The world is becoming increasingly interconnected as we develop interdependence among countries. The driving force behind globalization is global trade – with multiple industries sourcing their products from across the globe to find the best prices and deals. With this, several countries leverage their industry expertise and turn to export as an avenue to expand their businesses.
Global trade compliance requirements continuously change, making foreign trade management a challenge for exporters. Moreover, the supply chain partner ecosystem and foreign trade networks rapidly expand. These issues leave several businesses in a bind as customers demand quick and frictionless transactions with the expectation of automated and streamlined processes.SAP Global Trade Services
SAP Global Trade Services (GTS) has been a helpful solution for businesses that want to simplify their global trade processes. It streamlines transactions by allowing supply chain leaders to automate, standardize, centralize, and manage trade compliance requirements. These processes help maintain consistency across global operations, advance trade within the supply chain, automate trade compliance, and boost bottom-line profitability.Implementing SAP S/4HANA Foreign Trade Management
Despite the preexisting solution already provided by SAP GTS, customers are now migrating or looking into migrating to SAP S/4HANA to take advantage of its embedded foreign trade management solution. Unlike SAP GTS, SAP S/4HANA has a less comprehensive set of global trade services. However, SAP S/4HANA has unique benefits that specifically aid foreign trade management. These advantages include:
The main challenge in implementing SAP S/4HANA Foreign Trade Management is customizability to business needs. While it is customizable, it takes superior expertise to ensure that the system is accordingly calibrated and executed. SAP S/4HANA requires specific technical skills to architect, implement, and optimize the system with minimal error and threat.
To add to this, SAP S/4HANA entails upgrades for the system to be up to par with the technical requirements for continuous implementation. SAP S/4HANA requires many IT resources for day-to-day management and security. With this, an IT team must be able to spot when SAP S/4HANA performance begins to degrade and resolve any cyberattacks that may occur.The TradeBlazer’s Approach
Customer-centric implementation partners such as Ropaar offer a relational customer engagement approach to help businesses implement SAP S/4HANA Foreign Trade Management into their systems. Unlike other implementation partners, Ropaar steers away from cookie-cutter solutions. We study your business thoroughly to assess your needs and provide a tailored solution to your unique problems and needs.
Ropaar first assesses your needs to identify areas where we can help you. Then, we align with you regarding your global footprint and risk exposure needs to consider potential facets in SAP implementation. Finally, we come up with a solution made for you and accelerate time to value with our deep domain expertise, robust frameworks, and AI/ML capabilities.
With our TradeBlazer approach, we can help your business implement SAP S/4HANA Foreign Trade Management solutions by:
Learn more about our TradeBlazer approach by requesting a demo with us.