Comtrade Audit is a platform that integrates legal and supply chain technology to automate the organization and auditing of import-export operations, ensuring compliance and calculating potential fines. It provides services such as cargo insurance, financing, and pre-shipment inspections across more than 85 countries, addressing the complexities of international trade management.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies involved in import and export lack complete foreign trade records, leading to potential fines and financial losses. The complexities of international trade regulations and the need for meticulous documentation make compliance a significant challenge. Identifying and rectifying errors before audits is crucial to avoid penalties.
Solution
Comtrade Audit is a unified legal and supply chain technology platform designed to automate the organization, auditing, and recovery of import-export operations. The platform calculates potential fines, enabling businesses to proactively address compliance issues before official audits. It facilitates the recovery and reconstruction of files from previous years and secures fixed asset inventory management. Additionally, Comtrade Audit offers integrated services such as cargo insurance, trade financing, pre-shipment inspections, and supplier verification across a network spanning over 85 countries, providing a comprehensive solution for international trade management.
Target Audience
Comtrade Audit primarily serves companies engaged in international trade, including importers, exporters, and businesses involved in nearshoring, who seek to ensure compliance, optimize their supply chains, and mitigate financial risks associated with trade operations.
Features
- Automated auditing of import-export operations to identify potential fines and compliance issues
- File recovery and reconstruction capabilities for historical data
- Fixed asset inventory safeguarding
- Integration of legal tech and supply chain tech for comprehensive trade management
- Cargo insurance options with coverage against losses, damages, and delays
- Trade financing solutions, including international payments, currency risk coverage, and supplier financing
- Pre-shipment inspections and supplier audits in over 85 countries
- Real-time visibility and tracking of shipments via IoT devices
- Integration with ERP and SCM systems for data-driven decision-making