GRC
HR
SCM
CRM
BI


Blog

 

Automatic Forms Creation Expedites Customs Processing with SAP BusinessObjects Global Trade Services

by Gary Byrne

June 30, 2011

As the United States prepares to celebrate its 235th birthday next week, tons of fireworks are being shipped to communities throughout the country. According to the U.S. Census Bureau $217 million worth of fireworks were imported into the U.S. in 2009 (China constituted the bulk of this total by shipping $209 million worth). This information led me to think about the process of screening these shipments and allowing them to pass through customs. How long did vendors need to file paperwork with customs to receive clearance to ship these goods? What about the receiving end? How soon did vendors have to file paper work with customs to receive fireworks from China and other countries?

In a GRC Expert article titled “Automatically Create 7501/3461 Forms for Quick Customs Processing Using SAP BusinessObjec ts Global Trade Services,” Ravi Kalluri of Accenture Services Pvt Ltd. doesn’t discuss firework shipments, but he does outline the steps needed for creating a customs declaration and sending import forms to the customs authorities via SAP BusinessObjects Global Trade Services. Ravi explains that “SAP BusinessObjects Global Trade Services maintains your master data according to your import requirements and laws. It provides the simulation and monitoring tools that help your business comply with importing regulations. It allows you to automate, standardize, and accelerate import processes, thereby reducing the total cost of cross-border goods transfer.”

Ravi also makes the following point regarding filing entry summary (7501) forms with customs authorities electronically via the U.S. Customs and Border Protection’s Automated Broker Interface (ABI):

“A company benefits from implementing the ABI functionality internally through SAP BusinessObjects Global Trade Services as it no longer has to use custom brokers for import data filing, thus saving a hefty brokerage fee.”

So if you use SAP BusinessObjects Global Trade Services ABI functionality at your company — whether you’re shipping fireworks or fan belts — you might save the company time and money.

An email has been sent to:






More from SAPinsider



COMMENTS

Please log in to post a comment.

No comments have been submitted on this article. Be the first to comment!


SAPinsider
FAQ