Many companies that do business globally have automated their supply chains, yet they continue to rely on costly manual import/export trade processes. This is especially surprising in light of increased restrictions due to security concerns, low-cost sourcing abroad, and a greater reliance on distributed manufacturing. The manual processes create bottlenecks within supply chain processes and add unpredictable lead times to the cycle. An automated Global Trade System can overcome these problems and increase customer satisfaction.

Export control is a critical aspect of international trade. Countries for various reasons ranging from national security to foreign policy requirements to international treaty obligations as well as for terrorism concerns and human rights related issues impose controls. In addition to all the bad press a company may receive, falling out of compliance can result in increased government scrutiny, loss of export privileges along with civil or criminal penalties or both.

• Reduce Risk and Be Compliant

• Product classification (Export Control Class, Harmonized Tariffs System)

• Electronic document submissions

To ensure that your company receives goods on time, customs clearance procedures must be strictly adhered to. When entering a country, goods face a host of import processes to clear customs including inspection, appraisement, classification and liquidation. Some countries require an importer to have a license, permit, or other certification, depending is being brought in and what laws are in place and requirements are met.

It is the importers’ responsibility to ensure imported goods meet admissibility requirements including proper marking, safety standards, etc. They must also obtain all necessary permits in advance of the goods’ arrival, observe all duty rates when goods arrive, and make sure the all requisite documentation is filed with the proper authorities thorough out the import evolution.

 With Global Trade, Krypt can help you with the following different areas: 

• Export processes, within areas of content management, Classification Management, Sanctioned Party Screening, Embargo and most importantly the licensing

• Import processes, within the areas of content management for import classification, duty, and declarations and electronics communications

• Preferential treatment, taking benefits of the international agreements and help you implement the solution

• Risk Management, helps you manage the risk by implementing a comprehensive trade solution

• Electronics Compliance reporting and Restitution, helps manage the intrastat and extrastat reporting with the European Union

• We can help you implement the entire SAP’s GTS solution, which might involve interfacing with SAP ECC or SAP R/3 as the backend, SAP CRM and SAP SRM interfaced or a non-SAP backend system with Business Intelligence for reporting and Enterprise portal for user interface. We cover the entire gamut of the SAP’s GTS system solution. We have all the expertise you need and you can rely on us for implementation, support and any services related to the Global Trade Services

Krypt has build a knowledge base based on Industry, country regulation and various implementation, which helps Rapid Deployment of Robust Trade Solution: 

• We tap the potential of preconfigured business content, the tools, and the documentation that you need for a fast and smooth implementation

• We use case studies to guide our implementations

• We make use of best practices either recommended by SAP or if we learned over our implementations

• We make use of tools, where ever possible, for example transfer and generation of master data, migration from one system to another

• We make use of templates and reference guide to accelerate the implementation

• We make use of reusable, business process-oriented, pre-configuration units, which you simply have to assemble to obtain your desired installation

• We focus on the 80 / 20 rule, Configured core business processes, where the maximum value comes from for the business and than address unique ones