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.
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.
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.
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.
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.