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global trade automation
The decision to move to new or upgraded governance, risk, and compliance (GRC) software solutions is primarily motivated by federal, state, and local regulations. Regulatory obstacles such as SOX, NIST, ISO, and DFARS are sets of rules that can cause staggering fines or delays should your business run afoul of them.
vendor compliance issues
Take a moment to think about beneficial, sustained business relationships you’ve established or had the good fortune to participate in. Many factors contribute to the success of the relationship, such as the business partner or individuals providing the product or service, price, quality of work, business alignment. All of which have played a critical role in your business relationships, but none so much as partner integrity.
restricted party screening
Global trade is becoming increasingly complex. The many rules and regulations are virtually guaranteed to change—just consider the challenges of understanding and complying with the rules and regulations in the United States-Canada-Mexico Agreement that is replacing NAFTA.
vendor compliance issues
The best ERP solution for a retailer is different from the best solution for a wholesaler—and still more different than the best solution for a manufacturer. There are similarities in industries, but each company is unique, so the solutions must be unique. Even your fiercest competitor’s best ERP solution wouldn’t be the right fit for your organization.
vendor compliance issues
It is no secret that an ERP implementation is a formidable undertaking. According to Gartner, up to 75% of all ERP projects fail to meet their objectives. The rate of failure increases with cloud-based ERP implementations, where Gartner reports an almost 100% failure rate.
restricted party screening
There are many business process management capabilities in the SAP Global Trade Services (GTS) module. Three of them cover critical global trade tasks: Product classifications, sanctioned party screenings, and communications with customs. On each front, you will significantly reduce the risk of human error and streamline your trade transactions.
restricted party screening
If you’re asking the question “Do I need a customs broker?” we’ll answer that by emphatically stating that only two types of organizations benefit from working with a LCB.
global trade automation
Planning an SAP ERP implementation is a complex affair which involves a matching all the relevant pieces of your business with ERP components. Adding GRC tools makes it even more so. However, if you are involved in international trade and want to remain competitive, you can’t avoid adding GRC tools to your SAP ERP solution.
global trade automation
Having a GTCC on hand gives your business the knowledge and insight needed to provide a foundation for regulatory trade compliance. They’ll interpret regulations as they apply to your specific global trade activities, and translate those regulations into compliant tasks and processes.
restricted party screening
Global logistics management should come second to trade compliance. Before you put a logistics plan in place, order parts or materials from a foreign supplier, or ship your first product to an overseas customer, you need to invest time for compliance.