Case Studies

Most of the steps that a company can take to reduce ERP implementation risks do not actually revolve around the technical details of the project. When you enlist the help of an experienced and highly skilled partner, you will find the technical side of an ERP implementation easily covered. As a business, you are best served by focusing on these three steps to proactively mitigate ERP implementation risks....

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....

The process of an ERP implementation is not an easy one, especially given the costs associated with these efforts. Executive management will want to see great return on investment (ROI) results for any ERP implementation—whether it’s a complete rollout or adding modules or functionality such as GRC or GTS—in a short period of time. This key question will have to be answered before you can move forward with your project: How exactly will our ERP implementation produce the return on investment we need while meeting expected business productivity gains?...

These days, protecting your business means protecting your data, your processes, and your overall operations, which translates to creating and maintaining a Compliance Management System (CMS). Understanding the full expanse of compliance from security, governance, risk, and policy to your global trade aspect of import/export both domestic and globally is daunting, but absolutely necessary. Wading through the vast land of IT, industry specifics, and global trade regulations quickly becomes an overwhelming process and convoluted with information overload. It becomes apparent that a CMS program can become quite unwieldy and requires a better system of management. Thus, many if not all, businesses will be employing a CMS software solution to help....

An increasingly connected world, by necessity, has become an increasingly regulated business world. Monitoring, interpreting, and implementing complex sets of regulations places ever-greater demands upon employees with security, compliance, and international trade responsibilities. As a result, organizations are aggressively looking for methods to automate as many compliance processes as possible....

Too often, organizations discover after they’re up and running that their SAP GTS implementation is not being used fully—which means they’re not getting the ROI and performance they need. Reasons include missing components and modules, undocumented processes, and overlooked free trade agreements (FTA). This presents enterprises with a checklist for realizing the full benefits of SAP GTS....

Should I go with a generalist or specialist? When you want some work done, a project completed, or a problem fixed, that’s a question you’ll often ask. When you’re about to embark on an enterprise resource planning (ERP) project and are comparing ERP vendors, you’ll be making a similar decision. Is a large, globally recognized firm with thousands of employees the best match, or is a smaller firm with a specific business focus the better choice? ...

Maintaining compliance is a large challenge for businesses engaged in global trade. Trade agreements and associated items such as tariffs, customs licensing, and port duties can change with little notice. To tackle the challenge of compliance management, you must clearly understand your business processes and correctly evaluate all of the ERP functions you’ll need. That includes relevant trade regulations. The idea is to use a compliance software to close gaps within your business processes....

Any enterprise starting an international trade initiative faces a business reality: There are a lot of rules and regulations that affect international trade. If your organization is expanding shipments abroad, you’ll need proper processes and controls to ensure international trade compliance. Getting those processes and controls right takes expertise and experience....

Savvy enterprises navigate the complexities of international trade while minimizing global supply chain risks. Success in global trade requires a reliable supply chain: ingredients, materials, or components reliably sourced; products manufactured with consistent quality; sales properly transacted; and shipments correctly brokered. However, each of these links in the chain is subject to numerous trade rules and regulations, where failure to comply can result in significant fines, penalties, or sanctions....

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....

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....

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)....

While most businesses develop a project plan when they start their ERP implementation, more often than not it contains large gaps that could jeopardize ERP implementation efforts. These gaps often occur because the business missed one key step in their planning: stepping back to look at all the little things that make their organization run....

Are you managing your cross-border supply chain logistics as efficiently as possible? If you have high volumes of international trade and are not currently employing an ERP system like SAP and itsGlobal Trade Services (GTS) module, the answer is no. If you’ve already implemented SAP GTS, the answer might still be no....

According to a JP Morgan Chase report, 74% of U.S.-based businesses are seeking to expand globally. However, the landscape surrounding the global trade arena is rife with regulatory uncertainties. The unfortunate reality these businesses quickly come to realize (sometimes painfully so) is that each country and international trade partnership has its own collection of business and trade regulations, making it a must to prioritize trade compliance over global logistics management....

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....

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....

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....

Great journeys require a guide: Someone who knows the lay of the land, can steer through rough waters, and deal with unexpected obstacles—all while moving the voyage forward. The same is true in global trade. The enormous possibilities opened by global trade are matched only by the unprecedented logistical complexities it has created....

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)....

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....