Escher Partners with Hurricane to Remove the Friction Points in Cross Border Parcels
Thursday, October 3, 2019
Solution simplifies compliance with complex global regulations.
AMSTERDAM, Oct. 1, 2019 /PRNewswire-PRWeb/ -- Escher, the global leader transforming postal operators and couriers, today announced a new partnership with Hurricane, the world leader in calculating duty & taxes and compliancy screening for parcels. The partnership enables Postal Operators to correctly calculate duties and tax, check product classification and screen for restricted products and denied parties at the point of engagement with their customer.
In 2019, retail e-commerce sales worldwide will amount to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. In 2021, over 2.14 billion people worldwide are expected to buy goods and services online. In 2022, cross-border e-commerce is projected to account for 22 percent of e-commerce shipments of physical products, up from 15 percent in 2016.
Powered by Hurricane, Riposte Taxes, Duties & Compliance enables Posts to correctly identify product classification, screen for restricted products, screen for denied parties and estimate taxes and duties. The solution ensures Posts meet all regulatory requirements, provide better cost transparency to their customers and improve customer loyalty throughout the supply chain.
"Hurricane is the market leader in this extremely complex area and they have a dedicated and experienced team to ensure regulations are up to date. Our solution provides Posts with the assurance that they are complying with global screening requirements as well as correctly calculating any monies due," commented Nick Manolis, CEO Escher Group. "But this is also about the online shopper - knowing the landed cost of their purchases is important for customer experience and satisfaction, and reducing calling card shock."
"The partnership between Escher and Hurricane levers the combined innovation and thought leadership of both organisations resulting in reducing the friction points in cross border parcels, improved productivity and a better customer experience for the Postal Operators' Retail organisation" said Martyn Noble, CEO Hurricane.
Riposte Taxes, Duties & Compliance provides for:
-- Product Classification - ensure compliance with the latest custom
regulations and emerging security and customs requirements for
electronic advanced data (EAD).
-- Denied Parties Screening - ensure that the recipient is not on the
global denied parties lists.
-- Product Restriction Screening - ensure that parcels does not contain
restricted products, for example animal products or firearms.
-- Duties and Tax - estimate the amount due when the parcel is delivered.
Riposte Taxes, Duties & Compliance releases today.
About Hurricane
We are brilliant at the boring - translating the complex into the simple. In fact, it's one of our main selling points. Hurricane software was made to integrate with any eCommerce site or retail platform so seamlessly you won't even know it's there. We don't like surprises which means you won't get any either. No selling to blacklisted folk, no unexpected compliance slip-ups and no shipping errors. It's all brilliantly boring. Our RESTful API will leave you feeling exactly that - rested and reassured about every cross-border eCommerce transaction. Built to be user-friendly and lightweight, it blends smoothly into your existing tech, streamlining the customs and regulatory process into one tool. For more information about Hurricane, please visit https://www.hurricanecommerce.com/
About Escher
Escher is transforming postal operators and couriers worldwide, enabling them to engage today's digitally savvy customers across all points of engagement. With Escher's unique, purpose-built customer engagement platform, Posts can drive superior customer experience, with greater speed and better economics. For more information about Escher, please visit http://www.eschergroup.com
SOURCE Escher
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