Graff Diamonds Streamlines Customs Declarations Processes With Descartes' Electronic Import Solution
(Thomson Reuters ONE) -
LONDON, July 13, 2015 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX)
(TSX:DSG), the global leader in uniting logistics-intensive businesses in
commerce, announced that British diamond company Graff Diamonds has improved its
customs declarations processes and saved significant time and money by using
Descartes' cloud-based Import Customs Solution.
Graff is using Descartes' Import Customs Solution to automate and integrate its
Outward Processing Relief (OPR) and Customs Warehouse procedures. OPR allows
importers, like Graff, to claim duty relief for goods imported from non-European
Union (EU) countries where the goods only temporarily left the EU for processing
or repair. By integrating the OPR process with Customs Warehouse procedures,
Graff can accurately track circumstances where duty relief may be available.
"As an organisation, we source diamonds and loose gems from a variety of sources
worldwide and operate a complex process that involves importing, diverting and
re-exporting," said Andrew Petherick, Head of International Shipping and
Logistics, Graff. "Descartes' Import Customs Solution has enabled us to move
away from our historic reliance on spreadsheets, and automated and integrated
our OPR and Customs Warehouse systems, which in turn has brought real cost
savings. Furthermore, it has given us much more control and allowed us to become
far more self-sufficient."
Descartes provided Graff with a customs compliance solution that allows the
company to self-manage warehouse diversion reporting, and integrates and
automates Graff's warehouse and OPR procedures. This allows the retailer to have
a clear picture of the duty that is due on each jewellery item and gem that it
handles. The duty management functions in Descartes' Import Customs Solution are
designed to meet the needs of the larger members of the UK trading community.
The solution provides complete customs and warehousing functionality, including
detailed audit trails and comprehensive management information.
"We're thrilled to have helped Graff achieve greater operational control,
streamline its processes and save time and money," said Pól Sweeney, UK Vice
President of Sales at Descartes. "Graff is an excellent example of how removing
manual customs processes and introducing automation and integration of processes
and systems can deliver significant supply chain operational efficiency while
enhancing profitability."
About Graff Diamonds
A diamond company extraordinaire, Graff is involved in every stage of the
jewellery making process - from the sourcing of each rough stone, right through
to the cutting, polishing and final setting of each exquisite jewel. Throughout
its rich history, Graff is said to have handled more diamonds of notable rarity
and beauty than any other jeweller. Today, after more than five decades at the
pinnacle of the luxury jewellery industry Graff continues to push the boundaries
of ever-greater innovation and excellence. For further information, please visit
www.graffdiamonds.com
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand,
software-as-a-service solutions focused on improving the productivity,
performance and security of logistics-intensive businesses. Descartes has over
200,000 connected parties using its cloud-based services. Customers use our
modular, software-as-a-service solutions to route, schedule, track and measure
delivery resources; plan, allocate and execute shipments; rate, audit and pay
transportation invoices; access global trade data; file customs and security
documents for imports and exports; and complete numerous other logistics
processes by participating in the world's largest, collaborative multimodal
logistics community. Our headquarters are in Waterloo, Ontario, Canada and we
have offices and partners around the world. Learn more at www.descartes.com.
This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate to
Descartes' solution offering and potential benefits derived therefrom; and other
matters. Such forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the actual results,
performance or achievements to differ materially from the anticipated results,
performance or achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited to, the
factors and assumptions discussed in the section entitled, "Certain Factors That
May Affect Future Results" in documents filed with the Securities and Exchange
Commission, the Ontario Securities Commission and other securities commissions
across Canada including Descartes most recently filed management's discussion
and analysis. If any such risks actually occur, they could materially adversely
affect our business, financial condition or results of operations. In that case,
the trading price of our common shares could decline, perhaps materially.
Readers are cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Forward-looking statements are
provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes. We do not undertake or
accept any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change in our
expectations or any change in events, conditions or circumstances on which any
such statement is based, except as required by law.
CONTACT: Global Media Contact
Mavi Silveira
Tel: +1(800) 419-8495 ext. 202416
msilveira(at)descartes.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Descartes Systems Group via GlobeNewswire
[HUG#1936924]
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2015 - 12:45 Uhr
Sprache: Deutsch
News-ID 406333
Anzahl Zeichen: 6989
contact information:
Town:
Waterloo, Ontario
Kategorie:
Business News
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"Graff Diamonds Streamlines Customs Declarations Processes With Descartes' Electronic Import Solution"
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