SAP GTS

Maximizing Supply Chain Efficiency: the Impact of SAP GTS 

Supply chain efficiency management is critical for businesses to meet customer demands, control costs, and remain competitive in the global marketplace. It can also play a significant role in sustainability efforts, as optimizing the supply chain can lead to reduced resource consumption and waste. 

In today’s dynamic global market, optimizing supply chain is paramount for businesses to stay competitive.  

The benefits of ERP (Enterprise Resource Planning) in supply chain efficiency management have become possible due to the integration of its powerful feature sets. ERP systems offer a wide variety of solutions that meet the challenges of supply chain processes through their integrated and holistic approach to the company’s operations. 

supply chain efficiency

ERP systems’ ability to integrate different departments and functions within a company is one of their main strengths. It can provide real-time data sharing and full visibility across the entire logistics network, while integrating several systems and delivering a consistent database. 

Information is the backbone of effective supply chain management. It provides the insights and data necessary to make informed decisions, optimize operations, and ultimately deliver products or services to customers in a timely and cost-effective manner.  

Organizations that are committed to transforming data quality into a strategic asset are well-positioned to reap the benefits of advanced analytics in their supply chain efficiency management. 

That’s where SAP Global Trade Services (GTS) comes into play, revolutionizing cross-border trade management and compliance. 

SOLaaS GTS: Unlock your global potential

At Origen Tech, we understand the significance of seamless supply chain operations. That’s why we are excited to introduce Origen Tech’s cutting-edge Solution: SOLaaS GTS. 

SOLaaS GTS is designed to streamline international trade processes, mitigate risks, and ensure compliance adherence, all while bypassing onerous upfront costs, based on our subscription-like flexible financial model. 

By leveraging the advanced functionalities of SAP GTS through SOLaaS, companies can experience: 

✅ Enhanced Compliance: Stay ahead of ever-changing global trade regulations and avoid penalties with automated compliance checks. 

✅ Reduced Delays: Expedite customs processes, minimize border delays, and enhance supply chain responsiveness. 

✅ Increased Visibility: Gain real-time insights into trade activities, allowing proactive decision-making and risk management. 

✅ Cost Savings: Optimize duty management, minimize duty spend, and identify cost-saving opportunities. 

Don’t miss the opportunity to stay ahead in the global trade landscape! Learn more about SOLaaS GTS and how it can transform your supply chain efficiency: 

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SAP GTS for Trade Compliance

From Chaos to Control: How to Harness SAP GTS for Trade Compliance?

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The world of international trade compliance can be a daunting maze of regulations and complexities. As businesses strive to expand globally, the need for a comprehensive solution becomes paramount. 

Origen Tech offers a cutting-edge solution for SAP GTS, empowering businesses to bring order to the chaos of global trade. With a state-of-the-art platform, compliance becomes a seamless and efficient process. 

Key Benefits of Origen’s SOLaaS GTS: 

  • Streamlined Compliance Management: Simplify compliance tasks and focus on strategic growth without compromising on adherence to regulations. 
  • Real-time Regulatory Insights: Stay up-to-date with the latest changes in trade regulations to make informed decisions. 
  • Faster Customs Clearence: It facilitates smoother and faster customs clearance by automating custom document preparation, generating accurate trade documentation, and integrating with custom authorities and custom brokers, reducing delays at borders, improving supply chain agility, and enhancing overall customer satisfaction. 
  • Mitigate Risks: SOLaaS GTS offers tools for trade compliance screening, risk assessment, and monitoring, helping identify potential compliance risks, such as restricted party screening, and enabling businesses to take proactive measures to avoid legal and financial consequences. 
  • Increase competitiveness: It improves your competitiveness in foreign markets by avoiding or reducing import tariffs for customers in countries where free trade agreements exist. 
  • Cost Control: By automating trade processes and leveraging real-time data, allowing businesses to have better control over costs associated with cross-border transactions. This helps in identifying cost-saving opportunities, reducing duty rates by leveraging free trade agreements, optimizing duty and tax calculations, and minimizing unnecessary expenses. 
Tell me more about SAP GTS

By implementing Origen’s solution, businesses gain capability to streamline and automate their cross-border supply chain processes by utilizing SAP GTS, and enhance their global trade management, reduce costs, mitigate risks, and expedite customs clearance.  

Take control of your global trade endeavors with confidence and efficiency using SAP GTS and Origen Tech’s innovative approach.

Global potential with SOLaaS GTS

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Peru electronic invoice

Peru electronic invoice keep your solution updated!

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SUNAT is changing the XML almost monthly, so there are many new SAP notes on Peru electronic invoice to implement to keep your solution updated.
Peru electronic invoice

It is known that SUNAT have determined the mandatory use of the new UBL 2.1 version in electronic invoice from September 2019, but this is just an example.

What is the UBL Format? the UBL (Universal Business Language) format is intended to simplify the automation of financial information exchange using XML.

The types of documents that must have this new UBL 2.1 format are invoices, Boletas, credit and debit notes. This change will improve the quality of information and have a better order in the market.

These are some examples of the corrections and enhancements released by SAP in the last two years just for Peru electronic invoice – Document Compliance solution:

  • Filling billing document reference in Boletas Summary.
  • Withholding and collection tax certificate AIF mapping corrections.
  • Change for UBL 2.1 Payment Terms.
  • Proxy changes to enable Invoice solution for UBL 2.1.
  • UBL 2.1 mapping corrections for eDocuments.
  • Reading incorrect reference date for FI void documents.
  • Full screen XML display in eDocument Cockpit.
  • eInvoice and Boletas Summary Exception Handling

Also, now customers are using online boletas, summarized are also supported but people do not like it because the error handling in the summary is very difficult.

The latest XLS from SUNAT with requirements and validations is here (June 2021):

For LATAM companies running SAP ECC or S/4HANA, Origen’s Document Compliance offering can help to use a single SAP Platform for LATAM for e-invoicing and other electronic documents like withholding certificate, delivery note, payment complement, etc.

Know more about Peru electronic invoice: click here.

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SAP GTS

SAP GTS Advantages and Benefits

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SAP (GTS) Global Trade Services is a solution that allows companies to support and define import and export trade processes in SAP ERP. It reduces the time and costs of complying with global trade regulations and provides visibility into the supply chain while goods are in transit, which helps to resolve issues that can impede goods from clearing customs in a timely manner.

So, what are the main advantages and benefits of SAP GTS?

  • Origen’s expertise in foreign trade for global companies.
  • Ability to integrate SAP GTS with the main SAP solutions specific for localizing LATAM countries.
  • Origen Technologies is an official “Service Partner” of SAP America, which allows you to stay tuned with SAP’s best practices and innovations to meet the needs of all countries in the Americas.
  • Senior consulting team with communication fluent in English, Spanish and Portuguese.
  • Handle country specific requirements such as Siscomex integration for Brazil or Mexico’s IMMEX Maquiladora program, Anexo 24, etc.

What benefits can you get with SAP GTS?

  • Reduction of tax exposure and risk of fines.
  • Native integration of GTS with ECC and S/4HANA.
  • Standard features and extensibility features to meet the requirements of several countries.
  • Eliminate the headache of dealing with interfaces between SAP and specific regional non-SAP systems, interacting with different suppliers, communication challenges and competing agendas.
  • Global coverage: SAP GTS running as a single platform to manage business processes worldwide, reducing the effort to maintain interfaces with third party software.

Click on the below link to find out how Origen can help you to implement SAP GTS on your company:

https://origentech.com//service/sap-gts/

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SAP GTS

SAP GTS – Main Features

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SAP Global Trade Services (SAP GTS) automates global trade processes and enables the companies to manage large numbers of business partners and high volumes of documents, while also helping them to comply with changing legal regulations. It facilitates global trade by providing companies with the tools they require to respond to governments modernizing their systems and to customs authorities communicating electronically with businesses.

SAP GTS also helps to avoid costly delays in your import and export processes and allows companies to respond quickly to global business opportunities, while mitigating financial risks.

What are the main features?

  • Specific registration data for foreign trade compliance management
  • Classification of products and transactions according to customs rules
  • Sanction lists
  • Management of import export licenses
  • Customs import export declaration
  • Business preferences
  • Credit letter
  • Refund

Click on the below link to find out how Origen Tech can help you to implement SAP GTS on your company:

https://origentech.com/solaas-gts/

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