Uncertainties and trade agreements go hand in hand; FTAs can increase risk, and require investigation. Before you commit to a free trade agreement, see if it’s a good match for your business by asking three questions.
Partner government agencies (PGAs) are a major factor as to why international trade is so challenging. Not understanding PGAs can bottleneck global trade operations.
Choice is valued by every business. Everyone wants to be able to choose between vendors and services. It just makes sense; there might be better options out there, and it can be tricky and dangerous. You just might fall into a trap.
A strict risk management policy is a must for global trade. Implementing and administering risk reductions internally will ultimately lead to risk reductions abroad. However, this only works if you have sharpened your restricted party screening policies.
As you dive deeper into international trade waters, the legal controls you must execute to remain compliant become more entangling and complex. Ensuring compliance with import and export controls is important in conducting trade and in creating new avenues for growth.
Preparations for a customized SAP GTS implementation can become complex quickly. Going it alone in your implementation is not an option if you want results from your SAP GTS solution. Customized SAP GTS implementations require an experienced partner as a guide.
If you run an international business, there are few terms scarier than Sanctioned Parties List (SPL) and embargo. Both represent enormous possible pitfalls. Both open you up to fines, loss of license, and severe legal jeopardy. If you buy or sell the wrong item to the wrong country, or do business with a person or…
SAP GTS gives you adaptive, flexible, and scalable solutions that will expand as you grow without bogging down under increased amounts of data. The array of customizations available through the advantages of configurable functionalities deepens and expands capability for your compliance department.
International trade involves unique business process challenges that can be costly if left unaddressed. Long-term trade success requires effective management of such risks. That starts with a global trade software solution for process management—one that’s perfectly suited to your organization.
The hyper-competitive nature of global trade requires businesses to stay vigilant for any opportunity to seize an edge. One way is to optimize how your organization handles international trade rules and regulations.