December 2, 2002 -
TradePoint Announces Integrated Export Compliance & Document Production System

TradePoint Systems LLC is pleased to announce the integration of its Web-based Export Compliance (ECS) and Export Document Production system (SPEX), resulting in one of the industry's leading one stop solution for Exporters worldwide. In today's global trade marketplace, documentation facilitates the movement of freight, transfer of title, Customs clearance, and processing of payments. With heightened international security, incomplete/incorrect documentation or shipments made to restricted/denied parties can translate into export violations, resulting in fines, indictments and even prosecution. The pressure on Exporters is immense and TradePoint's new integrated product offering promises relief.

Previously offered as separate modules, SPEX and ECS are recognized internationally as the leading products in their specialty areas. Both systems can be integrated with ERP or legacy systems to monitor export transactions as they move throughout the export process. Utilized in over 20 countries, capable of producing hundreds of international document designs, and constantly updated and enhanced to maintain its position as the world's market leader, the name SPEX has been synonymous with global export documentation systems for many years. ECS is a Web-based system that performs mandated regulatory compliance checks for all export shipments, eliminating the mundane and error-prone clerical process associated with collecting, loading and managing global rules, content and regulations that impact global export compliance, including license screening for an expanding list of countries, such as the Netherlands, UK, Germany, France, Ireland, Taiwan and Canada. The integration of the two systems gives Exporters an extremely powerful tool for improved compliance and operating efficiency.

"This integration allows our many customers running the Export Document system to perform Export Compliance checks automatically and affordably", explains Chris Crane, President & CEO of TradePoint Systems LLC. "During the document process the SPEX system fires off a message to our data center. The compliance (ECS) system then screens for restricted/denied parties, embargos, license determination, and notifies the user immediately if there is a problem with the shipment. The system user also receives further details on the nature of the problem and where the full description of the problem can be found." Crane went on to add, "We have priced ECS on a transaction basis, allowing small as well as large customers to take maximum advantage of the service."

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