SAP S/4HANA Global Trade Management (GTM) enables businesses to automate and manage the complexities of international trade operations, such as import and export compliance, customs clearance, freight forwarding and more.
Read on to learn more about the solution, as well as how our senior-level consultants can help you maximize your overall SAP investment.
What is Global Trade Management in SAP?
SAP’s Global Trade Management module is a powerful enterprise resource planning (ERP) solution that helps companies streamline their global trade processes.
By providing comprehensive visibility into all stages of the global supply chain, SAP GTM makes it easier for companies to comply with international regulations while also reducing costs, gaining better insight into their global trade activities, and make more informed decisions for future investments.
SAP Global Trade Management consists of four main functionalities:
- Global trade automation
- International trade management
- Advanced analytics and insight into global trade activities
- Comprehensive tracking features
Automating Global Trade
SAP GTM provides tools that help companies automate their global trade processes, simplifying and streamlining complexities associated with international commerce. By automating tasks such as import and export compliance, customs clearance, freight forwarding and more, businesses can reduce the manual effort required to manage their cross-border transactions and save valuable time to be used on other tasks.
Global trade automation not only helps companies save time and reduce costs associated with tangible paperwork and other administrative tasks, but it also helps keep track of changes in laws and regulations around the world so companies can remain compliant with local requirements.
Managing International Trade
SAP GTM also helps companies optimize the management of their international trade operations. With GTM functionality, organizations can monitor their shipments from origin to destination and ensure greater control over their inventory levels and trade activities.
Additionally, having access to real-time data about goods in transit enables businesses to identify opportunities for cost savings through optimized shipment routes and more efficient customs clearance processes.
Leveraging Better Analytics
SAP GTM leverages advanced analytics capabilities to provide better insight into global trade activities. Companies can use predictive analytics features to analyze data related to past transactions and identify patterns and trends to be used to make better decisions about future investments.
Tracking and Monitoring Shipments
SAP GTM also offers comprehensive tracking features which give users a detailed view of every shipment from origin to destination and provides automated invoice management services. Improved tracking capabilities, advanced logistics, and better product classification allow companies to eliminate manual errors associated with billing processes and avoid costly mistakes or disputes between buyers and suppliers.
SAP’s advanced foreign trade functionality ensures accurate tracking and monitoring throughout the product lifecycle, while also enabling businesses to cut down on invoice processing times, save money, and improve efficiency throughout the enterprise.
Key Advantages of SAP GTM
- Better compliance controls for import and export of goods
- Seamless integration with SAP Watch List Screening and SAP Global Trade Services
- Improved customs clearance for foreign trade goods
- Better product classification with commodity codes in SAP S/4HANA and SAP GTS
- More accurate and efficient freight forwarding processes
- Comprehensive visibility into all stages of the global supply chain
- Advanced insight into global trade services and activities
- Reduced costs associated with automated manual processes and limited paperwork
- Quicker, more informed decisions about future investments
SAP GTM vs SAP GTS..What’s the Difference?
SAP Global Trade Management (GTM) and SAP Global Trade Services (GTS) are two distinct solutions offered by SAP to help companies manage their global trade operations more effectively. Here are a few key differences between the two solutions…
Scope of Services
The first major difference between GTM and GTS is in terms of the scope of services they provide. On one hand, GTS is a comprehensive solution that provides a wide range of services related to global supply chain processes, such as customs clearance, freight forwarding, shipping compliance, export control and more. On the other, GTM is a specialized tool that is focused on streamlining global trade management tasks and maintain legal control for the import and export of goods and products.
Depth of Visibility
Secondly, GTS offers deeper visibility into the entire supply chain process from origin to destination. The solution also provides detailed analytics to enable companies to identify opportunities for cost savings across the board, while also reducing risks associated with compliance-related issues. GTM provides only a broad overview of global trade activities and insights into past transactions, enabling businesses to make better decisions about future investments. The solution, however, does not give access to data about shipments in transit or any other details regarding goods moving along the supply chain.
Breadth of Functionality
Finally, GTM is designed specifically for managing international trade operations while GTS provides broader coverage across all areas related to global supply chain processes, including sales order management, shipment tracking, and logistics planning. So, while GTM can offer great value in terms of automating import and export processes and handling invoice management activities with greater accuracy, GTS can provide an end-to-end solution for optimizing complex supply chain activities from start to finish and leveraging advanced analytics tools for improved visibility throughout the entire supply chain.
Partnering with Experts
Interested in learning how SAP S/4HANA for international trade management can help your organization? Surety Systems can help!
Our team of senior-level SAP consultants has the skills, experience, and technical expertise needed to lead your team to success, regardless of the size, scope, or scale of your project.
How Can We Help?
Whether you need help integrating SAP GTM and SAP GTS or additional support optimizing international trade functions, our consultants are here to help.
And, to give you a better idea of what to expect when working with us, we’ve included a sample profile of one of our SAP GTM consultants:
Surety Senior SAP Global Trade Management Consultant
- US Citizen
- 20+ years in the Global Trade Industry
- Provides Functional and Technical support for Global Trade Management and ERP Automation
- Completed 12+ implementations of SAP GTS
- Strong with Broker Interfaces and Free Trade Agreements
- Extensive experience in implementing Order Processing, Transportation, Export, Import, Customs, & Compliance Management
- Strong working experience in SAP S/4HANA
Your company. Your operational needs. Our expertise.
Contact us to learn more about our consulting services or get started on your SAP journey.