Along with the economic benefits of globalization comes a critical need for multinational enterprises to ensure trade compliance. Today, corporations must contend with an ever-greater and often-changing set of rules and regulations that control import and export processes. Failure to comply with the regulations can lead to sanctions, fines and penalties, shipment delays, inquiry/audit by government agencies, and loss of employment—or even jail time for culpable employees.
ERP systems such as SAP have made global trade easier by utilizing existing product, process, financial, and customer master data in their Global Trade Services (GTS) module to reduce risk and improve import and export process efficiency. However, to obtain the full benefit from your ERP data you need consultants who understand the fundamentals of a successful implementation. The best global trade compliance consultants know that a successful GTS implementation requires both technical and business skills. Aurum Terra takes that approach. Our employees have in-depth knowledge of GTS functionality and when, where, and how that functionality is best applied. Our consultants invest time to gain a comprehensive understanding of your business model so we can tailor GTS to you.