The software company, which provides backbone systems for forwarders and customs brokers, will use data from tariff research and compliance tool provider Digerati to guide its next generation of customs entries technology.
The global logistics software provider WiseTech Global has acquired Digerati, a provider of tariff research and compliance tools used by the Australasian customs broking community, the company said in a statement earlier this week.
Digerati provides inbound, outbound, TradeWiseNZ and iClear Online compliance solutions to more tha 140 corporations, including DHL, Expeditors, FedEx, Panalpina, Schenker, UPS, Yusen and other large customs brokerage and logistics companies in Australia and New Zealand.
“Border compliance is a complex, high-risk process with growing transaction volumes, speed and complexity exponentially increasing risk and potential penalties,” said WiseTech Global Chief Executive Officer Richard White. “We envision a future of deeply capable, integrated and guided transaction processing that will reduce risks for customs brokers, importers and exporters by significantly reducing compliance breaches, fines and penalties and create a safer global trade environment.”
The company said it will use the Digerati data set and customer experiences in its development pipeline as it produces a new border compliance solutions based on deep learning aimed at increasing timely, accurate and complete customs entries for customers.
WiseTech Global acquires Oceania tariff data company
