Digitalization of foreign trade and compliance with SAP GTS
Embargos, restrictions, special tariffs and many other regulations affects foreign trade to day. From trade of weapons to financial transactions implications increases. Compliance is of highest importance and violating the regulations and laws not only means risk of fines and other penalties. Non-compliance also threatens the business directly.
Compliance is there for vital for many organisations. Examples of products are beside weapons, spare parts for aircrafts and computers, materials for dual-use, educations, software products, documentations and services.
Compliance is a matter of special importance for industries involved in defence supply, but almost no industry should ignore the issue compliance.
Cross boarder transports of goods and materials must comply to regulations and law independend even when it is not trade.
Systems for monitoring cross boarder transports should integrate to the ERP to assure efficient control.
SAP offers Global Trade Services – GTS – for handling compliance. SAP GTS utilizes master data already registered in the ERP and able to handle both compliance, customs management and risk.
Ebicon can assist you in making your organization compliant and digitalize your processes. Implementing GTS or increasing the performance of your present system, we can support you transforming your business to be compliant and efficient.