The latest market research report by independent analyst firm, ARC Advisory Group has once again positioned SAP as a market share leader in the worldwide Global Trade Compliance (GTC) market.
The designation appeared in ARC Advisory Group’s “Global Trade Compliance Systems
Steve Banker, Vice President, Supply Chain Management at ARC Advisory Group said within the report:
“SAP Global Trade Services is a comprehensive and in-depth solution from SAP” (GTS). Although it already has pre-built connectivity with SAP backend solutions, it may also be used to connect non-SAP systems. SAP GTS is beginning to be sold via the SaaS model and is available to support cloud, on-premise, or hybrid system environments.
The user interface has been completely redesigned… solution offers an updated and simplified user interface (UI) for SAP Global Trade Services as well as one that is in line with SAP S/4HANA’s appearance and feel.
According to revenues, SAP and Descartes Systems Group were listed as the top two providers overall.
SAP was also ranked in the top two leaders in select categories including:
- Tier 1 companies
- Electronic and Electrical
- Food and Beverage
- Household and Personal Care
- Pharmaceutical and biotech
In today’s uncertain and unpredictable climate, managing global trade has become more crucial than ever to a company’s strategy and long-term performance, according to Vishal Verma, Head of Solution Management – Risk, Compliance and Tax solutions at SAP. The framework needed for businesses to continue to be adaptable worldwide and compliant locally is provided by SAP Global Trade Services.
The export management, import management, screening and embargo, trade agreements, licence determination, foreign-trade zone, and other specialised Customs operations are supported by the SAP Global Trade Services (SAP GTS) application. Both on-premises and cloud deployments of SAP GTS are options.