing will move without data. A few years back the post industry was mainly concerned with first mile and last mile efficiencies whereas now it’s actually around first file.

“The timelines are not going to change. Compliance is not optional, and if you want to compete in this market, you have to do something about it.”

Martyn added: “There is potential for Posts and delivery companies to collaborate with smart technology providers to develop new services that help to differentiate them from rivals.”

To read the full article click https://secure.viewer.zmags.com/publication/b47bed6a#/b47bed6a/32