Cognizant Solution Overview
Decrease Costs & Risks of International Trade while Ensuring Compliance
Organizations across all industries must learn to compete in a global marketplace. And understanding the intricacies of global trade is key to their success. International trade, which reached $10 trillion in 2007, is expected to grow seven-fold by 2025. Globalization has its own set of challenges and opportunities, but the complexity of trade processes involving multiple entities often increases the risk exposure of many companies. And compliance requirements spiral as global trade grows. Business-critical questions faced by organizations dealing with global trade include: How to improve shareholder value by reducing logistics costs? How to ensure corporate-wide compliance for global trade world-wide? How to protect the brand names and reduce exposure to fines and penalties? SAP's GTM solution addresses the end-to-end logistics processes involved in global trade and enables businesses to standardize and streamline import and export functions to accelerate their global supply chains. It is a composite application build on the SAP NetWeaver platform that facilitates trading for global businesses in the international supply chain. GTM seamlessly integrates with software used by business partners across the supply chain and provides a comprehensive platform for managing all foreign trade processes by functioning as an integrated composite application. SAP's Global Trade Services (GTS) is integrated with GTM to ensure trade compliance and expedited cross-border transactions. Enabling optimum utilization of trade agreements through increased automation, GTM replaces
high-maintenance manual processes and provides an integrated global view of the international supply chain across the extended enterprise.
Increasing Government Mandates
Many companies are challenged to address and everincreasing array of governmental mandates related to global trade management . They include: Tighter national security requirements and additional legal responsibilities related to global trade business practices. Auditing and enforcement of all trade regulations per transaction and per country with multiple government rules. Strict adherence to changing regulations or risk of costly fines of $5k to $10k per instance, and imprisonment. Security initiatives requiring more internal control, record keeping, and audit trails. Implementing all trade regulations and security Initiatives with direct reporting capabilities to government. Managing anti-boycott / anti-terrorism regulations. Managing Export Administration Regulations (EAR). Managing Customs Trade Partnership Against Terrorism (C-TPAT). Implementing Container Security Initiative (CSI). Implementing SOX 404. Monitoring IEEPA amendments. Implementing Importers 10 + 2 CBP 24-hour notification ruling. The results of the CUP tool can also be ported to a solution manager to automate testing by using predefined test packages that our SAP Testing Practice has developed in house.
Cognizant's Solution for GTM
Cognizant has developed a robust Global Trade Management framework for delivering cost-effective solutions to organizations across the globe. We leverage the rich functionality of SAP's GTS and GTM? applications to provide enhanced compliance solutions to our customers. SAP Rapid Assessment / Advisory Services GTM Maturity Assessment & Solution Roadmaps. Solution Evaluation & Pilot Implementations. Compliance Preparedness & PMO Advisory Services. Industry Best Practice -- Guidelines & Analysis. SAP GTS Implementation / Value Enhancement Global Trade integration Customs Management Compliance Management Risk Management
Goods Movement
International Trade-Best Practices
Export Trade Mapping Seamless SOP Integration & Automation Import Trade Mapping
Export Trade Mapping Commercial Practices Compliance Requirements
Operational Processes
Import Trade Mapping Commercial Practices
Goods Movement
Compliance Requirements
Operational Processes
Data Flow
Data Flow
Internal Trade Environment External Trade Environment
Leveraging SAP GTS
SAP Global Trade Services (GTS) addresses: Cognizant's Upgrade Factory has a robust, standardized set of methodologies, processes, guidelines and templates required for upgrade projects that are built on Cognizant 2.0. Compliance Management Customs Management Risk Management E-Compliance Reporting It helps establish a single, corporate-wide standard for trade processes across SAP and non-SAP systems globally.
Save time and benefit from higher ROI through automation. Increased process efficiency. Audit readiness. Mitigation of financial risks. Enable electronic communication with authorities . Fulfill complex documentation requirements. Standardization of compliance processes. Bring Process centric collaboration. Centrally maintained compliance data. Lower IT maintenance costs.
Practice Overview
Built on a strong foundation of domain knowledge, solution expertise, delivery excellence and deep SAP partnership, Cognizant's SAP Practice is uniquely positioned to costeffectively address the business-IT challenges of customers. With our mature suite of service offerings including next generation services like SHARK & Instance Consolidation, Cognizant 2.0 our global knowledge sharing, collaboration and project management ecosystem and vast suite of tools, frameworks and solution accelerators such as Upgrade Plus, R-Maps, R2R Platform, & certified composites, Cognizant can help you maximize returns from your SAP investments, and accelerate time to value.
Business Benefits
Our GTS framework will help in managing all global trade transactions with a single, central solution.
Start Today
In a time when companies are relentlessly pushing to compete better, move faster, and fight harder, Cognizant is the global technology partner with a single-minded passion: Dedicating our systems expertise, industry intelligence, and global resources to make your business stronger.
Note: For more information on how to drive your business results with Cognizant, contact us at [email protected] or visit our website at http://www.cognizant.com.
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SAP Practice
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