Automated Customs
Clearance & Trade Finance
£15B Annual Manual Mess
Supply chain inefficiencies and disparate legacy systems cost businesses hundreds of billions globally each year.
As a result of Brexit, the United Kingdom will have over 200M custom additional custom clearances a year (up from 50M pre-Brexit).
The UK government forecasts an additional £15 Billion in admin costs, with over 50% of clearances also having incorrect paper-based documentation.
Key Facts
9K Brokers
10,000+ users and intermediaries, including freight suppliers, customs agents, and software providers, are directly affected by Brexit
180K TRADERS
200,000+ traders currently estimated by HMRC who will make customs declarations for the first time under a new system
65% of Fruit & Vegetables
are imported in the UK
The New Post Brexit Process
Current
Verathread®
Fresh Produce Shipping from the EU
Export documents are consolidated into a Single Administrative Document (SAD) and handed over to a Broker
Export documents are consolidated into a Single Administrative Document (SAD) and handed over to a Broker
Fresh Produce Shipping from the EU
Brokers manually create the full declaration and submit it to HMRC and wait for clearance approval.
Goods are cleared immediately using HRMC's simplified declarations by using the EDIR and submitting a supplementary declaration.
Current
vs
Verathread®
Currently 2-4 Additional Days
Brokers and agents are unable to scale to meet trading demands, resulting in truck backups and idle warehouse storage
DELIVERY
Currently 2-4 Additional Days
Brokers and agents are unable to scale to meet trading demands; resulting in truck backups and idle warehouse storage
Currently Prohibited
Current broker and agent costs will prevent Fruit and Vegetable companies from the EU from trading with the UK
COST
With Verathread® Affordable
Azarc's solution is all digital, significantly reducing clearance fees.
Currently Days
The trader must contact multiple brokers or agents to validate provenance
PROVENANCE
With Verathread® Seconds
Azarc provides visibility and traceability through a web portal with full end-to-end data auditing.