Compiled By Traci Purdum A new software solution aims to help small and mid-sized companies comply with U.S export regulations regarding their international shipments. The solution, developed out of a partnership between Eagan, Minn.-based software provider Shipping Solutions and NextLinx Corp., a provider of global trade management solutions located in Rockville, Md., is a trade-compliance database due out in April. According to the companies, the database will help companies avoid potential liabilities by:
- Screening parties in export transactions against various U.S. government restricted parties lists to ensure they aren't exporting to banned parties sanctioned by a government for performing illegal acts.
- Determining if products being shipped require a license or a license exemption based on the country to which they are shipping.
- Selecting documents needed to ensure shipments to a particular country are not delayed in customs.