Compliance & Customs Management using Invoice Integration Functionality

By: Krypt Team - December 4th, 2020

Authored by: Vijendra Kargudri

Interconnected Global Trade & Supply Chain

There is no denying that global businesses are interconnected. So are all the underlying global trade & supply chain processes interconnected!

These processes are highly complex and require documentation to meet the mandatory compliance & customs management mandated by the customs authorities.

Documentation for Customs Declaration

Being interconnected, Global Trade & Supply Chain processes require information sharing to make all the ensuing tasks seamless & efficient. Every major business uses an SAP or non-SAP ERP system to facilitate these processes. Automation is required to transfer information back and forth between the ERP system and global trade and supply chain functionalities of SAP. In a typical SAP setup, SAP S/4HANA can provide the Invoice to SAP GTS system to generate the Export Documentation for the Customs Authorities and can also provide the Supplier & Vendor Invoice to SAP GTS to generate the Import Documentation for customs clearance.

Additionally, SAP Transport Management’s Freight Order can also be used to send the Information to SAP GTS to generate the Export or Import Documentation for customs clearance.

How can Krypt Help?

Krypt is a preferred SAP partner and can help integrate the most comprehensive standalone global trade and supply chain functionalities. If your business operates in the global trade or supply chain landscape and are looking for automation of compliance and customs management. Then, please DOWNLOAD Krypt’s whitepaper titled – Invoice Integration with SAP GTS using SAP S/4HANA or SAP TM on SAP S/4HANA.

Krypt’s has helped many businesses with integration & implementation of SAP GTS, SAP TM, SAP IBP, and SAP EWM.

If you wish to know more about our products/services, please request a DEMO or do contact us.