Very sorry for my long absence of my blog.
Here is the 2nd blog for GTM integration.
I have had many times to see the folks confusing the difference between GTM and GTS. Whenever people in the US hear about GTM, they image GTS and people in Asia vise versa.
Well, let’s make this clear again.
SAP has two very similar naming products, one is GTM (SAP Global Trade Management) and the other is GTS (SAP Global Trade Services).
And the following deck gives you a clear functional difference in between.
Do you understand the difference?
Well, then here is one more.
The following picture is Trading Solution Portfolio, which is created by myself, deploys all necessary piece of functionalities to cover a trading business.
Most of my clients I have ever worked with, they have a software/system to cover the following areas.
(If you think anything missing or wrong, any feedback much appreciated!!)
And you can see ‘Contract/Order Management’, ‘Logistics Execution Management’, ‘Trading Expenses Management’ and ‘(Physical) Commodity Position Management’ are the pieces covered by SAP GTM.
And ‘Export/Import Management’, ‘Trade Preference Management’ and ‘Restitution Management’ are the pieces covered by SAP GTS.
And let’s color the difference between GTM and GTS.
So now it’s clear for you, right?
This two products are designed and developed from completely different point of view and scope. If you, however, think of the solution for trading business, you understand they are bread and butter, meat and poteto.
We have an integration point between GTM and GTS since ERP 2005 and the followings are the details.
1. Integration Point#1 Trading Contract (T/C)
Hope you already knows Trading Contact (T/C). (If not, please refer my previous blog)
Let’s assume that you create a T/C and enter business partner data like customer, supplier in export/import business case. What you want to make sure is;
1. Payment method
If you use Letter of Credit (L/C) as a payment method, you definitely look up the all data in T/C matches with the master condition of L/C master (T/C has this as standard), right? Otherwise you don’t get paid.
2. Screening business partners
You want to make sure the business partners are NOT on the sanction list party or embergo.
If you do business with the business partners on the list, you are seriously in big trouble. To avoid this risk, there is a sweet integration in T/C.
You go to status tab at T/C header, you will see ‘Legal Control’ button on your right donw corner. Pressing this button, system start to communicate with GTS server and check the business partners in T/C are cleared.
2. Integration Point#1 Report
Here are the standard reports for list processing.
From SAP manu, Logistics – SAP Global Trade Management – Trading Contract – Environment – Reports – Legal Control
This report also makes your trading life easier.
Any feedback/comments much appreciate and thank you for your reading!