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MarkIt
MarkIt provides an AI‑driven trade compliance platform that automatically classifies products with Harmonized System (HS) codes. The solution combines OCR, NLP, and supervised machine‑learning to deliver 98‑99% accurate classifications in real time, integrates with ERP systems via APIs, and generates audit‑ready reports and risk scores.
Updated 6 months ago
Funding
Raised to date
$500KRaised 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.
Funding rounds are not available yet.
Founders
Product
Problem
Enterprises that import and export goods must assign Harmonized System (HS) codes to each product. This manual classification process is labor‑intensive, prone to human error, and often leads to compliance breaches, delayed shipments, and costly audit findings.
Solution
MarkIt delivers an AI‑driven trade compliance platform that automates HS‑code classification across all product catalogs. By combining OCR extraction, natural‑language processing, and supervised machine‑learning models, the system generates classification decisions with 98‑99% accuracy in real time. Integrated risk‑screening rules flag high‑risk entries, while immutable audit trails satisfy customs authorities and internal governance. The solution plugs into existing ERP ecosystems (e.g., SAP, Oracle) via RESTful APIs, enabling continuous, enterprise‑scale compliance without disrupting operational workflows.
Target Audience
The primary customers are multinational manufacturers, import/export divisions, and logistics providers that require high‑volume, accurate customs classification and audit‑ready compliance reporting.
Features
- End‑to‑end OCR pipeline that extracts text and tabular data from invoices, packing lists, and customs filings.
- Supervised ML models trained on global HS code datasets, delivering >98% classification confidence per item.
- Real‑time risk scoring engine that applies regulatory rules (e.g., CF‑28/29) to highlight potential violations.
- Automated generation of compliant classification reports and immutable audit logs for regulatory review.
- Seamless ERP integration through pre‑built connectors and customizable API endpoints for SAP, Oracle, and other systems.
- Batch processing engine capable of handling tens of thousands of line items per day with built‑in throttling and retry logic.
- Dashboard with live classification streams, accuracy metrics, and exception management for compliance teams.
- Enterprise‑grade security, including role‑based access control, data encryption at rest and in transit, and compliance with HS code standards.