The SAP GRC Global Trade Services composite application provides you with a single view of your global trade activities. With SAP GRC Global Trade Services you can automate and standardize the end-to-end business processes of global trade – streamlining the movement of goods, documents, and money across borders to gain sustainable competitive advantage for businesses.

SAP GRC Global Trade Services can benefit your business in the following ways:

Reduced Risk

• Eliminate risks of noncompliance (for example, costly fines or jail time).
• Ensure vigilant trade compliance and help facilitate tighter national security.
• Protect your corporate brand equity by avoiding negative publicity.
• Meet Sarbanes-Oxley regulatory requirements by managing global trade related internal controls.

Reduced Time

• Expedite the clearance of goods to meet just-in-time (JIT) inventory objectives.
• Avoid costly delays at borders and customs to accelerate delivery times and increase customer satisfaction.
• Automate, streamline, and standardize processes for more effectiveness.

Reduced Cost

• Improve worker productivity by moving to management-by-exceptions.
• Mitigate financial risks through documentary payments.
• Leverage existing IT investments and eliminate the need for costly interfaces by taking advantage of the SAP NetWeaver platform.
• Lower total cost of ownership by managing all global trade transactions with a single, central solution – reducing costs for hardware, software maintenance, and the training of personnel.

Increased Transparency

• Provide meticulous and accurate documentation for potential audits.
• Improve visibility into international transactions, providing the basis for sound strategic decisions.

Expedite global trade by sharing cross-border trade information with all partners, including freight forwarders, brokers, insurance agencies, banks, and regulatory entities.