SAP Global Trade Service (GTS)
SAP Global Trade Services (SAP GTS) not only automates trade processes, but also enables companies to manage large numbers of business partners and high volumes of documents – while also helping to ensure compliance with changing legal regulations. It further facilitates global trade by providing the required tools to respond to governments’ trade modernization initiatives, by for example including technology to enable electronic communication with customs authorities.
In short, SAP GTS helps you to avoid costly delays in your import and export processes, respond quickly to global business opportunities, and mitigate financial and compliance risks.
SAP GTS Customs Management enables the electronic exchange of customs documents with the customs authorities for import, export and transit processes.
SAP GTS Preference Handling supports the monitoring and optimizing of value flows in international trade.
SAP GTS Restitution Claim handles the complex gathering of amounts of products eligible for restitution in the export process, assigns it to a license in order to provide the necessary data, and handles the appropriate reporting to the relevant authorities.
SAP GTS Letter of Credit provides support for calculating and handling financial commitments such as letters of credit and bank guarantees, thus enabling companies to handle multiple letter of credit processes in inbound and outbound flows.
SAP GTS Compliance Management facilitates compliance checks against applicable regulations and statutory requirements.
- Because of the following reasons, it is crucial that GTS integrated to your ERP system:
- National and international laws require compliance with denied party lists or embargoes.
- Items such as dual-use products and ITAR goods need export permissions.
- International just-in-time supply chains require fast and cost-effective customs handling.
- Reduction of financial risk through inbuilt letter of credit capabilities.
- Inbuilt preference agreements capabilities linked to other relevant business systems.
- Inbuilt capabilities with respect to CAP restitution, again linked to other relevant business systems.
- The ability to drive process efficiencies through integration, automation and standardization.
- Cutting the costs, time and risks associated with compliance and international trade laws.