«ORACLE GLOBAL TRADE MANAGEMENT Oracle Global Trade Management (GTM) is a unique global compliance solution that allows companies of all sizes and in ...»
ORACLE DATA SHEET
ORACLE GLOBAL TRADE
Oracle Global Trade Management (GTM) is a unique global compliance
solution that allows companies of all sizes and in all geographies to centrally
manage their global trade operations. And, since it was developed as an
integrated component of Oracle’s logistics suite, GTM enables companies to optimize, automate, and monitor cross-border transactions in ways that were not before available from best-of-breed software providers.
KE Y F E AT U RE SAchieve Global Trade Best Practices
• Automatic Global Trade Content Does your organization suffer from a lack of cross-functional trade visibility and internal Upload trade controls? Is it difficult to make informed and effective management decisions
• Centralized Master Trade Data Repository related to trade? Do manual processes result in costly delays or expose your
• Easy and Proper Product organization to unnecessary compliance risk?
• Fast and Accurate Restricted Party If you answered yes to any of these questions, GTM can help. Using an integrated & Sanction Screening logistics framework, GTM delivers unparalleled visibility and control over both orders
• Packaged Integration with Oracle and shipments. GTM is a global trade automation platform that enables companies to E-Business Suite for Compliance Screening optimize and streamline business processes related to cross-border trade by layering
• Landed Cost Simulation for trade data and milestones over the physical flow of goods. With well-structured Sourcing Decision Making compliance policies and trade automation tools to help implement and enforce them, companies can begin to achieve best trade practices across and beyond the
KE Y B EN EF IT Sorganization.
• Accelerate cash flow
• Streamline processes through automation Centralize and Optimize Trade Processes for Effi
automated upload and processing of trade content for immediate or later use.
Trade Data Master: GTM helps users to maintain trade related data such as item ID, description, and county of origin. Suppliers can upload product catalog and classification data directly, while brokers can download, update, or simply view product classification data and other required compliance elements for prompt and accurate Customs filings. GTM also allows users to store and manage trading partner data such as end-use and end-user profiles, anti-boycott flags, registrations, certifications, and other compliance or security-related information for all your customers, suppliers, carriers, customs brokers, freight forwarders, and third-party logistics providers.
Event Management and Visibility: Proactively manage the compliance events of orders and shipments. For example, automatically screen transactions for restricted parties, licenses and any other trade controls when received from the external system. Notify or alert users to potential problems instantly.
Business Process Automation: Maximize productivity by automating processes using Oracle GTM’s unique workflow agent technology. Workflow agents enable companies to model simple or complex processes to improve efficiency.
Reporting & Documents: Oracle GTM utilizes Oracle Business Intelligence Publisher to create reports and documents. Customers can create their own documents or reports in GTM. A few examples are: restricted party audits, import/export summary reports, commercial invoices, or country of origin certificates for any country.
Additionally, other supporting trade documents can be uploaded, attached to transactions, and managed in Oracle GTM.
Packaged integration with Oracle E-Business Suite (EBS): Oracle GTM and EBS integration supports synchronization of item and party master data, as well as automated EBS sales order and delivery compliance screening.
Ensure Proper Product Classification for Global Compliance Does your company have a need to maintain multiple types of product classification types and codes for different countries? Do you have redundant classification processes? Do third parties provide pre-classifications?
Oracle GTM offers a robust product classification workbench for users to classify items under multiple lists for trade in specific jurisdictions and follow any associated rules those commodities might be subject to for compliance purposes.
The following are examples of Oracle GTM capabilities:
Product Classification Determination: Oracle GTM provides configurable determination logic in order to properly classify an item based on user-defined rollup classification criteria. For example, for assemble-to-order (ATO) items, GTM can automate the classification determination of the top-level (parent) item based on the classifications of all of the sub-components using rollup logic dictated by jurisdiction.
Guided Classification Tools: Oracle GTM provides product classification lookup for multiple types of product classification codes, and returns the results in an easy-touse tree or grid structure that highlights key words used in the search to easily identify the chapters where those words appear.
Product Classification Translation: Quickly perform translation lookups for classifications of the same type (e.g., Harmonized Tariff Schedule or ECCN) to view related country target codes for the source classification code. Users can create product classification templates to easily assign items into a pre-configured classification structure.
Detect Invalid and Missing Classifications: GTM has the capability to identify if any of the existing product classifications used in the repository are invalid based on themost current tariff nomenclature. In addition, GTM allows users to search for items requiring classification.
Duty and Tax Visibility: View the Duties, Taxes, and Fees associated with a product classification including those rates for preferential trade programs. Perform analysis of duties taxes applicable to certain country pairings to assist with decisions regarding sourcing your goods.
OR ACL E D AT A SH E ET Product Classification Approval Workflow: Once a product has been assigned a classification, GTM provides a powerful approval workflow process that ensures the assigned code is reviewed and approved to ensure proper classification.
Mitigate Compliance Risk with Next-Generation Screening Does your company properly screen transactions against government lists to ensure compliance? Do you know your customers? Laws in many countries require the use of compliance screening, both on the import and export sides of trade. The goal is to ensure that no goods are shipped to prohibited countries, organizations or individuals for national and international security purposes.
Oracle GTM provides next-generation screening capabilities:
Restricted Party List and Sanctioned Territory Screening: GTM offers a configurable screening platform to optimize potential match results. The engine can be called at any point in a business process and offers different types of screening services for different milestones. Users can fine tune the fields screened, the thresholds, and the weights for proper match determination. Users can screen parties at the time of party creation, which ensures they are cleared for compliance when transactions occur.
Restricted Party Screening Workbench allows users working in high volume environments to perform fast and efficient screening. In addition, Oracle GTM supports work assignment to users in separate queues.
Flexible Matching Engine Options: Matching engines can be used strategically to drive the potential match result. GTM offers four types of matching logic engines to satisfy screening requirements. One type is language agnostic, which can support the screening of double-byte characters often found in European and Asian languages.
Simplified potential match resolution: When potential matches occur, users can easily view the results and related information to make a quick and informed decision. This includes links to the Federal Register citations, alias information, agency list codes and more. Historical screening data and changes of a specific party can be viewed easily from various sources in GTM in one user interface.
Make Optimum Sourcing Decisions Do you have enough information to choose the best suppliers for your products? Can you accurately calculate your Estimated Landed Cost considering all costs take place?
Do you have visibility to the financial benefits of Trade Agreements when making sourcing decisions?
Oracle GTM’s Landed Cost Simulator has the capability to simulate different supplier offers to make the optimum sourcing decisions. With GTM Landed Cost Simulator, users have the flexibility to create their own Estimated Landed Cost (ELC) formula including bank fees, commissions, customs brokerage fees and many more allowing them to be as accurate as they want to be with the ELC results. It is also possible to have GTM to estimate each cost by the pre-defined formula s providing a standardized ELC calculation. In addition, GTM provides visibility for financial benefits of Trade Agreements when displaying the ELC results for different sourcing options.
Solid Foundation for Global Trade Compliance In addition to the foundation provided by GTM, users can derive additional benefits from GTM’s related product options.
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