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SAP Global Trade Services
Simplifying International Trade and Facilitating Tighter National Security
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Highlights |
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AMR Research Alert
This report (PDF, 179 KB) from AMR Research examines stricter customs regulations -- and mentions new capabilities from SAP that meet these trade requirements.
ARC News Report
Read this report (PDF, 188 KB) and find out what a senior analyst from ARC Advisory Group had to say about SAP GTS.
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Although global trade has experienced a compound annual growth rate of 9.3% during the past 20 years, many companies still rely on outdated manual processes and paperwork for international business. These time-consuming, error-prone methods are incapable of handling the complex challenges of global trade.
To conduct business in other countries, your company must comply with local laws, satisfy trade security measures, meet documentation requirements, understand complicated tariffs and duties, and coordinate the involvement of all parties. Handling these responsibilities manually increases the risk of failure -- and failure can be costly when trading across borders. In fact, the inefficient administration of customs regulations and documents accounts for 7% of the cost of international trade, according to a 2001 United Nations study.
That's $420 billion lost annually on a global basis.
Driving Efficient Cross-Border Commerce
With SAP Global Trade Services (SAP GTS), you can lower the cost, and reduce the risk, of doing business internationally. This solution helps companies standardize and streamline trade processes across their entire enterprise and business units. And it fosters use of shared data and shared collaboration knowledge, replacing high-maintenance manual processes.
SAP GTS manages the complexities of global trade and ensures full regulatory compliance. The solution helps reduce buffer stock by improving transparency throughout the supply chain -- sharing cross-border trade information will all partners, including freight forwarders, insurance agencies, banks, and regulatory entities.
SAP GTS helps you avoid supply chain bottlenecks, costly production downtime, and errors that can result in expensive penalties -- and even revoked import/export privileges. So you can compete, and succeed, in the highly competitive global marketplace.
Want to learn more? Contact the SAP sales office nearest you.
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