Achieving Break-Through Savings and Improved Trade Compliance
Solution: To support growth, they required a system to support harmonized tariff schedule classification activity of imported goods to Canada, US, and Mexico, as well as automated sanctioned-party screening and embargo checks at the business partner and transaction levels, and ability to control costs by managing requirements for free-trade agreements (FTAs).
Results: The Company estimates that being able to use the solution for FTAs has saved it an incremental US$1 million. Now, they can 1) utilize a proactive management-by-exception approach on trade transactions 2) gain better auditability and reconciliation of data submitted to brokers and 3) improved visibility of data entries, down to the part-number detail, for improved landed cost analysis.
About the Solution Provider: As the market leader in enterprise application software, SAP is at the center of today’s business and technology revolution. SAP helps you streamline your processes, giving you the ability to use live data to predict customer trends – live and in the moment. Across your entire business. When you run live, you run simple with SAP.
