Simplify and Speed Up Your Internal Audit Procedure Using SAP GRC Functionality
Regardless of your industry, the growing number of regulations impacts every part of your organization. Executives and managers now devote a growing amount of time and budget in order to...Read more.
Sanctioned Party List Screening Tool: A Major Benefit of SAP GTS
Global trade introduces tremendous growth opportunities that, if not managed properly, can also introduce significant risk. Global trade is governed by an endless stream of rules, regulations, and policies. At any time, for political or security reasons, these requirements can limit or prohibit trade with certain companies, countries, organizations, and even individuals. Thankfully, prohibitions are detailed in denied party (DPL) or sanctioned party lists (SPL), which are regularly updated by government agencies. It is important to know what these lists contain, how to interpret them, and how to devise an automated solution to manage them.Read more.
Implementing Governance, Risk, and Compliance Tools within SAP ERP
Regulations backed by the threat of fines and sanctions demand consistency in managing enterprise risk and compliance. No longer can you use siloed, antiquated, informal methods of spreadsheets, databases, or other home-grown tools to meet compliance requirements.Read more.
Governance, Risk, and Compliance Software Solutions: Questions to Ask Before Deciding
The decision to move to new or upgraded governance, risk, and compliance (GRC) software solutions is primarily motivated by federal, state, and local regulations. Regulatory obstacles such as SOX, NIST, ISO, and DFARS are sets of rules that can cause staggering fines or delays should your business run afoul of them.Read more.
The #1 Requirement for a Successful ERP Implementation
Take a moment to think about beneficial, sustained business relationships you’ve established or had the good fortune to participate in. Many factors contribute to the success of the relationship, such as the business partner or individuals providing the product or service, price, quality of work, business alignment. All of which have played a critical role in your business relationships, but none so much as partner integrity.Read more.
Using SAP GTS to Monitor Vendor Compliance Issues
Global trade is becoming increasingly complex. The many rules and regulations are virtually guaranteed to change—just consider the challenges of understanding and complying with the rules and regulations in the United States-Canada-Mexico Agreement that is replacing NAFTA.Read more.
The Best ERP Solutions Are Those Tailored to Your Company
The best ERP solution for a retailer is different from the best solution for a wholesaler—and still more different than the best solution for a manufacturer. There are similarities in industries, but each company is unique, so the solutions must be unique. Even your fiercest competitor’s best ERP solution wouldn’t be the right fit for your organization.Read more.
Identifying and Overcoming the Top 5 Reasons for ERP Implementation Failures
It is no secret that an ERP implementation is a formidable undertaking. According to Gartner, up to 75% of all ERP projects fail to meet their objectives. The rate of failure increases with cloud-based ERP implementations, where Gartner reports an almost 100% failure rate.Read more.
3 Ways SAP Business Process Automation Within GTS Can Reduce Human Error
There are many business process management capabilities in the SAP Global Trade Services (GTS) module. Three of them cover critical global trade tasks: Product classifications, sanctioned party screenings, and communications with customs. On each front, you will significantly reduce the risk of human error and streamline your trade transactions.Read more.
Do I Need A Customs Broker? Where an LCB Can Help You
If you’re asking the question “Do I need a customs broker?” we’ll answer that by emphatically stating that only two types of organizations benefit from working with a LCB.Read more.