EAST RUTHERFORD, NJ – Amber Road, a leading provider of global trade management (GTM) solutions, has announced that ABB Group, a leader in power and automation technologies for utilities and industrial companies, has signed a new global contract covering Amber Road’s GTM solution.
The agreement expands the existing ABB Switzerland implementation, enabling the ABB Group of businesses around the world to optimize landed cost analysis and sourcing decisions. The contract also includes a worldwide subscription to provision ABB Group with a centralized repository for harmonized schedule (HS) classification, and import and export controls. The global implementation of the Amber Road solution is expected to go live during the first quarter of 2014.
Single trade content repository to support centralized supply chain logistics
ABB Group is involved in an ongoing drive to centralize its worldwide supply chain and logistics operations. As part of this, it became apparent that it needed to centralize key capabilities related to global trade. Historically, each subsidiary and business handled its own trade functions, which resulted in products often classified differently among the various companies. Such discrepancies exposed ABB companies to the risk of higher duties and taxes and inhibited their ability to leverage preferential programs such as free trade agreements.
ABB Group selected the Amber Road solution primarily because of the depth of its Global Knowledge® trade content database, its industry-leading functional capabilities, and the fast implementation process. Amber Road’s solution is deployed in the Cloud.
Jim Preuninger, CEO of Amber Road, adds: “ABB is yet another example of a forward-thinking company that is taking a strategic approach to global trade by standardizing and centralizing many GTM functions. We look forward to continuing a strong relationship with ABB which was started with a successful engagement in Switzerland.”
For more information, please visit www.AmberRoad.com.