Frequently asked questions
All your questions answered by our speakers and C4T experts!
As we mentioned in the example, it’s a matter of having an overview of your broker costs and looking at the amount of declarations you are lodging, and then you can build that business case. On average we see a 40% to 80% cost saving, based on an analysis we have done on our customer base. Within the example, there was already a €150.000 cost saving for only 6.000 declarations, so that speaks for itself.
Some recommendations from our side:
Involving the IT and finance departments as soon as possible in the process. Make sure procurement is aware of this going on. Don’t stay on your own island of the customs team, but involve the people that are needed to make the decision. Be aware of the decision makers in your company
Build a solid business case by looking into the data of how much declarations your doing, how much your spending currently.
The most interesting part is not only about cost savings and compliance, but it’s about taking control of your own business again. If we talk to prospects, we see that their declarations filed by brokers are not always optimised: valuation that is not correctly calculated, they are overpaying duties, doing Inward Processing in a non-compliant way with the risk of getting fines. For us, the main benefit next to the savings and compliance is to be able to take control back over your own data and your own system and owning the process again.
The compliance part. Brokers are not always lodging compliant declarations. Take responsibility yourself and own the process.
Self-filing gives you the opportunity to go more in-depth on customs processes. You can use the time that you free up to work on other cases like preferential treatment, looking into your potential for Special Procedures.
You have a future-build solution. With all the migrations of customs systems and all the digitisation going on. The EU wants to have a Customs Data Hub where you have all your data readily available in one datacenter. By doing self-filing, you prepare yourself for the future.