RedPrairie makes it easier for UK business to reduce and delay HMRC payments

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INFORMATION: Free information is available from RedPrairie on the subject in this story. Click here to request a copy

Software eliminates the need for specialist knowledge

RedPrairie, a world leading consumer driven optimisation company, announces the release of DLx DutyManagement 2007.1 in March, enabling businesses to reduce and delay tax payments in line with the latest HM Revenue & Customs regulations.

The new release supports the entry of invoices, certificates and licenses prior to the receipt of goods, allowing goods to be available immediately upon receipt. For the first time, it also enables companies that assemble and manufacture from imported components to take advantage of regulations that can reduce or eliminate customs duty payments, delivering permanently higher profit margins and improved cash flow.

Martin Hiscox, President & Managing Director International of RedPrairie, said, Most companies engaged in importing or exporting could reduce their customs and excise payments, but the majority fail to do so because of the complexity of HMRC regulations. DLx DutyManagement removes this obstacle and our customers are now saving millions of pounds every month. Our free, half-day seminars provide the information you need to take action.

DLx DutyManagement releases expected later in 2007 will further reduce the cost of HMRC compliance and increase user productivity. The ability to repack products under bond will enable duty to be paid even later. RFID will improve shipment efficiency and security. And expanded browser-based capabilities will give companies and their customers greater visibility of information.

Support for SAD Harmonisation, Authorised Economic Operators (AEO), Single Access Point and the Modernised Customs Code will follow as each of these initiatives comes into effect, providing new opportunities to reduce and delay tax payments for the businesses that are ready.


About DLx DutyManagement

DLx DutyManagement simplifies the otherwise complex and time-consuming business of setting up and administering a bonded warehouse. It provides full audit reporting in accordance with HMRC requirements for the management of goods under customs and excise control. Six-monthly upgrades ensure continuous compliance.

As well as supporting the latest HMRC regulations, DLx DutyManagement can provide warehouse management functionality either as a stand-alone solution or in conjunction with DLx Warehouse. The latest DLx DutyManagement release improves warehouse productivity by allowing flexible storage of products and introducing new XML standard interfaces for customers. The web based access has been expanded to include order placing and tracking facilities along with the ability use Blackberry and other portable devices. The solution provides companies with the ability to monitor their operations in real-time; data can be accessed instantly at the desktop, enabling reports for individual clients or HMRC to be generated on the spot.

The solution has also been extensively integrated with third party warehouse management systems, as well as finance and ERP solutions. These integrations are enhanced in each release but remain backwardly with previous releases ensuring a straightforward upgrade path.


About RedPrairie Corporation

RedPrairie is a world leading consumer driven optimization company. Built on an advanced Service Oriented Architecture (SOA) developed over the past 10 years, the RedPrairie integrated suite of end-to-end (E2eTM) solutions offers on-demand capabilities to over 25,000 sites worldwide for many of the worlds largest companies. RedPrairies end-to-end (E2e) solutions synchronize people and products throughout the customer buying cycle to ensure goods reach the right place at the right time. At the point of sale, this means consumers have access to desired products and that the store is staffed with the right people to help them make their purchases. In the production cycle, it means suppliers and manufacturers time and synchronize shipments and production based on demand signals from the retailer. And in the back room of the store, it means having the least amount of inventory, solving the last yard problem of the retail supply chain. With 20 global service sites and standard service methods that have been validated over the last 30 years, RedPrairie provides unparalleled service and support.

 

INFORMATION: Free information is available from RedPrairie on the subject in this story. Click here to request a copy

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