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.

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Success Stories
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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
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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
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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
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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.
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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.
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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