SAP GTS Introduction
GTS stands for Global Trade Services and is a standalone SAP Apps
that replaces the existing foreign trade functionality in R/3 SAP. To conduct
business in other countries, Business must comply with local laws, meet
documentation requirements and understand complicated tariffs and duties.
Failure to do so can be costly so and GTS helps automate these processes to
ensure compliances. SAP GTS is an ERP Based solution meant for companies which
are mainly into Global Operation. Corporations which have trading contracts
with wide network of partners across the world with operations in different
countries are likely to use this application.
In todays global markets, outbound shipments have to clear customs
fast. That means ensuring that products are correctly classified and have the
required complete and accurate documentation. Plus there s the challenge of
mandatory electronic filing via the Automated Export System (AES) directly to
U.S. Customs. Also, with the spread of global terrorism, export processes are
subject to closer scrutiny than ever before.
For business with partners overseas, it s essential to ensure that
they are dealing with the right people, countries, and products. Business has
to identify restrictions on specific items, countries of destination, and
business partners, and there are host of regulations to comply with - and
severe penalties for noncompliance. In addition, to survive in todays fiercely
contested global markets, Business cannot afford to pass up the opportunities
offered by trade preference agreements. Business needs to provide detailed
certification of the origin of their goods to their overseas customers.
GTS architecture how it communicate to Feeder System , all the
master data like Material, customer vendor and all the transaction data like
sales order delivery billing doc get pushed to GTS through RFC Call. And any
message back to Feeder system flows through RFC call.
Business Benefits of SAP GTS
Reduce Risks of Noncompliance
To keep Business exports in line with statutory regulations, SAP
GRC Global Trade Services lets Business screen business partners against
official sanctioned- party lists
Easily Classify Products
With SAP GRC Global Trade Services, Business can automate and
streamline product classification Meet Complex Documentation Requirements
With SAP GRC Global Trade Services, Business can identify all
documents needed for a specific transaction, including those required by the
EAR and by government agencies such as the U.S. Department of State
Handle Electronic Communication
SAP GRC Global Trade Services delivers the AES-certified
functionality needed by Business
Make the Most of International
Agreements
With SAP GRC Global Trade Services, Business can effectively
handle trade-preference processing within the scope of Free Trade Agreement )
Mitigate Financial Risk
SAP GRC Global Trade Services also provides support for commonly
used types of international payment (such as letters of credit), helping make
sure invoices are paid.
SAP Foreign Trade and/or SAP Global Trade Services (GTS) provides
the tools you need to compete effectively in today s market. This enables you
to:
1) Manage import and export processes, integrating
them effectively into the Supply Chain.
2) Automatically identify licensing requirements for
importing and exporting goods based on current regulations.
3) Simplify reporting with automatic procedures for
creating, printing and submitting declarations to the customs authorities.
Contact Address:
Magnific Training
call:+91-9052666559
mail:info@magnifictraining.com
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