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Digitalization and Integrated Platforms, a Solution for SMEs in Foreign Trade

SMEs often lack access to financing tools or end up contracting very expensive transportation.

T21 Media by T21 Media
20 June, 2024
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Digitization and integrated platforms, a solution for SMEs in foreign trade

In an environment in which high regulations for imports and exports and logistics costs put the vast majority of small and medium-sized companies (SMEs) in check , having digitalization tools can be of great support for your business.

Luis Gerardo Díaz, CEO of Comtrade , highlighted in an interview that around 150 thousand companies carry out import and export activities in Mexico, of which 5% are large corporations, so 95% are SMEs that do not have access to financing or hire very expensive transportation.

“With integrated tools, you can do more automated audits, but above all, give SMEs solutions that integrate the different services, because many times they go with freight forwarding for the transportation part, but you also have to go with a customs agent, to They do not lend them financing, the challenge was to see how to lower all this for this sector,” he said.

He explained that Comtrade began with foreign trade services, for example, the issue of preventive advice so that companies did not fall into administrative errors when importing or exporting, however, as a result of the pandemic everything changed.

For this reason, they developed an integrated services platform for the supply chain , so that, for example, with the level of volume of their clients and operations, they could make better negotiations with suppliers and provide better rates for clients, which It mainly benefits SMEs.

Luis Gerardo Díaz explained that more than 90% of companies that are audited end up paying fines , either for not having complete documents, incorrect documents or bad tax calculations, so this platform also helps companies in trade compliance. , automated audits and analytics.

Likewise, Díaz explained that the platform highlights four main factors: regulation and documentation, so that everything is correct and that companies comply; the transportation part, having access to good suppliers; reduce risk through inspections or prior inspection at origin; and financing.

Comment and follow us on X: @jenna_GH_ / @GrupoT21

Tags: AUDITScomplianceEXPORTATION AND IMPORTATIONFOREIGN TRADELOGISTICS COSTS

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índice de Confianza del Transporte y Logística – Cuarto trimestre 2023 10 destinos de exportación de vehículos pesados 2023 Descubre el Top 10 de destinos de exportación de vehículos pesados en México en 2023 La venta de vehículos pesados rompe récord en 2023 5 marcas de camiones más vendidas