FRAMINGHAM (09/22/2003) - Open Harbor Inc., a global trade management services provider, has released two products designed to make international trade easier for multinational corporations.
The San Carlos, Calif.-based company said the two new products will help customers reduce global trade management costs.
The first product, Global Security and Compliance, will assist corporations in complying with trade regulations and security, said Chris Erickson, CEO of Open Harbor.
Erickson said that since the Sept. 11, 2001, terrorist attacks in the U.S., companies have been under increasing pressure to comply with new federal security regulations. He said Open Harbor's Global Security and Compliance service mitigates a corporation's risk by managing its security and compliance needs, from order receipt to shipment delivery.
The second product, Global Brokerage, reduces inefficiencies by streamlining interactions between brokers and businesses, Erickson said.
Historically, customers and their brokers have communicated via telephone and fax machines, methods that have resulted in frequent errors, delays and incomplete data, Erickson said. But with this new service, customers can eliminate paperwork by automating those manual tasks, he explained.
Now customers can check compliance, classify goods, and generate relevant documents and file them electronically with government agencies, he said.