SAP has enhanced its cross-border global trade software. The new version of SAP Global Trade Services (SAP GTS) helps global companies standardize and streamline end-to-end import and export processes to accelerate cross-border transactions and ensure trade compliance. Functionalities in the new version allow companies to automate the letter-of-credit preparation process.
SAP GTS customers can now take advantage of automated customs warehousing procedures, helping them to defer or eliminate duty payments. In addition, the upgraded application supports compliance with the upcoming mandatory Automated Export System filing requirements, which will affect exporting companies in both the United States and Europe. SAP GTS also helps reduce costs because it allows all processes related to international trade to be managed within one enterprise-wide application.
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