SAP has announced a new version of the SAP BusinessObjects Global Trade Services application, part of the SAP BusinessObjects governance, risk, and compliance (GRC) family of solutions.
Combined with the SAP BusinessObjects Risk Management application, also an SAP BusinessObjects GRC solution, the new application will automate regulatory compliance across numerous trade processes such as logistics and order fulfilment.
This will help customers identify and mitigate supply chain risk easily, quickly and effectively.
According to the company, the SAP BusinessObjects GRC family of solutions promotes a unified approach to addressing compliance issues across lines of business, regions and industries.
The solutions will help companies address supply chain risk and improve performance.
The company said supply chain and logistics professionals need solutions that help them increase their control over risk factors that impact operational efficiency.
By leveraging SAP BusinessObjects Global Trade Services with SAP BusinessObjects Risk Management, supply chain executives improve their visibility and management of global trade risk factors and performance issues.
SAP BusinessObjects GRC solutions help give customers updated status information on supply chain logistics and order fulfilment including: supplier and customer service, cross-border trade and international trade regulations.
With prompt access to data, supply chain professionals can formulate smarter action plans and risk-mitigation strategies that can ultimately improve 'delivery performance' or the time from the supplier’s receipt of an order to customer delivery.