Global Trade Services (GTS)
LogisticsDefinition
An SAP application that automates global trade processes, manages compliance with international trade regulations, and enables companies to handle large volumes of trade documents and partners efficiently.
Detailed Description
SAP Global Trade Services (GTS) is a comprehensive solution designed to streamline global trade processes, ensure compliance with international trade regulations, and mitigate risks associated with international trade operations. It integrates with a company's existing ERP system to automate trade processes, manage trade compliance, customs, and risk management, allowing organizations to adapt quickly to regulatory changes and optimize global supply chain efficiency.
Key Features
- Automated trade compliance checks
- Customs management
- Integration with SAP ERP and non-SAP systems
- Real-time monitoring of global trade activities
- Risk management
- Trade document management
Common Modules
Compliance Management
Manages embargo checking, legal control, and screening of business partners to ensure compliance with international trade regulations.
Customs Management
Automates customs declaration processes and manages import/export duties to optimize customs operations.
Risk Management
Identifies and mitigates risks associated with global trade, such as sanctions, embargoes, and trade restrictions.
Popular Implementations
Automated Compliance with SAP GTS
A multinational corporation implemented SAP GTS to automate compliance checks across its global operations, reducing manual workload and ensuring adherence to regional trade laws.
Streamlining Customs Processes
An export-oriented company used SAP GTS to streamline its customs declaration processes, resulting in faster clearance times and reduced costs.