What is SAP GTS | Advantages and Functions | IQ Online Training

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SAP GTS (SAP Global Trade Service)
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What is SAP GTS?
SAP Global Trade Services (SAP GTS) eases the
global trade process by managing many numbers of
business partners and bulk documents related to
them. It keeps updating with the legal changes,
and performs works complying with all the legal
regulations. SAP GTS helps you responding
quickly to many business opportunities globally.
It also helps in clearing issues occurring at
customs in a timely manner and sees that no
impeding of goods occurs saving time and money as
well as mitigates financial risks.
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Main advantages of automated SAP GTS

• Reduced chances of penalties and fines during
  trade.
• Cost control during export procedures.
• Increased productivity for improved operations.
  
• Reduced time and effort due to use of automated
  tools.
• Seamless integration through all supply chains.
• Time savings due to fast custom clearance
  regarding inbound and outbound.
• Customer satisfaction, thereby improved brand
  name of the company.
• Customs Management, Risk Management and
  Compliance Management are all taken care
  efficiently with the tools provided by the GTS
  platform.

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Functionalities involved in SAP GTS

• Compliance Management To check compliance
  issues in international trade and sanctioned
  party list screening.
• Customs Management To manage custom clearance,
  Transit procedures, Trade document printing and
  other things related to customs.
• Risk Management To mitigate financial risks.
   Restitution handling, Preference processing are
  the other tasks.
• System Administration System Administrator
  mainly monitors the things related to GTS feeder
  system.

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Few Functions of automated SAP GTS

• SAP GTS localizes more than 25 countries and
  manages exports for handling most of the trade
  regulations.
• It manages the imports for a seamless process
  by following certain activities like duty
  calculation, importer filing, self-filing etc.
• It creates free trade agreements to decrease
  payments for tax and duty.
• It has a Single data storage system for all
  kinds of data like master data, classification
  data, and compliance data
• It automates compliance with processes or
  systems like European Excise Movement and Control
  System (EMCS)
• It automatically screens vendors and buyers for
  any restricted entries.

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Awards received by SAP GTS
In 2016, Automated Commercial Environment (ACE)
the U.S. Customs and Border protection has
awarded certification for SAP GTS for Entry
Summaries.
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Why IQ Online Training?
Syllabus We have a unique list of topics that
will cover almost the entire subject. Interactive
It is going to be completely interactive. Our
aim is to make each class fell like a
brainstorming session we will learn it by our
day to day example so you will connect each
concept very well. Practice Sessions With each
topic, you will be given assignments in a way
that you will get to apply the theory you learned
immediately. Certificate Preparation Our tutors
will guide you for qualifying in major
certificate preparations. Support Our Team will
be available to you via email or the chat on
website for you to reach out to us to solve your
problems.
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