One of Deepbridge Capital's Technology Growth EIS Companies, Hurricane Modular Commerce Limited, has recently agreed a strategic partnership with AEB (International) to provide the complete cross-border e-commerce solution.
Martyn Noble, CEO of Hurricane Modular Commerce, commented:
“This partnership makes total sense, especially for high-volume e-commerce customers who will benefit from the high-speed data solutions provided jointly by Hurricane and AEB. Harnessing data to streamline and automate the cross-border e-commerce journey is vital in today’s highly regulated landscape. Regulatory events in the last 18 months including Brexit, the EU’s abolition of the VAT exemption on low value goods, the introduction of the EU’s Import One-Stop Shop (IOSS) and the greater enforcement of the US STOP Act, have meant that complete, accurate and compliant data is now a must-have for anyone wanting to succeed in global eCommerce. We are looking forward to working closely with the team at AEB to identify appropriate customer opportunities where the combination of our respective services can be most beneficial.”
The two companies will work together to provide efficient, high speed and accurate data validation for customs clearance. AEB offers cloud-based global trade software to remove the barriers of trading across customs borders and controls. This includes a full customs platform providing direct filing for export and import declarations and access to an integrated network of customs brokers with automated data exchanges via plug-ins, APIs or file uploads, or manual entry.
Geoff Taylor, Managing Director of AEB (International), said:
“AEB is committed to providing our customers with the best-in-class cross-border eCommerce solution. The collaboration with Hurricane Commerce, a data specialist, ensures that both our businesses continue to be at the cutting edge of meeting the requirements of the cross-border eCommerce marketplace. Together our solution will enable frictionless cross-border trade.”
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