MarkIt is a trade compliance infrastructure platform designed to streamline import workflows for enterprises. The system focuses on managing classification processes, maintaining audit trails, and ensuring trade compliance governance across multiple departments including legal, procurement, and logistics teams.
The platform provides enterprise-grade solutions for managing trade compliance requirements throughout the import process. It handles classification management, which is critical for proper tariff codes and duty calculations. The system maintains comprehensive audit trails to ensure compliance tracking and regulatory reporting. Trade compliance governance features help organizations maintain adherence to international trade regulations and internal policies.
MarkIt operates across three key workflow areas: legal teams use it to ensure regulatory compliance and manage risk; procurement teams leverage it for supplier compliance and import documentation; logistics teams utilize it for customs clearance and shipment tracking. The platform serves as a centralized system for managing all trade compliance activities, replacing fragmented processes with an integrated approach.
The infrastructure is positioned as an alternative to traditional customs brokers and freight forwarders, specifically referencing Flexport's original promise before becoming what the company describes as a "normal customs broker / forwarder." This suggests MarkIt focuses on the technology and compliance aspects rather than physical logistics services.
Key Features
- •Classification management system for proper tariff codes and duty calculations across import workflows
- •Comprehensive audit trail functionality for compliance tracking and regulatory reporting requirements
- •Trade compliance governance tools ensuring adherence to international trade regulations
- •Cross-departmental workflow integration supporting legal, procurement, and logistics teams
- •Enterprise-grade infrastructure designed as an alternative to traditional customs brokers and freight forwarders