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.
How to Get the Best Value from GRC Tools for SAP ERP Implementations
Planning an SAP ERP implementation is a complex affair which involves a matching all the relevant pieces of your business with ERP components. Adding GRC tools makes it even more so. However, if you are involved in international trade and want to remain competitive, you can’t avoid adding GRC tools to your SAP ERP solution.Read more.
How Global Trade Compliance Consultants Can Reduce Your Risk of Violations
Having a GTCC on hand gives your business the knowledge and insight needed to provide a foundation for regulatory trade compliance. They’ll interpret regulations as they apply to your specific global trade activities, and translate those regulations into compliant tasks and processes.Read more.
Why Global Logistics Management Should Come Second to Trade Compliance
Global logistics management should come second to trade compliance. Before you put a logistics plan in place, order parts or materials from a foreign supplier, or ship your first product to an overseas customer, you need to invest time for compliance.Read more.
Implementing SAP Global Trade Services: How a Licensed Customs Broker Can Help
Picture this: Domestic sales are great. Foreign markets offer the opportunity to grow, and you’re primed to tackle global trade. You run your business on SAP, and building on that foundation to support global trade is the right strategy. Product development, marketing, finance, IT, compliance, legal, procurement, and distribution are closely involved in your global business plan; you’re putting the pieces of the global trade puzzle in place and one of your major projects is implementing SAP Global Trade Services (GTS).Read more.
The Two Major Ways SAP GRC Access Control Enforces Compliance
One of the most critical security challenges enterprises face is the compliant enforcement of access control. Establishing an effective set of access controls and auditing to maintain compliance is vital to ensuring both short- and long-term security protections. Your business has many people touching large amounts of company data; data that can be destructive if used incorrectly, which can damage your or your customers’ reputations. You will be held liable by those affected by compromised data if a data breach occurs, making data access control a top priority in the realm of governance, risk, and compliance (GRC).Read more.