Automate, accelerate, and provide support for foreign trade management
Success in foreign trade requires flexibility, speed, transparency, and efficiency. For this, companies must control all international trade processes and customs requirements. Comprehensive, end-to-end, coordinated processes can be mapped with intelligent, integrated solutions.
SAP Global Trade Services (SAP GTS) is a flexible, sophisticated platform for controlling all customs and foreign trade processes. It enables companies to centralize and automate compliance with global trade regulations and fulfills all business requirements for import, export, preference management, and customs processing – seamlessly integrated into SAP ERP and SAP S/4HANA as well as non-SAP ERP systems. In valantic, you have an experienced partner at your side for implementing optimized foreign trade management. We assist companies in all industries with our specialized knowledge and technology expertise.
SAP GTS is integrated into the logistics processes in ERP, so that compliance checks are done in real time. The result: Companies move their products faster and gain a competitive edge. The solution also supports global sanction list checking in sales, finance, HR, procurement, and distribution. In the event of a hit, SAP GTS locks the document and initiates further checks right away. Locked documents can be edited efficiently using work lists. User-friendly workflows control the escalation of unclear entries.
With the SAP foreign trade platform, companies also automate compliance with and management of embargoes on goods and services, product-related compliance checking for approval requirements, and the management of approvals. This way, they simplify and ensure their compliance management.
SAP GTS ensures compliant, efficient export management thanks to the seamless connection to core logistics processes. This mainly concerns sales and purchasing processes in SAP Sales and Distribution (SAP SD) and SAP Material Management (SAP MM), transport management in SAP Transportation Management (SAP TM) and warehouse management in SAP Extended Warehouse Management (SAP EWM). Thanks to direct integration into SAP TM and SAP EWM, companies benefit from the innovative functionality of SAP Advanced Shipping and Receiving for shipping goods.
It’s easy to connect SAP GTS to national customs systems via a certified interface. If there is no localization available for a particular country, we can find a suitable solution since valantic is an experienced SAP partner.
Thanks to its integration into procurement and incoming logistics processes, SAP GTS ensures simple and secure handling of the entire import process. As with shipping (outbound), companies can also use the innovative functionality of SAP Advanced Shipping and Receiving functionality when receiving goods (inbound). This is possible thanks to the direct connection to SAP TM and SAP EWM. In addition, import management in SAP GTS supports product classification, review of sanction lists, and approval and customs administration. In addition, import security filing (ISF) can be performed and a connection to the Automated Broker Interface (ABI) of US Customs and Border Protection can be established.
Preferential agreements provide for duty-free shipments and tariff reductions. Companies should take advantage of these financial benefits. SAP GTS makes it easier to account for preferences for both imports to the European Union and exports to the participating countries of an agreement, thus optimizing cash flow. The foreign trade platform determines the origin of preference at the product level. Companies that work with batch, serial, or device numbers achieve the greatest possible savings with the help of SAP Identity-Based Preference Processing (SAP IBPP). SAP GTS also supports negotiations for the sale of shipments to countries of an agreement and in issuing supplier declarations to customers within the EU, so that companies are perceived as preferred partners in their external representation.
SAP GTS offers comprehensive solutions for special customs procedures that help companies to comply completely with specific customs requirements. These include, for example, foreign trade zones, customs warehouses, processing, inward and outward processing, conversion under customs control, and Intrastat.
In the preference calculation, SAP GTS determines the preference origin at the product level. This provision is sometimes insufficient for exporters of complex products working with batch, serial, or device numbers to take full advantage of trade preferences. The solution is SAP Identity-Based Preference Processing (SAP IBPP). With SAP GTS and identity-based preference processing, the preference status for a particular batch or any other indicator can be determined, so that the “worst-case” principle for the preference statement is omitted. In external sales, larger margins, lower prices for end customers and thus more sales are possible.
valantic Supply Chain Excellence