The latest market research report by independent analyst firm, ARC Advisory Group has once again positioned SAP as the market share leader in the worldwide Global Trade Compliance (GTC) market.
The designation appeared in ARC Advisory Group’s “Global Trade Compliance Systems Worldwide Market” Research Study — Market Analysis and Forecast through 2024”,” link.
Steve Banker, Vice President, Supply Chain Management at ARC Advisory Group said within the report:
“SAP Global Trade Services enables enterprises to automate and streamline complex trade compliance processes with the flexibility to meet country-specific requirements.”
“When SAP GTS is integrated with SAP Transportation Management and SAP Event Management, customers can achieve global visibility and management capabilities to enable greater end-to-end, compliant supply chains.”
“Companies like SAP have established relationships with multiple content providers, who have strengths in different compliance segments, to help make it easier to construct a global solution.”
SAP was ranked as the number one supplier overall based on revenues.
SAP was also ranked the leader in select categories including:
- Tier 1 companies
- Household and personal care
- Machinery Manufacturing
- Mining and metals
- Oil and gas
- Pharmaceutical and biotech
Vishal Verma, Head of Solution Management – Risk, Compliance and Tax solutions at SAP stated: “Managing global trade in today’s volatile and unpredictable environment has become more important than ever to a company’s strategy and long-term success. SAP Global Trade Services provides the platform necessary to allow organizations to remain agile globally and compliant regionally.”
The SAP Global Trade Services (SAP GTS) application supports export management, import management, screening and embargo, trade agreements, license determination, foreign-trade zone and other special Customs procedures. SAP GTS can be deployed on-premise or in the cloud.
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