export compliance management seminar 29 may 2012: automated trade compliance processes

Download Export Compliance Management Seminar 29 May 2012: Automated Trade Compliance Processes

Post on 07-Dec-2014




0 download

Embed Size (px)


Bruno Fransman - Honeywell www.exportcompliancemanagement.com


  • 1. Automated TradeCompliance processesAutomation and Control Solutions Bruno Fransman May 29th 2012
  • 2. Introduction
  • 3. Why automation? Key findings from the report include: 84 percent of compliance professionals expect to handle more regulatory information in 2012 More than a third of respondents spend an entire working day each week staying up-to- date with regulatory changes 70 percent of respondents expect the cost of senior compliance staff to be higher this year Only 11 percent of companies expect a significant increase in their budget for compliance this year While regulatory requirements continue to grow, compliance teams are showing signs of resource constraints limiting their ability to perform vital compliance functions. More than a third of compliance professionals say they spend more than an entire working day each week in simply staying up to date with regulatory changes and assessing their impact on the business. At the same time, compliance teams report difficulty finding time to coordinate with other parts of the company involved with managing regulatory risk. More than half of compliance professionals surveyed said they spend less than one hour a week working together with internal audit colleagues. One-third of respondents say they similarly spend less than one hour a week consulting with their legal and risk teams. While keeping executive management informed of regulatory issues is a key part of the compliance role, more than a quarter of respondents say they spend less than one hour a week reporting to their boards. In the U.S., more than half of the companies surveyed spend less than one hour a week reporting to their boards. This raises concerns about whether executive management is being kept sufficiently informed on compliance issuesCompliance Teams Stretched to their Limits (March 13th, 2012 by Corporate Compliance Insights and Cost of Compliance Survey 2012 by Thomson Reuters ACCELUS)
  • 4. ACS Today Profile Sales: $15.5B 70,000 Employees Technology, leading brands Large installed base Strengths Security, ECC, Life Safety Global reach 41% 36% Growth 164 countries served > 2M ship to addresses Focus 54 acquisitions since 2003 110 ERPs ECC S&C HLS HBS HPS HSG HSM Buildings Fire/Smoke Process Sensors ControlsThermostats Motion / Human Speed and Position Presence Sensors Building Sensors Scanning System & Automation Panels Instant Pressure Alert Mobility Sensors Water Control CCTV/ Gas Detection Voice Picking Gas DVR Distributed Personal Satellite Valves Control tracking Military SensorsIndustrialBurners Control Personal Protection Systems Mobile ComputingComprised of 93 Supply Chains, 118 Plants, 93 DCs, 9 Integration Centers
  • 5. Background Distribution Footprint 219 Global Locations Distributing Product118 Factories - 93 DCs - 9 Integration Centers
  • 6. Honeywell Corporate PolicyHoneywell will comply fully with all applicable export and import control laws and regulations of the United States and of all countries in which it conducts business. Customs laws Requirement to declare goods accurately on importation classification, valuation, country of origin Implies that our trade data is accurate including sourced items! Use free trade agreements legally and intelligently Export control laws Certain goods of strategic nature require government approval before export Use of military components can infect non-military products Restrictions on importing from certain countries embargoes Other government agency (OGA) requirements ACS now faces permitting requirements in US/ MXon health/medical products in HSP eyewash, first aid kit elements, ibuprofen, etc.
  • 7. ACS Trade Service OfferingsTeam Vision: ObjectiveA collaborative ensemble of Build a global complianceprofessionals partnering with infrastructure; enable rapid tradeHoneywell colleagues to efficiently problem-solving; continuouslytransact business across national Enabling Growth improve cross-border productivityborders as advantageously as Export De-control and Licensing and operations; and eliminatepossible for Honeywell, our Customer Duty Preference Requestcustomers, and our suppliers while Transaction Structuring and Approvals regulatory barriers to growth. Regulatory Advice, Advocacy, and Rulingsobeying international trade rules. Productivity and Operational Support Duty Avoidance and Incremental Duty Savings Broker Management and In-house Customs Brokerage Software and Automation Product-line Moves and Technology Collaboration Supply-chain Security Direct Shipments/ Cross-dock Operations Sourcing Decisions/ Vendor-managed Inventory Ensuring Compliance with International Trade Rules Mitigating Risk of Non-compliance Standardized Internal Controls Government Inquiries and Audits HS and ECCN Classification Government Disclosures Internal Risk Assessments and Remedial Action Plans Submissions to Government Agencies and Post-entry Audits Cross-functional Training Pre-acquisition Due Diligence and Post-acquisition Integration Enabling Growth and Increasing Productivity from a Foundation of Compliance
  • 8. Components of Honeywell EU Trade Strategy CENTRALIZED CUSTOMS Optimized trade operations AUTHORIZED ECONOMIC OPERATOR CERTIFICATION Faster bo