Eurora Solutions, the provider of a leading AI/ML (artificial intelligence/machine learning) backed cross-border trade compliance platform, today launched a partnership with DPDgroup, one of the world’s leading package delivery networks.
This partnership will enable DPDgroup, which delivers 2.1 billion packages yearly, to enhance its quality and compliance processes while lowering costs of customs processing.
DPDgroup will use Eurora’s AI/ML-backed platform to automate the allocation of product classification (HS) codes and compliance with the export control rules applied in the US, UK and European Union. The allocation of product classification (HS) codes and export control classification (ECCN code) is a pivotal step within the export process, as they are needed to prove all restrictions and license requirements have been duly checked by the shipper before exporting an item.
Eurora’s compliance platform processes up to 5,000 requests per second with 98% accuracy* – the highest level of accuracy, speed, and automation available on the market. Because of the sheer volume of 10-digit commodity codes, it is impossible to match this speed and cost with manual or hybrid methods, most used today.
Both companies are looking towards extending the geographical coverage of export compliance services, namely to the Middle East and Asia.
“Eurora and the DPDgroup have been closely working together since the beginning of 2022 to elaborate the rules of different jurisdictions, containing a wide range of classification rules and restrictions that have been ‘learned’ by the Eurora machine,” said Marko Lastik, founder and Group CEO of Eurora.
DPDgroup, delivering over 8.4 million parcels worldwide daily, was looking for a solution that would enhance its delivery operations. “In a context where product safety and transport security processes are key, and with growing international activity, we always aim to enhance quality and compliance. Using AI and Machine Learning solutions will help us improve the scalability and reliability of our international operations, while paving the path for future opportunities like new customer services, new geography, and further automation,” said Olivier Tsalpatouros, Senior Director Regulatory & Global Trade Affairs at DPDgroup.
Eurora’s AI uses over 500 million records of training data from real transactions of the world’s largest logistics service providers. The platform can be used by online sellers, marketplaces, logistics and postal companies to automate tax and duty declarations and assign the appropriate HS code.
*Level observed on Eurora’s overall compliance platform solutions in 2022.
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