SAP extends global trade solutions with GRC offerings
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 10/16/2008 8:55:00 AM MDT
Conducting business on a global scale is a tall order for organizations that now must comply with frequently changing domestic and global laws, satisfy trade security measures, meet mandatory electronic filing requirements, understand complicated tariffs, and collaborate with parties across the supply chain. As companies expand internationally and conduct trade interactions with a global supply base, managing all of these tasks manually increases the margin of error, which can be costly. Similarly, relying on third parties to manage these critical processes adds expense and risk.
SAP has new offerings to more easily conduct business internationally and comply with the latest customs regulations. The SAP governance, risk, and compliance (GRC) Global Trade Services application enables customers to more efficiently navigate myriad laws governing international trade.
The GRC solutions are certified by the Automated Broker Interface (ABI), which enables customers to automatically file their customs entries directly with the U.S. Customs and Border Protection (CBP) agency. In addition, SAP announced the SAP Electronic Invoicing for Brazil application, a new addition to the SAP portfolio of GRC solutions. This application enables companies doing business in Brazil to meet new requirements to file invoices electronically by providing automated, certified and secure interfaces to both state and federal government systems.
SAP solutions for GRC are part of Business Objects, which—combined with the Business Objects enterprise performance management (EPM) and business intelligence (BI) solutions—delivers a comprehensive portfolio for business performance optimization.
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