How SAP GTS Helps You Avoid Sanctions, Fines, and Penalties

Minimizing risk is critical for international business. As global trade grows in complexity, you need a solution for handling constant change in trade regulations. The idea is to guard your operations against changing rulesets while improving overall organizational accuracy and efficiency.

SAP GTS offers globally active businesses solutions that are ideal for risk reduction. It helps you operate at a high level of productivity while deepening trade compliance due diligence. SAP GTS helps you avoid sanctions, fines, and penalties with richly-integrated functionalities and documentation management—your best defenses against risk.

Avoiding Sanctions, Fines, and Penalties

Modernizing SPL Screening Through Targeted Automations

Automation opportunities presented by SAP GTS let you streamline SPL and embargo lists. These screenings must be conducted quickly, with minimal false positives, and with minimum to zero missed true sanctioned entities.While a variety of factors should be considered for false positives, SAP GTS provides automated screening functionalities which target a reduction in human-induced errors.

The automated process for SPLs and embargo screenings within SAP GTS leverage the innovative technology around the Risk Management module. Functionalities within this module provides automated actions around the identification and flagging of potential partners on no-trade lists. The module can be configured to effortlessly download and apply list updates (delta files) to your existing production system without downtime The reporting functions enable near-instant remediation of issues, further elevating your trade compliance while presenting productivity gains to business processes.

Deepened Compliance Through Business Productivity Gains

Further compliance benefits for global operations can be accomplished using SAP GTS. Compliance management functionalities contribute to the alignment of business goals with import/export controls while eliminating wasted effort. When controls around trade compliance regulations are tightened, you get deep cost reductions through fine & penalty reductions and avoiding fees for held shipments accruing demurrage. You achieve even greater cost savings by eliminating outdated or unnecessary processes, allowing your team to focus on production and order fulfillment instead of redundant tasks.

Once SAP GTS has been implemented on high-risk areas, you can deepen your focus on expanding trade operations. You’ll reinforce compliance by uncovering previously-hidden risks. The SAP GTS solution will provide the opportunity to facilitate your needed internal compliance programs while augmenting your compliance and screening priorities.

Insightful Documentation for Risk Management

Effective document management is a key when it comes to achieving high levels of trade success. That means clear, rigorously-audited, and timely document creation and retention. You can reduce risk through due diligence and oversight of all the documentation your trade operations generate.

Document management functionalities within SAP GTS enable concise, innovative record keeping and audit controls. Customizable reports make monitoring easy, reducing the likelihood that incorrect information will halt a shipment. Valuable tools such as SAP Electronic Compliance Reporting present opportunities for trade optimization though in-depth reporting. This tool meets EU compliance and reporting requirements of tracking monetary values of products entering or moving through the EU.

SAP GTS provides audit controls that can be configured to align your documentation to all aspects of international trade, from country-specific import or export requirements to participation in special programs, like FTAs.. This can all be monitored from within a centralized reporting system to ensure that mandatory record keeping requirements are met.

Getting the most out of SAP GTS requires deep levels of knowledge in global trade and the technology on which it runs. Make sure your team includes people who have that knowledge.

Leveraging an Experienced Partner to Reduce Sanction Risks

Challenges in achieving trade compliance must be addressed using innovative implementation techniques and customizations. Accomplishing this requires a dynamic solution that must be designed to meet your exact needs; nothing more, nothing less. Choosing your partner must be handled with care. They must see automation as an opportunity, but also be able to define the reasons why automations are necessary for each business process, while ensuring that your processes are precise and preventable mistakes don’t send you astray.


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