Accounting Comparison
Global trade remains one of the last frontiers where upgrading and optimizing business systems can create very significant financial and operational gains, giving corporations an additional strategy to create competitive advantage.

Consider this comparison with accounting processes.

Error rates in global trade processes approach 10 to 20 percent. The effective control of global trade processes is often 100 to 200 times worse compared to accounts payable processes in the same company (see Creating a Competitive Advantage in Global Trade). Surprisingly, this fact has gone unnoticed by many executives and the costs of ineffectiveness are growing.

Industry-Wide Epidemic

Global trade operations are notorious for their reliance on manual processes. They are overworked, understaffed, and typically using outdated technologies. Many international professionals simply have too much to do and not enough staff or resources to do it with. We call it the Operational Performance Gap. This gap is an industry-wide epidemic that is responsible for non-compliance, incorrect declarations, and inaccurate financials — all of which can put you and your company at serious risk.

Trade Growth
World Trade volume continues to grow at a dizzying pace. Total international trade grew from $3 trillion in 1990 to $9 trillion in 2005. The consulting firm McKenzie & Company recently estimated that international trade will reach $70 trillion by 2025. Is your global trade operation ready to keep pace?

One Chief Financial Officer said his import operation was "a big black hole," that he didn't have visibility and control of the processes. He commented that GDM completed an "exhaustive review and did a phenomenal job" identifying errors on more than 20% of our imported transactions. He said, "It was shocking to me the amount of errors they identified."