White Papers
Business Consulting
The Importance of a Healthy SPL System
Sanctions and Trade compliance awareness has increased a great deal in the last decade, as enforcement and changing global conditions have led to increased public awareness. It is uncommon to find global organisations without Sanctioned Party Screening system or process in place.
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The importance of accurate tariff classifications in a climate of trade wars
Tariff classifications have always been an essential part of trade compliance. Now, in the current combative global trade environment, it is more critical than ever to get them right! Krypt considers HTS classification one of the most important links in the Compliance Chain. A weakness in your classification program will undermine all other aspects of your compliance program.
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Best Practices for SPL Using SAP GTS
"SPL" is short for Sanctioned Party List. Alternatively referred to as Denied Party Lists or Restricted Party Lists, these terms can also have different meanings. While there is no industry standard terminology or meaning, for the sake of simplicity we will use SPL to refer to all variations of that term.
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Krypt Artificial Intelligence automates Product Classification, saving Costs & reducing Duties in SAP GTS
Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing (NLP), speech recognition and machine vision.
In the subsequent sections, we are going to explore how to use the Artificial Intelligence to classify the repetitive but expert task of Product classifications can be transitioned to Krypt Artificial Intelligence.
In the subsequent sections, we are going to explore how to use the Artificial Intelligence to classify the repetitive but expert task of Product classifications can be transitioned to Krypt Artificial Intelligence.
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Success Stories
Krypt's partnership with Albemarle, especially in automating our freight settlement, allowed us to optimize both our internal and external customer experiences and operate at peak processing efficiency on a global level. Also through reporting and visibility automation, we were able to drive out a lot of errors and oversights.
Lisa Entrekin - Logistics Technology & Network Optimization, Albemarle
Once the business team determined to go with TM & GTS integration, partner selection was our next crucial step. After several demo's, evaluations and deep dive RFP sessions, we chose to go with Krypt. Being a Live project, Krypt team has been really great partners with JBS in relation to understanding our processes and challenges as a company.
Prathvi Kotian - Technology Analyst, SCM, JBS
There are certain products in the SAP landscape which still needs a boutique approach to like GTS. There are only a handful of players and Krypt is one of them. I really recommend Krypt to be part of your RFP Process.
Rhett Fuller - Associate Director, Bristol-Myers Squibb
Thank you for consistently demonstrating the level of dedication that has been helping to make our program successful.
Doug Whitman - Director, Global Trade Compliance & GTS Global Process, 3M
I wanted to thank Krypt for your many contributions these past few months in support of our Brexit deployment. Krypt's efforts have been instrumental in helping 3M's Trade Compliance Organization navigate through a good deal of uncertainity.
John Hickman - Chief Product Owner, Global Trade Services, 3M
Krypt Inc - our trusted partner - delivers innovation to the SAP Global Trade space by providing SAP's GTS on the cloud. Krypt's Cloud offering along with Krypt Connect will allow any company, irrespective of size, industry or application platform, to leverage SAP GTS's superior Trade functionality.
Kevin McCollom - Group Vice President, General Manager - SAP Governance, Risk, Compliance Solutions, SAP
As the Project Manager for SAP Global Trade Services at Varian Medical Systems, I can very honestly say that Krypt exceeded our expectations. Our project had a very rocky start as we originally partnered with another vendor as our Solution Integrator; but at the end of the Blueprinting Phase we excused that other vendor and worked directly with Krypt - which turned out to be a very wise decision. Krypt did an excellent job working with our very complicated supply chain which includes several different Business Units and plants around the globe - all of which have different Business Processes in the Supply Chain.
Jason Jester - Manager Enterprise Applications, Varian Medical Systems
The evidence of the quality of work of the whole Krypt team have invested in our Worldwide Exports and European Imports SAP GTS 10.0 deployment is visible in the LACK OF POST PRODUCTION ISSUES!
Mike Zill - EVP and CIO and Don Abbey, EVP QRA, CareFusion
Pelican products was able to consolidate all the trade processes within one system using SAP GTS. Krypt helped deploy a Rapid and Robust Solution with complete automation of export documentation, which lead to 80% time savings from the manual declarations.
Paul Sohn - Business Applications Manager, Pelican Products Inc.
The Krypt team's technical expertise, thoroughness and speed of delivery ensured that we could get the comprehensive functionality we needed from SAP Global Trade Services in the shortest possible time.
Siva Narayanan - Maritime, Warehousing, and Logistics Manager, Rhodia Inc.
Graybar implanted SAP GTS 10.0 using Krypt's rapid implementation methodology. Thanks to Krypt, the project was successfully completed on-time and on-budget with Krypt and Graybar business, technical and ABAP resource collaboration.
Paul Unruh - Director, Business Technology, Graybar Electric
