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Global Classification

Streamline export-import product classification process to achieve trade compliance

Expedite classification process and minimize trade risks using expert systems

For smooth movement through customs, you need to ensure accuracy in codes. When dealing with a large portfolio of products, ensuring correct Harmonized Schedule (HS) numbers can be strenuous. Even a slight variation in classification can mean major differences in customs duties to be paid or preferential treatments determination. 

With Thomson Reuters ONESOURCE™ Global Classification you can streamline and automate your classification workflow, enhance accuracy, and reduce time and effort spent on redundant, manual processes and more time on value-added activities. You can simply upload your product database into ONESOURCE Global Classification and run a batch classification to assign codes and audit previously classified products.

Manage key classification data with intelligent automation

Cloud-based product repository

Access product information stored in a centralized location which acts as your “single version of truth” rather than pulling info from disparate databases.You can create and share product information securely throughout the enterprise

Audit readiness and compliance

Stay organized for customs audits by maintaining a complete audit trail of all your transactions, including classification, valuation, and duty calculation

Maximize your duty savings

Ensure that you are classifying correctly and paying or levying the correct duty rate. You can also map out eligible products and save costs by leveraging preferential trade agreements

Visibility into changes in tariffs

Comprehensive built-in trade data can help you oversee tariff codes that have recently modified or are about to change, as well as products classified with them. Users can proactively choose new classifications in advance

Are you still dependent on manual processes for verifying the classification codes?

Counter classification challenges with automation

Classify accurately, consistently and automatically

Access up-to-date tariff schedules for 240 countries and territories. Utilize sophisticated statistical algorithms to identify classifications for products.

Ensure consistency across processes

Streamlines your classification activities by automating assignment, management approval, and tracking processes.Transparency into product classifications, ensuring consistent decision making and reducing error rates.

ERP and web services integration

Multiple ERP instances can be integrated in a single instance. In addition to native ERP integration, standard web services are available to integrate with any other external systems.

AI-powered classification- Smart HS

Leverage the power of AI and machine learning to classify your goods at the 6-digit, WCO level. improve the accuracy of your classifications, spend more time on strategic tasks, and dive deeper into the country-level classification.

Trade compliance support

Capable of handling specific classification challenges such as supporting multi-sourcing of the same part number, holding multiple tariff numbers for one part number, and requiring classification of any OGA information.