Global trade is in a current state of turmoil. And it is made even more complex and challenging by factors such as increased cross-border regulations, extensive filing and documentation requirements, and the fluctuating cost of international transportation. With strict compliance to global trade regulations continuing to be a barrier to meeting customer demand, companies must leverage a technology-based solution that can flexibly adapt and meet region-specific customs requirements.
Roadblocks to Trade Compliance
As customers originate from different geographies, companies need to quickly catch up on country-specific requirements. Several of these pain points demand consideration.
Complex regulatory environment
Each country has specific requirements. Some of them can be complex and ambiguous which if not understood clearly can result in penalties and fees and compromise market reputation.Closer scrutiny on customs declarations
Failure to comply in providing complete import information on customs declarations can result in costly delays and even loss of import/export privileges.Inadequate visibility
Limited visibility on the import and export scene of a particular country can compromise compliance and hinder you from effectively managing trade activities such as supply chain disruptions, penalty assessments, and inventory management.
Removing these roadblocks is critical to maintaining your competitive advantage in the global trade landscape.
Leverage a Cutting-Edge Global Trade Management Solution
Ropaar is an expert in implementing SAP Global Trade Services (GTS) projects. With SAP GTS, your company can trade globally with confidence:
Next-Generation Export and Import Management
You can take advantage of automation and direct filing to effectively manage export/import compliance, minimize logistics and brokerage charges, and improve product classification.Simplified Trade Preference Management
You can strategically leverage free trade agreements, maximize eligible products through preference determination, and efficiently manage vendor declarations.Adaptive Customs Management
You can leverage FTZs, support region-specific duty minimization, deferral and avoidance regimes, and meet Intrastat and Excise movement requirementsData-Driven Restricted Party Screening
You can optimize the screening of denied or restricted parties to avoid global trade violations and delays.
Let Ropaar help you navigate new trade regulations and region-specific trade policies and regulatory frameworks with SAP GTS. Drop us a line today!