The SAP GRC Global Trade Services application provides a comprehensive platform for managing all foreign trade processes. Centralized management ensures trade compliance, expedited cross border transactions, and optimum utilization of trade agreements - replacing high-maintenance manual processes and providing one global view of trade across your enterprise.

During the session, you will learn how SAP GRC Global Trade Services will help Lockheed Martin to:

• Meet regulatory requirements and manage the complexities of global trade - Use standardized, enterprise-wide trade compliance processes in supply chain, human resource, and financial processes for proactive trade management
• Expedite the importing and exporting of goods through customs - Leverage improved transparency throughout the supply chain to share cross-border trade information with partners such as freight forwarders, brokers, insurance agencies, banks, and regulatory entities
• Mitigate financial risk and maximize profit with best-practice use of international trade agreements - Avoid supply chain bottlenecks, production downtime, and errors that can result in costly penalties with comprehensive letter-of-credit management, preferential product treatment using trade agreements, and comprehensive analytics based on daily business data

Speakers

• Jason Severson, SAP Solution Specialist, SAP