Reduce Your Costs

According to research by WTO and UN Centre for Trade Facilitation, inefficiencies in international trade add as much as 15% to the Landed Unit Cost of a product.

The Halal Exchange™ makes the import-export process as simple as buying from across the street. The Exchange is designed to be win-win for suppliers, buyers and third parties involved with any transaction.

To succeed in the rapidly expanding global Halal markets, you need to have fundamentals such as, excellent products, reasonable prices and superior service. Now you have the opportunity to deliver added value to your clients by eliminating the complexities and extra costs associated with the trade transactions.

According to the World Trade Organization the average international trade transaction involves: 20-30 different parties, 40 documents, 200 data elements (30 of which are repeated at least 30 times). To compound the issue, 60-70% of all data is re-keyed at least once throughout the cycle. The complexities of import-export add as much as 15% administrative overhead to the actual cost of goods.

After nearly 3000 years of trade, the mechanics of international trade have not advanced significantly. The communication media have evolved from letters to telex to fax to e-mails and spreadsheets. However, added pressure from travel time and expense, safety and security, financing, language barriers, specifications, sampling, quality control, inspection, government compliance, duties and taxes, insurance, reliability, delivery and cost unpredictability has resulted in a highly complex and convoluted system. The impact of these complexities on margins places tremendous pressure on organizations. The Halal Exchange™ significantly reduces errors and costs associated with each and every transaction.

• Administrative Cost Reduction: Growth without additional overhead. The system allows personnel to perform tasks more efficiently and accurately.
• Visibility: Real time, simultaneous view to every aspect of the negotiations and transaction for Management and authorized personnel.
• Communication Management: E-mails are automatically sorted and filed based on trade ID number and are easy to retrieve and review.
• Document Management: Automatic archiving of all salient documents including product specifications, images, CAD drawings and all other transaction specific data.
• Information Upload: Inclusion of critical documents, specifications, images and reports.
• Data Access: Accuracy and Speed. No re-keying of data.
• Electronic Information Generation: Automatic integrated generation of core documents including Quote Sheets.