Support multi-national trading processes
In today's globalised marketplace, organisations are becoming increasingly involved in and influenced by foreign trade. However, cross-border transactions are becoming ever more complex, involving regulations, licenses, import tariffs and an increasingly amount of paperwork required by regulatory bodies and government agencies.
Further to this organisations also face pressures to reduce supply chain costs, increase speed and efficiency and improve cash flow. Visibility of accurate, real-time data is essential to addressing these challenges. Failure to do so can result in severe regulatory penalties and impact brand value and customer retention levels.
Processes are required to support worldwide import and export trade processes, as well as operations within specific regional trade areas. They should also automate administrative tasks, freeing shipping and receiving departments to concentrate on moving products quickly.
With Global Trade Services, supply chains can be optimised to quickly respond to demand, while facilitating innovation and collaboration in support of growth and the bottom line.
Business benefits
- Reduce the risk of non-compliance: Have the right tools in place to ensure easier compliance with legal requirements and reduce the risk of manual errors to minimise potential inaccuracies in associated reporting.
- Centralise and integrate processes: Reduce duplication and reporting errors by deploying multiple standalone applications onto a single platform that delivers integration capabilities. Decrease the cost and resource associated with maintaining multiple systems.
- Accelerate cross-border movements: Reduce supply chain costs by minimising the risk of blockages and delays in product movement that can arise as a result of incomplete or inaccurate documentation.
SAP Global Trade Services enable companies to standardise trade processes across SAP and non-SAP systems. This consolidation secures global supply chain operations and enables electronic communication with government IT systems to streamline cross-border trade, adapt quickly to changing regulatory requirements and gain sustainable competitive advantage for businesses.
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