BITE Data

AI-powered trade compliance and risk management.

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Description

BITE Data is a software-as-a-service platform designed to streamline trade compliance processes for businesses. It provides a suite of tools for automated screening of people, companies, products, and commodities against various global watchlists and regulations. The platform leverages AI to offer risk analysis and insights, helping organizations identify potential issues related to denied parties, sanctions, forced labor, and other trade-related risks.

It also facilitates compliance training and allows for the visualization of data through dashboards. BITE Data aims to make complex trade compliance accessible and manageable, offering solutions for pre-screening, managing restricted parties, ensuring import/export adherence, and conducting trade audits, ultimately helping businesses avoid fines and navigate international trade regulations more effectively.

Key Features

Automated Screening: Search people, companies, products, and commodities against global watchlists and regulatory data sets.
AI-driven Risk Analysis (Ask AI Guide): Examine entity risk factors and receive AI-guided insights for compliance.
Compliance Training (BITE U): Access specialized modules for trade compliance education and training.
Data Visualization (BITE Viz): Create and utilize data dashboards to monitor and analyze compliance metrics.
Automated Monitoring: Automate and track screening processes for user-uploaded data and documents.
API Access: Integrate BITE Data's screening and compliance functionalities into external systems (available with Enterprise Plan).
Document Screening: Screen supplier forms, customs forms (e.g., ACE, ABI), bills of lading, and bills of material for potential risks.
Multi-Team Management: Supports multiple teams within an organization for larger scale compliance operations (Pro and Enterprise plans).

Use Cases

Pre-Screening: Conduct due diligence on suppliers, vendors, and other business partners.
Restricted Parties Screening: Ensure compliance across multiple industries by checking individuals and entities against denied party lists.
Imports & Exports Compliance: Protect against regulation fines and penalties related to international trade.
E-Commerce Compliance: Adhere to package regulations and trade restrictions for online sales and shipments.
Trade Audits: Check transaction compliance, identify potential risks, and maintain audit trails.
Affiliate Tools Integration: Share and extend compliance tools with a wider audience or partner network.

Frequently Asked Questions

What is BITE Data?

BITE Data is a SaaS platform that simplifies trade compliance by providing automated screening tools, AI-driven risk analysis, and regulatory compliance solutions for businesses of all sizes.

Who can benefit from using BITE Data?

Exporters, importers, logistics companies, compliance officers, and supply chain managers can all benefit from BITE Data’s comprehensive trade compliance tools designed for both SMEs and large enterprises.

Is BITE Data affordable for small businesses?

Yes, BITE Data offers flexible, pay-as-you-go pricing models and tiered subscriptions to accommodate businesses of all sizes, ensuring even small businesses can afford robust compliance tools.

Can I try BITE data before committing to a plan?

Yes, BITE Data offers a free trial so you can explore its features and functionality before committing to a subscription plan.

Do I need a long term contract?

No, BITE Data offers flexible, no-contract options, allowing you to pay as you go and scale your compliance needs as your business grows.