Practical Guide to SAP GTS Part 1: SPL Screening and Compliance Management

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(as of Dec 19,2024 17:13:48 UTC – Details)

ASIN ‏ : ‎ B0CD2P2KYY
Publisher ‏ : ‎ Espresso Tutorials GmbH; 2nd edition (July 27, 2023)
Publication date ‏ : ‎ July 27, 2023
Language ‏ : ‎ English
File size ‏ : ‎ 31087 KB
Simultaneous device usage ‏ : ‎ Unlimited
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled

SAP Global Trade Services (GTS) is a powerful tool that helps businesses navigate the complexities of international trade compliance. In this practical guide to SAP GTS, we will cover the basics of SPL screening and compliance management to help you effectively manage your global trade operations.

1. Understand SPL Screening:
Screening against the Denied Party List (DPL) and other sanctioned party lists is a crucial step in ensuring compliance with trade regulations. SAP GTS provides a comprehensive SPL screening functionality that allows you to automatically screen business partners, customers, and vendors against these lists to prevent any unauthorized transactions.

2. Set up SPL Screening in SAP GTS:
To set up SPL screening in SAP GTS, you will need to configure the relevant lists, rules, and screening parameters. You can also customize the screening process to meet your specific compliance requirements. Once set up, SAP GTS will automatically screen all relevant business partners and transactions to identify any potential compliance risks.

3. Monitor Compliance:
In addition to SPL screening, SAP GTS also provides tools for monitoring compliance with trade regulations. You can track and analyze trade activities, generate compliance reports, and identify any potential violations. By monitoring compliance in real-time, you can proactively address any issues and ensure that your global trade operations remain compliant.

4. Automate Compliance Management:
To streamline compliance management, you can leverage SAP GTS’s automation capabilities. By setting up automated alerts, notifications, and workflows, you can ensure that compliance issues are promptly addressed and resolved. This not only helps you maintain compliance but also improves operational efficiency and reduces the risk of costly penalties.

In Part 2 of this practical guide to SAP GTS, we will cover advanced features such as customs management, risk management, and export control. Stay tuned for more tips and best practices on how to effectively leverage SAP GTS for your global trade operations.
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