LONDON, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that it facilitated the successful submission of the first import ...
LONDON, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that it facilitated the successful submission of the first import declaration via Her Majesty’s Revenue and Customs’ (HMRC) new Customs Declaration Service (CDS) in the UK.
CDS is the new system for managing import and export customs declarations, replacing HMRC’s legacy Customs Handling of Import and Export Freight (CHIEF) system. Following the technical release of CDS in August 2018, Descartes worked closely with HMRC to prepare Descartes customers for making declarations using the new system. With the success of the first import declaration submissions beginning September 3rd, 2018, Descartes is now focused on helping companies transition to CDS.
“We’re honoured that our software was used to successfully submit the first CDS import declaration. This is a critical milestone in the development of CDS,” said Martin Meacock, Director of eCustoms Product Management at Descartes. “Differences between CDS and CHIEF are not only technical, but also concern the rules of completion and data required to comply with the EU Union Customs Code (UCC). We’ve worked closely with HMRC and our customers to meet current requirements and will be introducing new features to facilitate additional CDS import and export functionality in future releases.”
The combination of Descartes’ cloud-based customs compliance solutions and the world’s most extensive logistics messaging network, the Descartes Global Logistics Network™, helps organizations collect and process the data required by border crossing and revenue authorities. Descartes constantly monitors the regulatory changes these governments’ agencies enact, such as the UCC, to help customers process customs filings efficiently and without disrupting the flow of goods across borders.
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.
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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; 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 or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Source(s) : The Descartes Systems Group Inc.
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