Netcompany-Intrasoft offers a comprehensive risk analysis capability which can be configured to address a variety of different customs needs - both real time (TRA – Transactional based Risk Analysis) and batch oriented (BRA - Behavioral based Risk Analysis) - such as trader accreditation, clearance, pre-clearance and anti-smuggling, post-clearance audit case selection, passenger screening, generation of business intelligence information and more.
Clearance risk analysis is one the key aspects of ERMIS Compliance. Most customs clearance systems have some elementary level of point scoring capability to support the basic clearance requirement of categorising shipments into several risk channels. However, this elementary capability is insufficient when dealing with today’s threats and challenges, mainly because it is not sophisticated enough to detect less obvious risks, but also because it is not flexible enough to meet the constantly changing face of risk, as it typically draws from a limited data set and is not linked to an overall risk profile of the trader as a whole. ERMIS Compliance provides the enhanced risk analysis that is necessary to meet the customs challenges of today.
Another major asset of this component is in the development of multi-dimensional risk profiles of ‘risk objects’ – traders, passengers, transporters etc. The different profiles generated by the risk analysis engine of ERMIS enable customs officers to focus on different aspects of risk according to the different situations they are confronted with – for example one profile might be more relevant when accrediting traders, another when selecting traders for post-clearance financial investigation, and yet another for intelligence related work.
Machine Learning models play an increasingly important role in risk analysis. ERMIS Compliance can make use of ML models as part of its risk analysis flow factoring in their output in the overall process. ML models can either be trained within the system or trained in client’s existing system and then either invoked from within the ERMIS Compliance or on-boarded into the system.
The key benefits of the ERMIS Compliance Component include:
- increased organisational efficiency and efficacy in that limited resources need only be allocated to cases with high priority need for attention, seen in the context of the ruling compliance policy and organisational objectives (e.g. trade facilitation against the need to ensure public security);
- exceptional configurability – which amongst other things enables the system to:
- be used both in real time and on batch situations – thereby enabling coverage of all customs’ risk requirements;
- analyse risk in a multitude of different dimensions concurrently, providing a variety of risk perspectives from which the user may plan and undertake compliance and enforcement activities;
- handle complex, multi-dimensional data sets with, amongst other things, a complex periodic structure;
- be configured to handle any declaration types when used in the clearance context.
- ability to link pre-clearance and clearance risk analysis into a broader context of trader risk – both by enabling transaction-oriented risk analysis to feed into the overall development of behavioural trader risk profiles and by enabling the trader risk profiles to influence the risk analysis of the individual transactions;
- high throughput of processing.