Purpose
Legislators today expect that rules and regulations are strictly adhered to both in domestic and increasingly in international trade. In the meanwhile, foreign trade influences the whole supply chain, starting with the import of raw materials, semi-finished and finished products and ending with the export of the final product, as well as transferring data to materials management and financial accounting. The R/3 System can support your company in all these spheres.
Prerequisites
The following R/3 components are integrated with foreign trade handling:
SAP Component |
Functions |
Foreign Trade
|
Maintenance of foreign trade master data |
Process Flow
Basic data
Here you can maintain data specific to foreign trade, such as material, vendor, and customer master records, purchasing info records, itineraries, and commodity codes.
Legal controls
Each country is responsible for its own foreign trade regulations, whether exporting natural resources and raw materials, concerned with reasons of national security, or using international agreements.
The restrictions that apply to foreign trade transactions can depend on:
According to these restrictions, the export can either be forbidden, subject to a license, or free from any licensing requirements.
Legal controls determine whether you can process an export transaction, whether you need a license, and if so, whether the export has already been approved, or whether you need to apply for a new license.
Declarations to the authorities
Within foreign trade handling, you have to enter exports and imports and declare them regularly to the authorities. The authorities use these declarations for recording statistics about sending products both within and outside a particular economic zone.
Declarations can be created in the R/3 System for the EU, EFTA, NAFTA, and Japan.
Preference handling
Within preference handling, the system determines whether your products are original products or not, according to the regulations in the economic area from which you are exporting. If your goods count as original goods, you can have preference authorization. If you export goods with preference authorization, you only have to pay low ustoms charges, or none at all.
Documentary payments
Documentary payments play an important role in reducing the risks that can occur in foreign trade. Documentary payments reduce the risks
Communication/Printing
You can call up foreign trade data via the Electronic Document Interface (EDI), SAPscript, or with a subsystem.
We supply a wide range of export documents that are ready for printing.