Client Background:

Our client is a leading manufacturer of compressors, vacuum solutions, generators, pumps, and assembly systems. They are deeply committed to providing reliable and energy-efficient solutions, fostering sustainable development and driving growth, embodying a vision of innovation and environmental stewardship.

Challenge

● Lack of automation could result in lower accuracy rates in HSN code assignments. ● Possibility of mismatch in a shipment due to wrong HS code provided for client’s article, leading to increased risk of losing their valuable AEO license for 3 years, potential penalties up to 10x, fines, and imprisonments. ● Despite a dedicated team of approximately 12 people working on the trade compliance project, the high volume of incoming shipments resulted in tens of thousands of backlogs, further exacerbating the challenge. Solution ● Leveraged Robotic Process Automation to automate repetitive tasks and streamline HS code assignment process. ● Strategically employed AI and ML algorithms for accurately assigning HS codes based on learned models. ● Leveraged Computer Vision techniques for processing and interpreting product images for accurate HS code assignment, reducing manual dependency while achieving a higher accuracy rate and time savings. ● Strategically implemented Kit Rules and Modus Operandi to effectively identify the respective country’s HSN equivalent codes with greater accuracy.

Solution

● Leveraged Robotic Process Automation to automate repetitive tasks and streamline HS code assignment process. ● Strategically employed AI and ML algorithms for accurately assigning HS codes based on learned models. ● Leveraged Computer Vision techniques for processing and interpreting product images for accurate HS code assignment, reducing manual dependency while achieving a higher accuracy rate and time savings. ● Strategically implemented Kit Rules and Modus Operandi to effectively identify the respective country’s HSN equivalent codes with greater accuracy.

Business Impact

• Approximately 7.25 mins per Article Number
• Enhanced Accuracy of 86% and 93% for top 3 & 5 HS codes respectively
• Reduced Manual Complications
• Increased Efficiency & Productivity