Tariffy provides an AI-assisted tool for accurate classification of Harmonized System (HS) codes, enhancing compliance in international trade. By leveraging a dataset of over 100,000 documents and 1 million import data sources, it enables users to efficiently classify thousands of shipments while ensuring final decisions are made by licensed customs professionals.
Funding
Funding not disclosed
Founders
Product
Problem
Classifying goods with Harmonized System (HS) codes for international trade can be complex and time-consuming, leading to compliance issues and potential delays in customs clearance. Inaccurate classifications can result in incorrect duty calculations, penalties, and disruptions to the supply chain.
Solution
Tariffy offers an AI-powered tool designed to streamline and improve the accuracy of HS code classification. By leveraging a large dataset of trade documents and import data, the platform assists users in efficiently classifying shipments. The system provides suggestions and insights to help users navigate the complexities of HS codes, while emphasizing that final decisions should be made by qualified customs professionals. Tariffy aims to enhance compliance and reduce errors in international trade by providing an accessible and intelligent classification assistant.
Target Audience
The primary target audience includes businesses involved in international trade, customs brokers, and compliance professionals who need to accurately classify goods for import and export.
Features
- AI-assisted HS code classification using machine learning algorithms
- Extensive dataset of over 100,000 documents and 1 million+ import data sources
- Multilingual support for various countries including USA, European Union, Great Britain, Canada, China, and Japan
- Integration into existing workflows for increased productivity
- Coverage of a wide range of item classes