Why SAP GTS?
Key Takeaways
⇨ As businesses expand and offer their products worldwide, trade compliance has become more crucial than ever.
⇨ The complexities of global trade, the need for accurate documentation, and an efficient process requires businesses conducting international trade to utilize a global trade management system.
⇨ SAP Global Trade Services (GTS) is SAP’s solution for managing the complex trade compliance requirements
As businesses expand and offer their products worldwide, trade compliance has become more crucial than ever. At the same time, international trade regulations are becoming more complex as countries formulate stricter regulations. Businesses need to equip themselves with systems and solutions to address and navigate complex global trade compliance rules and requirements accurately and efficiently. The complexities of global trade, the need for accurate documentation, and an efficient process requires businesses conducting international trade to utilize a global trade management system. In 2001, SAP released SAP Global Trade Services (GTS), SAP’s solution for managing the complex trade compliance requirements. SAP GTS has evolved through the years into a world-class trade compliance system, and the latest release is GTS E4H or GTS Edition for HANA.
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