JPMorgan Chase Vastera Releases Latest Versions Of Global Trade Management Software

JPMorgan Chase Vastera, the leading provider of solutions for Global Trade Management (GTM), today announced the availability of TradeSphere Exporter 8.1, TradeSphere Importer 3.5, and TradeSphere Restricted Party Screening 2.4. The newly updated suite of web-based software applications delivers enhanced international shipping and trade compliance functionality, enabling exporters and importers to reap greater cost and time savings associated with the cross-border movement of goods.

TradeSphere is JPMorgan Chase Vastera's flagship solution designed to automate and facilitate critical global trade functions. TradeSphere helps companies strategically manage the information required to trade globally, enhancing the efficient exchange of information and goods among extended members of a client's global trade network. Components of TradeSphere include automated shipment documentation, export and import compliance, customs entry filing, and restricted party screening.

Highlights of the latest features available include:

• TradeSphere Exporter 8.1 - This release of TradeSphere's export management module delivers enhanced export management and compliance capabilities. This all-Java version includes significant functionality enhancements in the areas of restricted party screening, export determination and resolution, invoice consolidation, license management and content logging. Country support has been enhanced for China, India and Singapore. TradeSphere Exporter also features enhanced Canadian export compliance capabilities and improved processes for export declaration generation and encryption report submission.
• TradeSphere Importer 3.5 - TradeSphere Importer provides a framework to monitor, manage, and audit all phases of the U.S. importing process. This release of TradeSphere's import management module provides entry management capabilities to an importer before, during and after the filing process. The process begins with capturing, managing and disseminating product information, including: classification, value, OGA requirement and sourcing information. TradeSphere Importer 3.5 allows the user to manage Purchase Orders, Commercial Invoices and Broker Entries through a single module. The newest functionality provides tools for Post Entry Management to help with post entry filings and liquidation processing. Together these functions provide a comprehensive end-to-end solution for compliant, efficient and profitable import management.
• TradeSphere Restricted Party Screening (RPS) 2.4 - The RPS solution helps companies protect their trade interests by providing screening technology and multi-list management to help prevent illegal domestic and international transactions. Automation of restricted party screening facilitates compliance with government law and eliminates risk of transacting with denied parties which can result in financial penalties, imprisonment, and in some cases loss of a company's privilege to export. Automation of restricted party screening eliminates the need for error prone and costly manual operations. JPMorgan Chase Vastera currently automates screening of over 57,000 restricted names on over 40 distinct entity lists.

"JPMorgan Chase Vastera remains the dominant vendor of trade management solutions through continued investment in our robust software technology," said Bernie Hart, global product executive, JPMorgan Chase Vastera. "Our software strategy is unique to the industry as we leverage the field expertise within our Trade Management Consulting and Managed Services Operations teams to continually tailor and improve the functionality provided to our software customers."

JPMorgan Chase Vastera is the market share leader in the global trade management software space, according to Aberdeen Group, AMR Research and ARC Advisory Group.

About JPMorgan Chase Vastera
JPMorgan Chase Vastera is the worldwide leader in providing solutions for Global Trade Management (GTM). The company's GTM solutions help clients drive cost savings and supply chain efficiencies while improving compliance with government regulations and service levels to end customers. JPMorgan Chase Vastera's GTM solutions include: TradeSphere (software), Trade Management Consulting (business process consulting), and Managed Services (business process outsourcing). With over 400 clients throughout the world, many of the world's largest corporations utilize their GTM solutions. For more information, please visit www.jpmorganchase.com/vastera.