To conduct business globally, you need to comply with local laws, satisfy trade security measures, meet documentation requirements, understand complicated tariffs, and coordinate various parties. Handling these tasks manually increases the risk of failure – which can be costly when trading across borders. In fact, the inefficient administration of customs processes accounts for 7% of the cost of international trade, according to a United Nations study – U.S. $420 billion annually.

Lower Cost and Risk of International Trade while Streamlining Processes

With the SAP GRC Global Trade Services application helping to support international expansion of your business, you can lower the cost and reduce the risk of conducting business globally. By enabling you to establish a single, corporate-wide standard for trade processes across SAP and non-SAP systems, SAP GRC Global Trade Services ensures reliable and compliant trade activities.

The 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.

SAP GRC Global Trade Services helps your business:

• 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 utilization 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.

You can implement SAP GRC Global Trade Services quickly for a rapid ROI, and easily adapt the application to meet changing business and regulatory requirements. With SAP GRC Global Trade Services you get the tools to succeed in the competitive global marketplace.

View the SAP Business Maps to see how SAP GRC Global Trade Services can benefit your company.