WATERLOO, Ontario, May 8, 2018 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Vigilant Global Trade Services, specialists in providing global trade compliance managed services programs to Fortune 100 companies and others, is using Descartes CustomsInfo™ and Descartes MK Denied Party Screening™ solutions to help ensure their clients comply with ever-changing global trade regulations.
"Vigilant helps clients transform reactive and unsupported compliance programs, into proactive, efficient and strategic global trade compliance programs," said Derek Abramovitch, Chief Relationship Officer, Vigilant Global Trade Services. "Accurate and efficient worldwide product classifications and screening of business partners and transactions for restricted or sanctioned parties are fundamental building blocks of successful global trade compliance programs. Descartes provides us the content and technology tools to automate these processes so that we can focus on applying our domain expertise in value-added areas to help our clients improve operational efficiencies, minimize disruptions to their supply chain, mitigate risk and find opportunities to reduce compliance related costs."
Global trade compliance is critical to overall supply chain performance and strategic companies are leveraging trade compliance programs to increase the speed and transparency of their supply chains while reducing costs. Companies must support a plethora of Free Trade Agreements (FTAs) and complex Preferential Trade Programs, respond to increased Customs and Border Protection (CBP) Requests for Information, while keeping up with changes to country- and industry-specific regulations, and frequently-updated sanctioned party lists.
The integrated Descartes CustomsInfo and Descartes MK Denied Party Screening solutions provide research, decision support, and automation capabilities to effectively manage worldwide product classifications, customs compliance, FTAs, denied party screening, and other processes required to demonstrate reasonable care in compliance with trade regulations. The solutions also help companies to decrease duty spend, avoid compliance fines and penalties, and meet the unique demands of different industry sectors.
"We're pleased that our global trade content solutions are helping Vigilant deliver strategic technology-enabled compliance programs for clients worldwide," said Joely Callaway, Vice President, Product Management, Customs Content at Descartes. "Our cloud-based content solutions help organizations work smarter by uniting compliance professionals and the systems they use with the trade data they need to streamline international commerce."
About Vigilant Global Trade Services
Vigilant Global Trade Services, LLC is the trusted provider of global trade compliance Managed Services Programs and Global Trade Management solutions for the Fortune 100 and other trade compliant conscious companies. Leveraging industry and technology expertise, Vigilant provides client specific, trade compliance Managed Services Programs which mitigate risk, minimize disruptions to operations, improve operational efficiencies while ensuring compliance with ever-changing global trade rules and regulations. For more information, visit http://www.vigilantgts.com.
About Descartes Systems Group
Descartes (Nasdaq: DSGX) (TSX: DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom, the number of records the Descartes Datamyne is growing by; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes' most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake
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