sap gts
SAP GTS – A
Beginner’s Training Guide for Students
Introduction
In
today’s interconnected world, businesses operate across many countries. They
buy raw materials, sell finished products, deal with customs, and follow
international trade regulations. But global trade is not as simple as just
selling and buying. Each country has its own rules, duties, taxes, and security
checks. If a company does not follow these rules, it may face heavy fines,
customs delays, or even trade restrictions. To avoid such issues and ensure
smooth international operations, many organizations use SAP GTS (Global Trade
Services).
What is SAP GTS?
SAP
GTS is a software application from SAP designed to support companies in
managing their international trade processes. It ensures that imports and
exports comply with global and local government rules. In simple words, SAP GTS
works like an intelligent assistant that manages compliance, documentation, and
communication with customs authorities.
Why is SAP GTS Important?
Conducting
international trade is full of challenges:
- Different trade laws across countries
- Large amounts of paperwork such as invoices, shipping documents, and customs
declarations
- Risk of penalties for non-compliance
- Security checks on restricted products and business partners
SAP GTS minimizes these risks by automating processes, making global trade
faster, safer, and legally compliant.
Key Functions of SAP GTS
Compliance
Management
Verifies that trade partners are not restricted or banned.
Checks products against embargo or restricted product lists.
Prevents fines and legal troubles.
Customs Management
Handles electronic communication with customs.
Automates the preparation and submission of import/export declarations.
Speeds up clearance at borders, ports, and airports.
Risk Management
Manages duties, tariffs, and taxes.
Calculates landed costs (product price +
shipping + duties).
Helps reduce financial risk through accurate costing.
Trade Preference Management
Checks if goods qualify for reduced duties under free trade agreements (e.g.,
NAFTA, EU-India).
Ensures companies take advantage of trade benefits to save costs.
Integration with Other SAP Modules
SAP GTS works in connection with other SAP
systems such as:
SAP SD (Sales and Distribution) Supports
export sales and shipping processes.
SAP MM (Materials Management) Manages
imports and purchasing.
SAP FI (Finance) Handles customs duties,
taxes, and financial reporting.
This integration ensures smooth and accurate handling of all trade-related
processes.
Benefits of SAP GTS
-
Quicker and more accurate customs clearance
- Less paperwork and fewer manual errors
- Full compliance with international trade laws
- Cost savings through duty benefits and trade agreements
- Stronger protection against illegal or risky trade partners
When
it comes to SAP GTS Corporate Training, we can say proudly that we have
received excellent feedback and appreciation from our corporate clients across
the globe. You can reach us for SAP GTS corporate training and we can even
customize the training content as per your requirement.
Conclusion
SAP
GTS acts as a global trade manager for companies. It helps businesses move
goods across countries without legal issues or unnecessary delays. For
students, it is important to note that while manufacturing and sales are vital,
compliance with trade laws is equally critical in international business. SAP
GTS provides the right digital solutions to achieve this.
As global trade continues to expand, professionals with SAP GTS knowledge will
remain in high demand, since companies worldwide must stay compliant and
competitive.
For more info:
Mobile/WhatsApp number- INDIA+919036511943 USA +19179939711
Email id- contact@techmunus.com
Website url- https://www.techmunus.com/page/sap-gts-training
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