Pax AI

Executive Summary

Pax AI offers an advanced AI-powered solution specifically designed for duty drawback processes. Leveraging artificial intelligence, the platform streamlines the complex task of recovering duties paid on imported goods that are subsequently exported or destroyed. With its ABI (Automated Broker Interface) certification, Pax AI ensures seamless and compliant electronic filing with U.S. Customs and Border Protection. This innovative approach enables businesses to achieve significantly higher recovery rates, boasting a 15% increase compared to traditional, manual methods. The solution aims to optimize financial returns and enhance efficiency in tax compliance for international trade, reducing manual effort and minimizing errors in the claim process.

Use Cases

• Automating duty drawback claims for exported goods.
• Maximizing recovery of import duties paid on re-exported items.
• Ensuring compliance with U.S. Customs and Border Protection regulations.
• Streamlining the duty drawback process for international traders.
• Identifying and claiming missed drawback opportunities.

Features

Visibility

• Claim Status Tracking: Monitor the real-time status of all submitted duty drawback claims from submission to recovery.
• Recovery Performance Analytics: Visualize and analyze the financial impact and efficiency of duty drawback recoveries over time.

Intelligence

• Automated Claim Identification: AI automatically identifies eligible transactions for duty drawback claims based on predefined rules and historical data.
• Optimal Recovery Calculation: Calculates the maximum recoverable duty amounts based on complex regulations, tariffs, and submitted trade data.
• Compliance Validation: Ensures all claims adhere to U.S. Customs and Border Protection requirements and minimizes audit risks.

Technical Specifications

Deployment

SaaS

Pricing

Target Customer

Mid-Market,Enterprise