KUALA LUMPUR, Oct 25 (Bernama) -- Eurora Solutions, the provider of a leading artificial intelligence/machine learning (AI/ML) backed cross-border trade compliance platform, has launched a partnership with DPDgroup, one of the world’s leading parcel delivery networks.
According to a statement, this partnership will enable DPDgroup, which delivers 2.1 billion parcels yearly, to enhance its quality and compliance processes while lowering the costs of customs processing.
“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.
“Years of scientific research and developing machine learning capabilities have allowed Eurora to demonstrate that we are trusted by the logistics and postal industry,” said Eurora founder and group chief executive officer Marko Lastik.
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 European Union, the United Kingdom, and the United States.
For the next step, both companies are looking towards extending the geographical coverage of export compliance services, namely to the Middle East and Asia.
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.
-- BERNAMA
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