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SAP ERP
Operations: Cross Functions
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Global Trade Services
As countries move increasingly toward a
global market economy, businesses become more involved in and
influenced by foreign trade. This affects not only the vendor and
customer relationship, but that of foreign subsidiaries within a
single company. With this opening of market opportunities come
regulations, licenses, import tariffs, and an increasing amount of
paperwork required by government agencies and other legal entities.
SAP provides extensive support for world-wide export/import trade
as well as deliveries within specific trade areas (such as the EU
or NAFTA), thus automating the burdensome paperwork and freeing
your shipping and receiving departments to concentrate on moving
products quickly.
SAP provides a solutionthat helps customers eliminate costly fines and
penalties of non-compliance. It expedites customs clearance,
reduces buffer stock and improves customer service levels by
managing end-to-end trade processes. Additionally, the solution
helpsimprove competitiveness in global
marketplace through reduced duty rates by helping companies utilize
the benefits of regional trade preference agreements e.g. NAFTA.
And it provides mechanisms to ensure that all parties involved in
cross-border trade meet their contractual obligations and helps
mitigate financial risks while trading on a global
scale.
The
solution enables companies to establish one corporate-wide standard
for trade processes across SAP and non-SAP systems, secures global
supply chain and facilitates electronic communication with
government IT systems to streamline cross-border trade and gain
sustainable competitive advantage for businesses. It can be
implemented quickly to gain faster ROI and due to its composite
nature be easily adapted to meet changing business and regulatory
requirements.
Further
Information
Please visit the SAP
Service Marketplace to get further information on
SAP Global Trade Services
.
Please note that you need SAP GTS as further shipment
besides SAP ERP if you want to use these business
processes.
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Global Trade Services
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Export Management |
Export Management contains the complete logistical outbound supply chain from a trade compliance and customs perspective.
Trade compliance is ensured through specific services like sanctioned party list screening, export control and embargo check
which can be flexibly assigned to every part of the supply chain. It automates and expedites the export related custom processes
by collecting the required data from various areas of company and exchanging the information with the Custom Authorities in
the right format and at right point of time. The services from GTS can be used along the outbound supply chain to accelerate,
automate and secure your trading processes. As the platform for trade related data and services, GTS gives the flexibility
to react quickly to the ever changing laws and regulations in the area of global trade.
For further information on export management, see:
SAP BusinessObjects Global Trade Services
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| Import Management |
Import Management contains the complete logistical inbound supply chain from a trade compliance and customs perspective. Trade
compliance is ensured through specific services like sanctioned party list screening, import control and embargo check, which
can be flexibly assigned to every part of the supply chain. It automates and expedites import related customs processes like
Bonded Warehouse Processing, Inward Processing Relief and Transit Procedures. It enables users to classify products easily,
calculate accurate customs valuation and enables companies to directly communicate with the different customs authorities
in the required formats and procedures. As the platform for trade related data and services, GTS gives the flexibility to
react quickly to the ever changing laws and regulations in the area of global trade.
For further information on import management, see:
SAP BusinessObjects Global Trade Services
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| Trade Preference Management |
Trade Preference Management determines the eligibility of products for reduced import duty rates. Eligibility is determined
using content-based rules-of-origin detailed in preferential trade agreements between trading partner's countries. Involving
time-consuming vendor-declaration gathering, complex product-content origin analyses, and sophisticated numerical data processing
algorithm, preference determination is costly, error-prone, and risky when done manually or without the aid of a purpose-built
solution. GTS automates this entire process enabling organizations to claim duty reductions and to comply with their customer's
need for vital product origin certification.
For further information on trade preference management, see:
SAP BusinessObjects Global Trade Services
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| Restitution Management |
Restitution Management is a special concern to companies in the food and agriculture industries, because it helps European
Community agricultural exporters recoup subsidies for selling products to non-EC countries at lower-than-normal prices. As
part of the EC's Common Agricultural Policy (CAP), when a company sells (exports) products to a customer in a lower-paying
country, the seller must then apply for this subsidy - called "restitution" - from the EC. Fillingand tracking that application
can be a difficult process. GTS automates this entire process.
For further information on restitution management, see:
SAP BusinessObjects Global Trade Services
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SAP Product Available
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Partner Product Available
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SAP Product Available with Future Releases
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Partner Product Available with Future Releases
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Future Focus
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