SAP GTS What is SAP GTS? SAP Global Trade Services (SAP GTS) eases the global trade process by managing many numbers of business partners and bulk documents related to them. It keeps updating with the legal changes, and performs works complying with all the legal regulations. SAP GTS helps you responding quickly to many business opportunities globally. It also helps in clearing issues occurring at customs in a timely manner and sees that no impeding of goods occurs saving time and money as well as mitigates financial risks. Since, SAP GTS works on SAP Net Weaver technology, SAP GTS can be connected to both SAP and non-SAP feeder systems.
What are the main advantages of automated SAP GTS? Here are some of the things: Reduced chances of penalties and fines during trade. Cost control during export procedures. Increased productivity for improved operations. Reduced time and effort due to use of automated tools.
Seamless integration through all supply chains. Time savings due to fast custom clearance regarding inbound and outbound. Customer satisfaction, thereby improved brand name of the company. Customs Management, Risk Management and Compliance Management are all taken care efficiently with the tools provided by the GTS platform.
Because of these advantages, it also has a good popularity among trading industries. Learning SAP GTS training course will help you to be a part of this. What are the functionalities involved in SAP GTS? The functionalities involved in SAP GTS are Compliance Management: To check compliance issues in international trade and sanctioned party list screening. Customs Management: To manage custom clearance, Transit procedures, Trade document printing and other things related to customs. Risk Management: To mitigate financial risks. Restitution handling, Preference processing are the other tasks. System Administration: System Administrator mainly monitors the things related to GTS feeder system.
Few Functions of automated SAP GTS: SAP GTS localizes more than 25 countries and manages exports for handling most of the trade regulations. It manages the imports for a seamless process by following certain activities like duty calculation, importer filing, self-filing etc. It creates free trade agreements to decrease payments for tax and duty. It has a Single data storage system for all kinds of data like master data, classification data, and compliance data It automates compliance with processes or systems like European Excise Movement and Control System (EMCS) It automatically screens vendors and buyers for any restricted entries.
Awards received by SAP GTS “In 2016, Automated Commercial Environment (ACE); the U.S. Customs and Border protection has awarded certification for SAP GTS for Entry Summaries.” The main intention of SAP GTS is eliminate paper, to perform seamless manual processes, allow foreign traders to abide U.S. laws and customs regulations with more ease.
If you wish to learn best in the industry SAP GTS Online Training, you may reach IQ Online Training.