SAP BusinessObjects Global Trade Services Handles Complex Compliance Checks

by D. Rajen Iyer, Practice and Program Head, Kryaa

Discover how to perform an import and export check using SAP BusinessObjects Global Trade Services.

Categories: Compliance, Global, SAP BusinessObjects Global Trade Services

Key Concept

Export and import compliance checks involve performing trade compliance checks against outbound and inbound transactions (such as sales orders, delivery notes, stock transport orders, vendor purchase orders, or inbound deliveries). Both export and import checks entail performing three trade compliance checks: screening the Sanctioned Party List, checking for embargos, and determining the proper licenses. The key difference between the export and import checks is the country key used to perform them. Export checks use the departing country’s regulations, while import checks use the destination or receiving country’s regulations.

Every business transaction that crosses a border, whether outbound or inbound, needs trade compliance checks. Compliance checks involve checking all the business partners that are in the shipping document against the Sanctioned Party List to make sure that the country being shipped to is not under embargo, and whether the product being shipped needs a license or license exemption.

Say you have an outbound delivery. Before the delivery leaves, you have to check the business partners to whom the item has been sold or shipped to, the bill-to party, the freight forwarder, and the third-party shipper. You also have to perform a Sanctioned Party List screening against all business partners, check the countries associated with the ship-to party or the ultimate consignee where the product will land, perform an embargo check against the country where the product is being shipped to, and determine the appropriate licenses against the ultimate consignee. So how does SAP BusinessObjects Global Trade Services help?

SAP BusinessObjects Global Trade Services can automate all these checks to make the process faster and easier. You can configure the system to propose what licenses you’ll need and perform all your screening transactions and business partner checks against the Sanctioned Party List. This leaves you time to look only at the exceptions, such as potential matches in the Sanctioned Party List. Most importantly, your trade doesn’t become bottlenecked with manual compliance checks that can be unpredictable and error prone.

I will highlight the differences between Sales and Distribution: Foreign Trade (SD-FT) and SAP BusinessObjects Global Trade Services. I’ll show you how to perform export and import checks in each system.

Would you like to see the full version of this article?

If you are an electronic license holder to GRC Expert, please click here to log in.

If you would like information about becoming an electronic license holder — and having 24/7 unrestricted access to all articles and content in the GRC Expert online knowledgebase — click here to see the available subscription options.

Or call 1-781-751-8799 to speak directly with a subscription and licensing specialist about customized access for you and your team.

Isn't your SAP implementation worth world-class information support?

Copyright © 2010 Wellesley Information Services. All rights reserved. Email: customer.service@grcexpertonline.com.
GRC Expert, 20 Carematrix Drive, Dedham, MA 02026, USA.
Sales and Customer Service: 1-781-751-8799
SAP and the SAP logo are trademarks or registered trademarks of SAP AG in Germany and several other countries.