ONESOURCE Vietnam CFR

Be audit ready!

Reduce risks in penalties for delays and inaccuracies and stay compliant by automating Vietnam Customs Finalisation Report reconciliation

Efficient compliance

Streamline customs report generation, reducing risk of penalties and ensuring accurate duty exemption claims.

Centralised data

Store all supply chain information in one location, improving inventory tracking and decision-making.

Accurate reporting

Enhance inventory reporting precision, supporting better strategic planning and resource management.

Time savings

Automate CFR reconciliations to significantly reduce manual workload, allowing teams to focus on strategic tasks.

Streamline your customs process

ERP integration

Facilitate seamless integration with ERP systems for comprehensive product and transaction data management.

Effortless transmission

Streamline the process of sending import/export declarations to VNACCS filers, ensuring smooth customs operations.

Data automation

Automate the reconciliation of CFR inventory, reducing manual workload and enhancing accuracy.

Form generation

Simplify the generation of CFR Forms 15, 15a, and 16, supporting quick compliance with customs regulations.

Centralised platform

Utilise a single platform for managing customs and inventory data, minimising discrepancies and errors.

Proactive error checks

Implement automated validations to identify and rectify errors, improving data reliability and submission accuracy.


 

Talk to an expert

Streamline your supply chain and be audit ready. Speak to our experts on ONESOURCE Vietnam CFR!


 

Frequently asked questions

Does this solution also support import/export management, not only inventory management?

Yes, ONESOURCE Vietnam CFR also includes an import/export management solution, and by synchronising the master data from your ERP at the time of implementation, it enables us to provide a comprehensive solution that includes import/export management. Other customisation options are also available to meet your company’s current challenges and needs.

How do we manage paper forms (mailed, faxed, etc.)?

The scanned forms can be uploaded to the system as attachments.

Are CFR forms automatically updated when changes are made to them?

Our supply chain experts and technical teams work together to update the system when changes are made by the administrative authorities.

What types of trade documents can it manage?

ONESOURCE software allows trade documents in different formats such as Word and PDF. It supports a wide range of document management, such as invoices, packing lists, or shipping instructions, and can also be integrated with systems provided by third parties. Export Declarations and Import Declarations can also be centrally managed as an import/export control ledger.

We have a special system environment – how do you think you can support us?

ONESOURCE Global Trade is system agnostic and has developed thousands of integrations with various systems and third parties. Please feel free to contact us and see how we can support you technically.

How does ONESOURCE® Vietnam CFR ensure compliance with Vietnam Customs regulations?

ONESOURCE® Vietnam CFR ensures compliance by automating the reconciliation of inventory and customs data, essential for accurate reporting. It integrates data from ERP systems with VNACCS customs records, maintaining processing contracts and bills of materials. This automation reduces the risk of manual errors, streamlines the preparation of customs finalisation reports, and ensures enterprises meet regulatory requirements. By centralising data, the solution assists companies in submitting reports punctually, thereby avoiding compliance penalties and additional taxes.

Can ONESOURCE® Vietnam CFR help reduce manual errors in inventory management?

Yes, ONESOURCE Vietnam CFR significantly diminishes manual errors through automation. By centralising data from ERP systems and VNACCS, it eradicates discrepancies often arising from manual data management. Automated validations within the system identify potential errors and prompt corrective actions, ensuring data accuracy. This reduces the burden of manual data compilation, mitigates the risk of penalties due to inaccuracies, and guarantees a seamless inventory management process that aligns with customs requirements.

What is the importance of automated reconciliation in supply chain management?

Automated reconciliation is crucial in supply chain management as it streamlines the complex process of managing large volumes of import/export and inventory data. It eliminates the need for manual data compilation, reducing the risk of errors and ensuring reports are generated accurately and on time. This automation enables companies to efficiently balance declarations and maintain compliance with customs regulations, ensuring they continue to benefit from duty exemptions. Additionally, it makes enterprises audit-ready by centralising all CFR records, thus enhancing operational efficiency and reducing the risk of penalties associated with late or inaccurate submissions.