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Global Trade Services

what is the use of SAP Global Trade Services.

can any one explain me why it is used ? its advantages etc

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  • Posted on Jan 08, 2007 at 10:38 AM

    http://www.sap.com/solutions/xapps/compliance/gts/index.epx

    www.sap.com/solutions/xapps/compliance/gts/pdf/BWP_OV_GTS_Solutions_Overview.pdf

    Read those which will help you.BTW,try to google for these kind of questions that will help you to learn more than what you expect.

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 08, 2007 at 10:39 AM

    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.

    SAP Global Trade Services allows you to:

    Ensure full regulatory trade compliance -- Avoid costly fines and penalties and help ensure national security.

    Expedite customs clearance -- Reduce cycle times and ensure fast delivery to customers by minimizing delays at national borders.

    Automate customs warehousing procedures -- Defer or eliminate duty payments.

    Accelerate and optimize product classification -- Increase efficiency and minimize import duties.

    Mitigate the financial risk of global transactions -- Ensure that all concerned parties meet their contractual obligations

    Take full advantage of international trade agreements -- Survive and thrive in today's fiercely contested global markets

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