Managing an authorization, be it a license, agreement, exemption or exception, national or open general license is not easy. It’s not just ensuring that the exports not exceed the authorized quantity or value. But a company’s executives have to make sure that all provisos and conditions of the export authorization are strictly followed, including filing periodic reports with the licensing authority when required. Mismanagement of authorizations manually processed may lead to amplified labor costs, lengthier fulfillment cycles, shipment delays, upset customers, and exposure to regulatory penalties and even jail time.
OCR’s Authorization Management™ allows corporations to automatically monitor any authorization, and all documents relevant to international trade. Track fulfillment of licenses in value and duration against documentation of actual shipments and it also provides required government reporting as well as license and agreement review capabilities.
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License provisos, RWA/Denial Reasons, Government reporting requirements, Agreement actions, Sub – Licensee, Foreign Person/ Dual Persons NDA requirements, Congressional Notifications and Other Transactions
Identify License status, also if it is Superseded or Replaced, Terminated by Owner
Once an Agreement submitted from OCR’s Department of State (DOS) Licensing module is approved by the U.S. Government (USG), its status is “Pending Execution”. OCR License Management provides the tools to complete the necessary steps to execute the agreement in accordance with the USG provisos then monitor and manage the activity including creating licenses in furtherance of the agreement when needed.
Full searching and sorting features with search and extract information on flexible user defined parameters