Earlier this month, Amber Road and The Journal of Commerce broadcasted a webinar on Cutting Complexity from China Trade: Using CTM Software to Navigate Local Regulations. Our presenters, Ty Bordner and Kae-Por Chang (both of Amber Road), received several questions throughout the webinar, but did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document – here is a preview:
- When a China regulation update is released by the Chinese government, how quickly is it loaded into CTM?
In general, the update is done immediately.
- We talk a lot about data driving successful automation and GTM is obviously no different. Can you talk about whether getting quality data is easier or harder in China? What are some of the potential hurdles companies face in terms of data?
We really don't see much difference between China and the rest of the world regarding the ability to get quality data. Of course, quality data is the fuel for a GTM/CTM software application. One of the capabilities that these kinds of systems provide is to improve the quality of the data. Things like validating the HS number to make sure it is legitimate. Storing master data so that it can be vetted and reused for future transactions - thereby improving quality, or even invoking a complete set of data validation rules, both government and company rules, against the transaction data. In essence, GTM/CTM systems are a vehicle for improving the quality of the data and thereby creating value.
Click here to view the entire Q&A document.
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