SAP Global Trade Services (GTS) is software that allows companies to support and define import and export trade processes in SAP ERP. According to the vendor, GTS reduces the time and costs of complying with global trade regulations and provides visibility into the supply chain while goods are in transit, which helps to resolve issues that can impede goods from clearing customs in a timely manner.
SAP GTS is comprised of a number of components that can be licensed individually or as an entire bundle, and the automated functions it enables include:
- On-premise or cloud deployment
- Comprehensive import and export management
- Management of free-trade agreements and customs procedures
- Self-filing and broker communication
- Single data store for master, classification, and compliance data
- Regional and industry compliance to automate compliance with processes such as the European Excise Movement and Control System (EMCS)
- SAP GTS can also be used to screen buyers and vendors to guard against doing business with restricted or denied entities, for example those on terrorist watch lists.
What is SAP GTS (Global Trade Services)
SAP GTS allows companies to automate and define their import/ export processes. They can do it while complying with the legal regulations. The software facilitates simple trade management. It ensures proper communication with the trade and custom authorities.
This reduces your time and costs spend over maintaining regulations. As a result, you can focus more on your supply chain. And, you can handle issues that can prevent goods from clearing customs. This boosts your productivity. Time-consuming compliance tasks can be avoided. It helps you to save on customs expenses, which in turn, enhances your company’s revenues.
Important Features of SAP GTS
1) Export management
GTS handles trade regulations for more than 25 countries. It also takes care of license allocation for products, tracking licenses and license determination.
2) Single data repository
SAP GTS is a centralized data store that can be used along with different ERP systems. All the product classification and compliance data is stored here. Information from different systems such as SAP CRM and SAP SCM can be integrated into this single repository.
3) Import management
This is done by streamlining different processes such as duty calculation, security filing and filing declarations. Customs processes such as inward/outward processing and handling bonded warehouses is easy with GTS.
4) Trade preferences management
Companies can lower the taxes paid for customs declarations using SAP GTS. It’s because SAP GTS handles the following –
Vendor declaration handling
Preference determination
Customer declaration handling
5) Regional procedures
The regional and compliance procedures such as European Excise Movement and Control System (EMCS) are automated with SAP GTS. This also includes Electronic compliance reporting and restitution management.
Components of SAP GTS
The four major components of SAP GTS are –
SAP Custom Management
SAP GTS Compliance Management
SAP Electronic Compliance Reporting
SAP Risk Management
SAP Customs Management
The SAP GTS custom management allows you to handle all the custom processes. It lets you connect with the custom authorities. Handling import/ export, inward processing and custom warehousing can be mapped using GTS. Moreover, it has a duty simulator that lets you manage your duties and taxes.
You can classify your products using international classifications. These include HS, NC and Taric.
Advantages
Adobe Forms handles printing and dispatching of trade documents
Broker Enablement solution lets you map more than 14 countries for custom processing
It helps in product tariffing
Data transfer from sales and procurement processes to custom documents
SAP GTS Online Training Course Content
- INTRODUCTION TO GLOBAL TRADE SERVICES
- Overview of SAP GTS
- SAP GTS Modules
- Compliance Management
- Customs Management
- Risk Management - sap gts online training
- Global Trade trends and SAP GTS
- Implementation of GTS with an R/3 Back End system
- SETTING UP COMMUNICATION IN R/3 SERVER
- GTS Organization Structure
- Legal Regulations
- Deadline Types - sap gts online training
- Country Groups
- Determination procedures for Legal Regulations
- Activation of Legal Regulations
- Customs document type
- Customs Item category
- Partner Functions
- Partner Function Groups
- Sanction Party list screening
- Embargo Check - sap gts online training
- License determination process Flow
- Configuration Of license determination
- License determination strategy
- Product classification
- Numbering schemes
- Tariff / Commodity code maintenance
- Classifying products
- Customs processing - sap gts online training
- Pot processing framework
- Overview of customs processing service
- Overview of message determination
- Overview of Transit procedure service
- Overview of preference processing
- Rules of Origin - sap gts online training
- Preference Processing in GTS
- Preference Processing
- Overview or restitution processing
- Business process in restitution processing
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