Global trade has grown at an astonishing rate over the last 20 years. Businesses and governments around the world are seeking ways to take advantage of trade opportunities at the international level. But they face a host of new challenges associated with global trade – such as multiple parties involved in each cross-border transaction, complicated tariffs and duties, extensive documentation requirements, and ever-changing legal regulations.

To meet these challenges, effective supplier relationship management is vital. That's why SAP Supplier Relationship Management (SAP SRM) integrates seamlessly with SAP's comprehensive global trade solution, SAP Global Trade Services (SAP GTS), to ensure full regulatory compliance at every step of your procurement processes. And to provide you with automated processes that help minimize inventory-carrying costs and reduce cycle times on a global scale.

When your company integrates SAP SRM with SAP GTS, you benefit from:

• Sanctioned party list screening – Screen your business partners proactively at every step of your procurement processes to ensure that they are not on any denied party lists published by various governments.
• Import control – Check that you have the right import licenses in place during purchase order creation, goods receipt, and invoicing time.
• Embargo check – Check for potential embargoes associated with the country where your suppliers are located.
• Customs communication service – Enable all required customs communication based on the information provided by SAP SRM.