SD Foreign Trade vs. SAP Global Trade Services (GTS)

image source: sap.com
Share on Facebook10Share on LinkedIn14Tweet about this on TwitterShare on Google+0
Please Share!!
I was discussing with one of my customer regarding implementing Global Trade Service (GTS) and he asked me why should he choose GTS and not use SAP Foreign Trade that is already in ECC SD?

I have tried to reason out few of the features that give an edge, why the customer should go for GTS. Hope the justification would help to take a call if they should implement GTS or not.

SAP Global Trade Services (SAP GTS) automates global trade processes and enables you to manage large numbers of business partners, and high volumes of documents while also helping you to comply with changing legal regulations.

It facilitates global trade by providing you with the tools you require to respond to governments modernizing their systems and to customs authorities communicating electronically with businesses.

SAP GTS also helps you to avoid costly delays in your import and export processes and allows you to respond quickly to global business opportunities while mitigating financial risks.

SAP GTS key benefits:

1) Ensure vigilant compliance with trade regulations
2) Mitigate risks of huge fines and penalties
3) Avoid costly shipment delays at borders and customs
4) Quick implementation
5) Lower IT maintenance costs
6) Faster Communication with customs
7) Lot of return of investment

SAP GTS consists of Four Sub Solutions:

SAP Compliance Managementi) SAP  Compliance Management:

Contains all the functions relating to import and export control.
This sub solution allows you to monitor procedures that are subject to licensing requirements and to comply with legal regulations that restrict or even prohibit trade with individual states, political groups, and individuals.
The SAP Compliance Management sub solution consists of the services below:
• Embargo Check
• Sanctioned Party List Screening
• Product-Related Check (“Legal Control”)

All check functions are available in import and export processing. You can activate the individual services independently of one another.

ii) SAP Customer Management:
Supports customs procedures.
The focus is on the connection to electronic customs procedures and printing accompanying documents. There are also additional functions for goods classification.
SAP Customs Management comprises the two services below:
• Customs Processing
• Transit Procedure
The “customs processing” service supports specific electronic customs declaration procedures and the printing of customs documents.
The “transit procedure” service allows you to use the New Computerized Transit System (NCTS) in Belgium, Germany, FR, UK, NL, Austria, SW and Slovenia, by enabling you to electronically process this particular customs procedure.
[adToAppearHere]
iii) SAP Risk Management:

Has been added to SAP GTS 3.0.
This is used for preference determination and the management of vendor declarations in relation to the issue of preference documents.
It also supports the export of CAP products that qualify for a refund. The letter of credit administration has been added to SAP GTS 7.0.

The SAP Risk Management sub solution offers the services below:

• Preference Processing
• Letter of Credit Processing
• Restitution

The “letter of credit processing” service enables you to manage letters of credit in SAP GTS

 

iv) SAP Electronic Compliance Reporting:

Is a new addition to SAP GTS 7.1. This enables the regular issue of declarations for intra-European Union trade statistics (Intrastat).

Consists of a service to issue Intrastat declarations.

Functionalities of  Foreign Trade with ECC and Global Trade Services:

Electronic Compliance Reporting

* referred from various sources

Sanctioned Party List  Screening comparison:

Sanctioned Party List

 

License determination comparison:

License determination comparision

 

Import /Export Declaration Comparision:

Import /Export Declaration Comparision

Also Read: ‘Smart Data Integrator & Data Load In SAP HANA’

The Above comparisons give the advantage of GTS over Existing FT SD in ECC.

SAP Global Trade Services helps companies manage all complexities of international trade including full regulatory compliance, interactions with customs and management of risk while trading on a global basis.

The SAP Global Trade Services packaged composite application is built on the SAP NetWeaver platform, an open and scalable technology platform.

SAP GTS consists of separate modular components: SAP Compliance Management, SAP Customs Management, and SAP Risk Management.

These components give businesses a competitive advantage by helping them speed import and export processes, mitigate risks, and comply with international regulations.

If you want to get practical issues and resolutions straight to your inbox, please SUBSCRIBE. We respect your privacy and take protecting it seriously.

If you like our page, please hit the share button.

Thank you very much for your time!!

Share on Facebook10Share on LinkedIn14Tweet about this on TwitterShare on Google+0
Please Share!!

16 Comments on "SD Foreign Trade vs. SAP Global Trade Services (GTS)"

  1. really great information from you thanks a lot

  2. very useful information swathi

  3. Excellent information and very nice thank you Latha Pallavi

  4. Does GTS address issues related to Country-of-Origin (both from Import standpoint and Export standpoint), particularly if we source the same material from vendors in 2 different countries?

  5. Does GTS address issues related to Country-of-Origin (both from Import standpoint and Export standpoint), particularly if we source the same material from vendors in 2 different countries?

  6. Hello shubra,

    Yes it does solve the issue.

    Do let me know if you need to know the concept in detail.

  7. Hi
    SAP Global Business Services (SAP GTS) performs global trade operations and enables you to handle large numbers of organization partners, and large lists of papers while additionally helping you to adhere to changing legitimate regulations.Smartmind Teaching Start offers sapgts online training
    class with substantial skilled school through global intelligent like Asia, USA, UK, Italy, Singapore, Sydney, Europe, Dubai key cities of the countries.
    All our students were Pleased With our online education and able to discover Careers easily Europe. Online instruction is Best solution to master SAP GTS at your home with versatile Timings & your one-stop.

  8. SAP GTS TRAINING is which is the abbreviation of Global Trade Services helps in automating the global trade processes and facilitates in managing large number of business partners associated with your business along with high volume of documents. It also helps to comply the changing legal regulations.

    SAP GTS ONLINE TRAINING

  9. SAP GTS TRAINING is which is the abbreviation of Global Trade Services helps in automating the global trade processes and facilitates in managing large number of business partners associated with your business along with high volume of documents. It also helps to comply the changing legal regulations.

    SAP GTS ONLINE TRAINING

  10. Hi sir, you provided good info on all sap modules. You are having very good experience in sap that can be seen in your info. I too a SAP GTS professional, we provide standard online training on SAP GTS.
    SAP GTS ONLINE TRAINING is which is the abbreviation of Global Trade Services helps in automating the global trade processes and facilitates in managing large number of business partners associated with your business along with high volume of documents. It also helps to comply the changing legal regulations.
    SAP GTS ONLINE TRAINING

  11. Hello Sir,
    I have seen your info on sap.. Especially on sap. The info you provided is very useful for any interested on sap. I am very much satisfied with your info.
    SAP GTS ONLINE TRAINING

  12. Hi sir
    You provided good information on SAP SD it is very usefull to SAP SD Learners. Which is one of the oldest and larget in SAP Functional Modules.we used SAP SD to perform Business Operations,Cofiguration,Integration and handle every processes from order to delivery.We providing SAP SD Online Training

  13. I feel it is right place to get info on SAP GTS. This was really something, I had been looking for days. Too excited to view your other blogs on SAP GTS.
    SAP GTS ONLINE TRAINING

  14. I feel very happy to learn in this post.

Comments are closed.