Through TradeNet, companies and agencies can submit, directly from their computers, documents such as trade declarations, which state the nature, source, and destinations of products, and permits, which are needed to be approved by government agencies. A document can be sent to all relevant bodies and returned with approvals in about 15 minutes.
The new TradeXchange will support seamless data exchanges between businesses and their partners up and down the supply chain, according to the tender documents. With a clearer view of the supply chain, firms can plan more effectively and better collaborate on value-added services.
Right now, exporters, importers and logistics players have to subscribe to a number of systems that are not integrated, resulting in multiple data-entry steps, duplication of efforts and high error rates, said the tender documents.
Meanwhile, TradeNet is the platform for making Customs declarations. The revamped TradeNet will simplify business-to-government data exchanges so that permit processing and other regulatory functions can be completed more easily.
For example, a government study has shown that 83 per cent of information for a Singapore export permit is already available earlier in the value chain.
Overall, the National Trade Platform is intended to catalyse innovation when firms gather new insights from the richer exchange of data.
This is not the first time that Accenture has beat the incumbent to a government procurement. InCrimsonLogic lost the tender for the next version of government e-services portal SingPass to Accenture. Print Edition Subscribe Topics:The PowerPoint PPT presentation: "Singapore TradeNet Case Discussion" is the property of its rightful owner.
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We provide various declaration services like inward. Singapore TradeNet: A Tale of One City. Hong Kong’s Tradelink: An EDI vision Case Preparation Questions. What was the vision for Singapore that underlay the development of TradeNet? What challenges were there to achieving this vision?
Describe the trade documentation process before and after the implementation of TradeNet.
Singapore Customs and the IDA called the tender to revamp the existing TradeXchange and TradeNet systems in order to boost Singapore's competitiveness as a leading logistics and trade hub. A marketplace of value-added services offered by industry solution providers to improve business connectivity, productivity and operational efficiency.
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