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
Global Market Research Study 2021 - 2026”,
link.
Steve Banker, Vice President, Supply Chain Management at ARC Advisory Group said within the report:
“SAP has a broad and deep solution known as SAP Global Trade Services (GTS). It comes with pre-built integration with SAP backend solutions but has the ability to integrate non-SAP systems as well. SAP GTS is available to support cloud, on-premise, or hybrid system environments and is beginning to be sold in the SaaS model.”
“there has been a complete redesign of the user interface … this provides a new and streamlined UI across not only SAP Global Trade Services but also a look and feel aligned with SAP S/4HANA.”
SAP, along with Descartes Systems Group, were ranked as the number one suppliers overall based on revenues.
SAP was also ranked in the top two leaders in select categories including:
- Tier 1 companies
- Automotive
- Chemical
- Electronic and Electrical
- Food and Beverage
- Household and Personal Care
- Machinery
- Mining
- Metals
- 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.
To learn more feel free to visit
www.sap.com/gts
