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Global
Global
- 6 Tips for Going Global with Extra Savoir-Faire
by Charles Eubanks, Senior Manager, SAP HR Integration, ARINSO International
Whether you’re just beginning a global project or are already supporting SAP HR in multiple countries, this advice will help keep your project on the right track.
- A Checklist for Developing Your Global Template
by Sameer Page, Program Manager (March 2009)
Discover the components of a global template and the advantages of implementing it across an enterprise.
- Ask the SAP GRC Expert: Demystify Foreign Currency Valuation with F.05
by Drs. Stef Cornelissen, SAP Consultant, Proxyon B.V.
If your company has open items in foreign currencies, you need to know how exchange rate fluctuations are affecting your bottom line. Learn the ins and outs of a highly useful but sparsely documented transaction and gain a complete view of currency valuation.
- Automate Global Import/Export Processes Across Your Enterprise with SAP GTS
by D. Rajen Iyer, SAP America, Inc.
For many companies, import/export trade processes are conducted manually. Automating these processes will reduce errors and reduce costly maintenance. SAP has introduced Global Trade Services (GTS), an application that runs on the NetWeaver platform, to help automate processes whether they run within or outside the R/3 enterprise structure. Get an inside look at GTS’s capabilities with this article.
- Automate Online Export Declarations to Germany with ATLAS
by Venkat Jammi, Lead Consultant, and Rajen Iyer, CPIM, PMP, Krypt (July 2010)
Understand ATLAS, the online automated export declarations system for outbound shipments from Germany, including the system architecture and how to implement it. Walk through the configuration and associated system setup to enable the process and the communication.
- Behind SAP’s Internal IFRS Project
by Davin Wilfrid (September 2009)
Like most global businesses with subsidiaries in dozens of countries, SAP’s reporting requirements are daunting. The looming switch to IFRS in the US has complicated things even further, requiring SAP to implement a parallel accounting structure to account for both US GAAP and IFRS reporting rules. See how the company was able to manage this complex project successfully, and how it plans to build on IFRS for the future.
- Build and Implement a Rock-Solid Compliance Framework for Your IFRS Conversion Project
by Kehinde Eseyin, Systems Support Manager, TOTAL Nigeria PLC, Nigeria (July 2009)
Many countries already operate under International Financial Reporting Standards (IFRS), while the US, among other countries, may be joining the fray. To simplify the conversion from your local reporting standard to IFRS and better manage the associated compliance risk, organizations must adopt strategies and best practices based on a proven compliance framework.
- Communicate with Customs Using AES in SAP GRC Global Trade Services
by D. Rajen Iyer, CPIM, PMP, Kryaa
Set up SAP Global Trade Services Customs Management to take advantage of Automated Export System communication with US Customs and Border Protection.
- Corporate Governance in the US, Singapore, and India: How Does Sarbanes-Oxley Compare?
by Vivek Sadhale, Company Secretary and Head – Legal, Vikas Agarwal, Deputy Manager – Secretarial, Amit Atre, Assistant Officer - Secretarial, Persistent Systems Limited (March 2009)
Many parts of corporate governance codes are similar from country to country. The United States’ Sarbanes-Oxley Act is the most well-known code, and many countries’ efforts toward corporate governance resemble it. See how India and Singapore — two countries in much different socioeconomic climates than the US — handle corporate governance in comparison to the US.
- Discover the Financial Aspects of Trade Compliance with GRC Global Trade Services
by Rajen Iyer, Practice and Program Head, Kryaa
Although SAP GRC Global Trade Services works very closely with logistics and interfaces with supply chain processes, it affects Financial Accounting in a number of ways as well. Learn how the functionality affects finance functionality and features directly and indirectly.
- Distribute Critical Data Among Multiple SAP Systems by Using Change Pointers
by Rajen Iyer, Practice and Program Head, Kryaa (June 2009)
Using change pointers allows you to select exactly what data you want integrated systems to communicate to each other. See an example of the functionality with SAP ERP Central Component and SAP BusinessObjects Global Trade Services.
- GTS Import Functionality Makes Clearing Customs a Snap
by D. Rajen Iyer, SAP America, IncConsulting Inc.
Importers must monitor and coordinate aspects of the importing process such as permits and admissibility requirements. Find out how SAP Global Trade Solution import functionality helps importers meet changing regulations, inspections, and other demands.
- Handle Partially Reclaimable VAT with Pro-Rata VAT Functionality in Your SAP System
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (October 2009)
Many organizations in the EU use Value Added Tax (VAT) on certain sales. However, not all sales allow VAT charges. If you’re a company providing products that are both VAT-eligible and VAT-ineligible, how do you account for this in your system? See how to set up and customize pro-rata VAT in your SAP system.
- How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards
by Kehinde Eseyin, Systems Support Manager, TOTAL Nigeria PLC, Nigeria (December 2009)
Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more.
- Identify Non-Compliant Transactions Faster and Reduce Costs with GTS Business Package
by D. Rajen Iyer, SAP America, Inc.
Trade services representatives and compliance managers need a variety of reports for screening and monitoring business partners and countries under embargoes as well as for general importing and exporting checks. With the GTS Business Package, they can stay current with circumstances related to their business partners, transactions, and verify sanctioned or embargo situations as well as retrieve export and import data.
- IFRS Adoption for US Companies: A Primer
by Anurag Barua, Senior Manager (July 2009)
Worried about the impending US conversion to International Financial Reporting Standards (IFRS)? See some quick hints about things you should know and places you can look for information as the landscape changes.
- Improve Operational Effectiveness by Properly Loading and Monitoring SPL Data
by Rajen Iyer, Krypt / Kryaa (September 2009)
Review the operational considerations and the effective use of sanctioned party list functionality in SAP BusinessObjects Global Trade Services. See how to index business partner records effectively and manage your content and operational activities.
- Improve SPL Screening Performance to Ensure Compliance with Your Global Business Partners
by Rajen Iyer, Krypt / Kryaa (August 2009)
A sanctioned party list (SPL) screening involves screening your business partners against the respective government-published denied party list (DPL). You can set up SAP BusinessObjects Global Trade Services to ensure that your system keeps your legal business partners in order.
- Is Your Foreign Currency Revaluation FASB 52 Compliant?
by Susanne Finke, SAP Consultant, ZANN Consulting Inc.
Compare methods of configuring and executing foreign currency revaluation in your SAP system to determine which method best suits your needs while meeting US Financial Accounting Standards Board Statement No. 52 (FASB 52) requirements, which govern foreign currency revaluation.
- Keep Your Order-to-Cash Documents’ Integrity Intact within a Global Trade Compliance Program
by William Newman, Managing Principal, Newport Consulting Group (August 2010)
When considering standard and non-standard order-to-cash processes, you can employ key workarounds to preserve standard SAP documents as the system of record. Understand the document flow of an order-to-cash process within a global trade operation, as well as the effects on plant operations. Then step through four example adjustments you can make to your order-to-cash process that keep you compliant with global trade policies and regulations.
- Meet Your Complex ITAR Requirements Using Agreement and License Types
by Rajen Iyer, Practice and Program Head, Kryaa
See how to set SAP GRC Global Trade Services to use the appropriate agreement and license type for your imports and exports.
- Part 1: Handle Foreign Currency Risk with SAP Exposure Management
by Gopa Kumar, Senior Consultant, and Ajay Furtado, Principal Consultant, Fourth Signal (December 2008)
Discover the features in SAP Exposure Management that help you mitigate risk and maintain hedge procedures in part 1 of a two-part series on the functionality.
- Part 2: Handle Foreign Currency Risk with Exposure Management
by Gopa Kumar, Senior Consultant, and Ajay Furtado, Principal Consultant, Fourth Signal (February 2009)
Analyze and properly maintain your exposures in SAP Exposure Management before transferring them to SAP Hedge Management.
- Part 2: Set Up
Preference
Processing to
Delineate Customs
Tariff Priorities
and Manage Risk with
Global Sourcing
by Rajen Iyer, Practice
and Program Head,
Kryaa (December
2008)
See how to set up and perform preference processing within your global customs practices through your supply chain in both SAP ERP Central Component and SAP GRC Global Trade Services. Preference processing allows you to capture and determine the duty preference, drawback, and allowance based on the country of origin and tariff for the product.
- Prepare Your R/3 System Now for the International Accounting Standards Deadline
by Drs. Stef Cornelissen, SAP Consultant, Proxyon B.V.
Impending deadlines for compliance with the International Accounting Standards (IAS) will require hard work on the part of many accountants and R/3 specialists. The problem posed by IAS is that, in most cases, two or more sets of figures have to be managed because of the differences among IAS, US GAAP, and national fiscal reporting.
- Prepare Your SAP Financials System for the Single Euro Payments Area
by Juergen Weiss, SEPA-now Consulting
Become familiar with the regulations of the Single Euro Payments Area (SEPA) and its consequences for companies doing business in Europe. Get an overview of the SEPA functions delivered within the SAP Financials system and understand for which SAP releases they are available. Learn how you can activate and configure the SEPA functions in the SAP Financials system.
- Prepare Your SAP System for Electronic VAT Declaration
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (August 2010)
More and more countries in the EU are allowing electronic declaration of Value Added Tax (VAT) reports. See the configuration and technical settings you can implement in your SAP system to enable you to electronically submit VAT to tax authorities.
- Properly Manage Your GRC Initiatives with Standardization, Optimization, and Automation
by Keerthana Mainkar, Senior Consultant, Enterprise Risk Management Service, Infosys Technologies Limited,
and Raghupathi Cavale, Associate Vice President, Infosys Technologies Limited
Effective controls ensure that a company complies with regulatory requirements, but they should also be cost effective. Standardization, optimization, and automation can improve the efficiency and cost-effectiveness of compliance.
- Quick Tip: 5 Considerations for Outsourcing Your IT Systems Audit
by Richard Hunt, Director, Turnkey Consulting
If you’re considering outsourcing your IT systems audit, you need to review important aspects of your relationship with a third-party specialist before moving forward.
- Quick Tip: 7 Reasons You Don't Need to Reconcile VAT and Intrastat Reports
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
See the differences between Value Added Tax (VAT) reporting and Intrastat reporting that show why it is not possible in some situations to reconcile VAT and Intrastat reports.
- Quick Tip: Comply with Capital Goods Reporting for France, Spain, and Portugal
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (June 2009)
You can set your SAP system to automatically create an adjustment posting to report capital goods invoices separately, as required by some countries.
- Quick Tip: Six Steps to a Successful Localization Project
by Christine DiLacqua, President, CQ2 Consulting LLC
If your company conducts business within the Pacific Rim, it is crucial to evaluate your ability to meet local language requirements. With a focus on Asian countries, the author suggests six helpful hints aimed to address the translation concerns of a globalization/localization project.
- Report Foreign Payments with the SCB Indicator to Comply with Foreign Trade Regulations
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Get an understanding of the State Central Bank (SCB) indicator, which you can use to fulfill legal foreign trade regulations. See an overview of the mandatory and optional customizing settings that are necessary to process the SCB indicator in the correct way in your SAP system. Discover where to find the SCB indicator within the financial transactions in your SAP system.
- 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.
- SAP E-Recruiting Part 3: Source Talent Globally While Supporting Local Regulations and Business Needs
by Mark Ingram, Solution Manager, SAP Labs, LLC; and Mitch Burton, Principal Consultant, TRM Technology
Recruiting practices not only determine the quality of your employees but also must comply with local and international business laws. Learn the important considerations for using SAP E-Recruiting in a global environment. Most of these tips for using SAP E-recruiting are also valid for single-country deployments.
- Set Up Preference Processing to Delineate Customs Tariff Priorities and Manage Risk with Global Sourcing
by Rajen Iyer, Practice and Program Head, Kryaa
This walk-through of the configuration steps for Preference Processing within SAP GRC Global Trade Services Risk Management shows how to address tariff preferences in your trade application and systems. It includes setting up the communication between SAP GRC Global Trade Services and SAP ERP Central Component.
- Set Up Purchase Account Management to Fulfill EU Legal Requirements
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Within several European Union countries it is legally required to report within the G/L the acquisition costs of materials that are put on stock. The SAP system uses functionality called Purchase Account Management to meet this requirement. Discover what this functionality is, how to set it up, and what the result looks like.
- Set Up Tax Codes to Properly Report Deferred VAT
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Deferred Value Added Tax (VAT) is a special VAT that you only need when reporting to the tax authorities after the related invoice has been paid. See how to do this in the SAP system by linking a special target VAT code to a deferred VAT code.
- Simplify Your Bonded Warehouse Reporting with SAP BusinessObjects Global Trade Services
by Rajen Iyer, Practice and Program Head, Kryaa (May 2009)
Understand how to configure and set up bonded warehouse with SAP BusinessObjects Global Trade Services and SAP ERP Central Component. In doing so, you can meet the requirement of recording transactions and movement of goods within the free trade zone or bonded area with your logistics system.
- Simplify Your Intrastat Declarations Processing and Reporting in Different File Formats
by Ravi Kalluri, SAP BusinessObjects Global Trade Services Consultant, Accenture Services Pvt Ltd (May 2010)
Learn the electronic compliance reporting functionality that comes in SAP BusinessObjects Global Trade Services, both from a feeder system communication and configuration perspective.
- Stay Compliant with Export Controls Automatically Using SAP GTS
by D. Rajen Iyer, SAP America, Inc.
Export control processes can bog exporters down with endless amounts of documentation. Automating these processes improves efficiencies, saving companies both time and money. SAP’s Global Trade Services (GTS) helps automate export controls.
- Streamline Your Parallel Accounting with the New G/L Ledger Solution
by Aylin Korkmaz, Manager, Accenture UK
See how to set up parallel accounting with the ledger solution in the new G/L with three procedures: ledger definition, currency valuation, and asset accounting.
- Tackle Changes to Inventory, Cash Flow, and Benefit Regulations with SAP ERP
by Kehinde Eseyin, Systems Support Manager, TOTAL Nigeria PLC, Nigeria (January 2010)
Review some accounting standard changes, including changes to foreign exchange rates, inventory, and benefits, and see how the SAP ERP system can address them.
- Use Recycling Administration for Better Environmental Fee Reporting
by Dietmar Giljohann, R/3 Business Systems Analyst
Environmental regulations differ throughout countries, leading environmental fee reporting to be very difficult. See how an SAP add-on — SAP Recycling Administration — works to keep your data consistent and in line with the different regulations.
- VAT Changes Coming in 2010: Are You Ready?
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (April 2009)
Because of the continuous extension of the European Union (EU) and the lack of alignment of local Value Added Tax (VAT) rules, VAT-related fraud is increasing and has resulted in unequal competition among suppliers in different countries. To reduce fraud and give suppliers equal treatment regardless of their country, VAT rules for services between EU countries will change starting in 2010. Learn about the consequences for your SAP system.
- What the Wizards Don't Tell You About Intrastat Reporting
by Kees van Westerop, SAP Consultant
Enterprises based within a member state of the European Union (EU) are legally required to report their goods movements to and from other member states. These reports are called Intra European Community Trade Statistics (Intrastat) reports. In most cases, this requirement also applies to European subsidiaries of American companies. The author explains how to set up Intrastat in R/3, how it is integrated within the R/3 modules, and how to create the reports. He also gives customizing tips not covered by the SAP-provided wizards that guide you through the process.
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