SAP(R) Solutions for GRC Achieve Certification as Automated Broker Interface for U.S. Customs and Border Protection Agency; Help Customers Increase Efficiency Throughout U.S. Customs Clearance Process SAP Supports Companies Conducting Business in Brazil by Enabling Easier Compliance With Domestic Trade and Tax Regulations
WALLDORF, Germany, Sept. 30 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP)
and Business Objects, an SAP company, today announced new offerings that will
extend its leadership in global trade solutions that help customers more
easily conduct business internationally and comply with the latest customs
regulations. The SAP(R) GRC Global Trade Services application, part of SAP(R)
solutions for governance, risk, and compliance (SAP solutions for GRC),
enables customers to more efficiently navigate the myriad of complex laws
governing international trade. With one of the market's broadest set of import
and export certifications, SAP GRC Global Trade Services has now achieved
certification for the Automated Broker Interface (ABI), which enables
customers to automatically file their customs entries directly with the U.S.
Customs and Border Protection (CBP) agency. SAP also announced the SAP(R)
Electronic Invoicing for Brazil application (SAP(R) Nota Fiscal Eletronica), a
new addition to the SAP portfolio of GRC solutions. This application enables
companies doing business in Brazil to meet new requirements to file invoices
electronically by providing automated, certified and secure interfaces to both
state and federal government systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
SAP solutions for GRC are part of Business Objects, which combined with
the Business Objects enterprise performance management (EPM) and business
intelligence (BI) solutions, deliver a comprehensive portfolio for business
performance optimization.
Conducting business on a global scale has become increasingly challenging.
Today, organizations must comply with frequently changing domestic and global
laws, satisfy trade security measures, meet mandatory electronic filing
requirements, understand complicated tariffs and collaborate with parties
across the supply chain. As companies expand internationally and conduct trade
interactions with an increasingly global supply base, managing all of these
tasks manually increases the margin for error, which can be costly. Similarly,
relying on third parties to manage these critical processes adds expense and
risk. As a result, more customers rely on SAP solutions for GRC and the SAP
GRC Global Trade Services application to establish a uniform, automated
process and enterprise-wide standard for reliable and compliant trade
activities.
With New Automated Broker Interface (ABI) Certification for U.S. Customs,
SAP Has Broadest Sets of Import and Export Certifications
The new SAP ABI certification enables customers to more efficiently comply
with U.S. customs clearance processes and reduce or eliminate third-party
import-filing costs by submitting entries directly to the U.S. Customs and
Border Protection (CBP). With the addition of ABI certification to the
certification portfolio of SAP GRC Global Trade Services, SAP now has one of
the broadest sets of import and export certifications available on the market
today. Receiving this significant certification validates the top tier status
of SAP GRC Global Trade Services among enterprise vendors for expediting the
US import process. The automated ABI interface from SAP GRC Global Trade
Services enables customers to more easily comply with mandatory electronic
filing requirements, increase visibility into where goods are in the customs
process, reduce customs-clearance cycle times and maximize profits by
efficiently fulfilling trade agreements.
In addition, the ABI certification allows SAP GRC Global Trade Services
customers to prepare for the impending Security Filing regulation, also known
as "10+2," which will require importers and carriers to electronically submit
additional information on cargo before it is brought into the United States.
The "10+2" regulation is part of the Department of Homeland Security's (DHS)
strategy to better assess and identify high-risk shipments before they enter
the United States.
"The latest certification and solution are the most recent examples of how
we continue to lead the market with our solutions for global trade
compliance," said Narina Sippy, senior vice president and general manager of
the Governance, Risk and Compliance Business Unit, SAP. "Our unified platform
for GRC helps customers enact a corporate-wide standard for trade processes
throughout the enterprise, which provides them with greater control and
insight over their international business transactions. Increasingly,
companies rely on SAP to help expedite cross-border transactions while
enabling them to more efficiently ensure reliable, compliant trade activities.
These new offerings show our customers that as they continue to expand the
borders of their business, SAP is one step ahead to anticipate their global
trade needs."
SAP Electronic Invoicing for Brazil (SAP Nota Fiscal Eletronica) Enables
Companies to More Easily Comply With Brazilian Invoicing Regulations
In response to new Brazilian trade policies that require companies to
electronically file a copy of their invoice data for every domestic sale or
material movement made, SAP has developed SAP Electronic Invoicing. The new
application makes it easier for customers to file invoices for interstate
sales by providing automated, certified and secured integration between their
own system and state and federal government systems.
Based on the Nota Fiscal process in the SAP(R) ERP application, SAP
Electronic Invoicing tracks and registers authorization orders for every
invoice issued, cancelled or skipped with the Brazilian government. By
automating the invoice tracking-and-registering process, the application saves
customers time and money by performing an error-free process that is aligned
with Brazilian standards for domestic trade, and tightly integrated with
customers financial and logistics processes. SAP Electronic Invoicing also
increases supply chain efficiency by proving faster authorization and approval
as goods are shipped. This solution is being embraced by companies such as
Cosipa, one of Brazil's leading producers of flat-rolled steel.
"We are an international steel provider headquartered in Sao Paulo, Brazil
and serve many states throughout our home country," said Alex Sandro Tavares
Barbosa, SAP project manager, Cosipa. "As a result, we have our own customs
port that houses 12 million tons of steel annually. This port is critical to
the success of our business, and SAP Electronic Invoicing keeps our company on
track by helping us manage the movement of our product through our port and
across Brazilian state lines. Perhaps most importantly, though, SAP ensures we
adhere to the latest Brazilian trade laws when moving goods within the
country, and frees up a lot of resources that would normally be spent tracking
and accounting for every sale we make."
Availability Statement
The ABI-certified interface for U.S. Customs and Border Protection (CBP)
and SAP Electronic Invoicing are generally available today.
About SAP(R) Solutions for GRC
SAP(R) solutions for governance, risk and compliance (SAP solutions for
GRC) help to enable corporate accountability by providing operational
transparency and evidence that an organization conducts business within
ethical standards and regulatory mandates. SAP solutions for GRC are part of
the Business Objects portfolio, which combined with enterprise performance
management and business intelligence solutions, deliver a comprehensive
portfolio for business performance optimization. SAP's unified approach to GRC
overcomes key corporate accountability challenges across disconnected systems,
regions and functions. SAP solutions for GRC are enabled across SAP and non-
SAP systems, working together with GRC ecosystem partner content, technology
and applications to provide the most effective solution for governance, risk
and compliance available today. For more information about SAP solutions for
GRC, please visit http://www.sap.com/grc.
About Business Objects
Business Objects, an SAP company, transforms the way the world works by
connecting people, information and businesses. With open, heterogeneous
applications in the areas of governance, risk and compliance; enterprise
performance management; and business intelligence, Business Objects enables
organizations of all sizes worldwide to close the gap between business
strategy and execution. Together with a strong and diverse partner network,
Business Objects allows customers to optimize business performance across all
major industries including banking, retail, consumer-packaged goods and public
sector. Business Objects is committed to helping customers turn raw data into
actionable decisions, regardless of their underlying database, operating
system, applications or IT system.
For more information about Business Objects, visit:
http://www.businessobjects.com.
For more information about SAP, visit: http://www.sap.com.
About SAP
SAP is the world's leading provider of business software(*), offering
applications and services that enable companies of all sizes and in more than
25 industries to become best-run businesses. With approximately 75,000
customers (includes customers from the acquisition of Business Objects) in
over 120 countries, the company is listed on several exchanges, including the
Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more
information, visit http://www.sap.com)
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