TradeBeam Launches Duty Rate Calculator

TradeBeam, which provides on-demand global trade management software, launched the Duty Rate Calculator, which enables businesses to quickly obtain current, general and preferential, as well as future duty rates.

The new product helps businesses simplify their duty rate determination processes, thereby maximizing savings and enabling them to make more accurate sourcing decisions, TradeBeam said.

"Our global trade customers continuously review their sourcing options in order to gain a competitive advantage. Identifying the most beneficial option from a duty rate perspective is a key component. The complexity of different countries' duty rates, however, can be a real challenge if you do not have access to the right tools," said Graham R. F. Napier, CEO of TradeBeam.

"In addition to identifying the best current rate, our Duty Rate Calculator can access the right data for businesses to plan ahead. It aggregates and structures the data into a usable format for ‘what-if’ analysis, providing an easy and useful tool for our customers and a quick return on investment,” Napier said.