WALLDORF, Germany, Jan. 19 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) today announced a significant certification for its SAP® BusinessObjects™ Global Trade Services application to help customers comply with the latest U.S. customs regulations for supply chain security. The SAP BusinessObjects Global Trade Services application, part of SAP BusinessObjects governance, risk, and compliance (GRC) solutions, 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 BusinessObjects Global Trade Services is now also certified for Importer Security Filing (ISF), which helps enable customers to comply with requirements of the U.S. Customs and Border Protection (CBP) ISF "10+2" Program and to automatically register their ISF-5 and ISF-10 filings directly with the agency.
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, companies rely on SAP BusinessObjects GRC solutions and the SAP BusinessObjects Global Trade Services application to establish a uniform, automated process and enterprise-wide standard for reliable and compliant trade activities.
SAP Boosts Broadest Set of Import and Export Certifications With ISF Certification
The new ISF certification from SAP helps enable customers to more efficiently comply with U.S. customs clearance processes and helps reduce or eliminate third-party import-filing costs by submitting entries directly to the U.S. CBP. With the addition of ISF to the certification portfolio of SAP BusinessObjects Global Trade Services, SAP now has one of the broadest set of import and export certifications available on the market today. Receiving this significant certification underlines the top tier status of SAP BusinessObjects Global Trade Services among enterprise vendors for expediting the U.S. import process. The automated ISF interface from SAP BusinessObjects Global Trade Services helps enable customers to more easily comply with mandatory electronic security filing requirements, which take full legal effect in January 2010. The interface helps increase visibility into where goods are in the customs process, reduce customs-clearance cycle times and maximize international supply chain security.
This latest certification complements SAP's ABI certification and demonstrates its drive to extend its leadership in the global trade compliance and supply security solution markets. SAP's 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 helping enable them to more efficiently ensure reliable, compliant trade activities.
The ISF-certified interface for U.S. Customs and Border Protection (CBP) is generally available today.
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 more than 92,000 customers 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 www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
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