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Global Trade Management Centrally manage business processes related to cross-border trade with Oracle’s global compliance solution. Companies of all sizes gain unparalleled visibility and control over orders and shipments and ensure adherence to trade regulations. Take a tour of Oracle Global Trade Management. Oracle Global Trade Management Oracle Global Trade Management (GTM) is a unique global compliance solution that allows companies of any size and in all geographies to centrally manage their global trade operations. Oracle Global Trade Management enables companies to optimize, automate, and monitor cross-border transactions from a unified trade and. Oracle’s cloud-based global trade management solution can be configured to meet your unique needs, allowing you to achieve maximum value with minimal risk. This solution spans a broad spectrum of customs and compliance processes, for all modes and locations. Oracle Global Trade Management Cloud is quick to deploy and simple to use. Most customers are live and transacting business within . 1. Customs Filing In Global Trade Management The Customs Filing feature in Global Trade Management allows you to prepare documents for filing export declarations and subsequently transmit these documents to various cust oms reporting authorities, who could be national or other regulatory authorities, which govern trade compliance.
Oracle Global Trade Management enables companies to model their own unique global trade compliance footprint. With well-structured compliance policies, and trade automation tools to help implement and enforce those policies, companies can achieve best practices in global trade both within and outside of their organization. Oracle GTM acts as a centralized trade data repository for all legal, regulatory, and compliance related information.
This centralization of data reduces the complexities of ERP implementations and maintenance and offers visibility and control over the end-to-end trade processes. This results in an automated trade operation that accelerates cash flow and enables global commerce across the entire enterprise. Oracle Trade Compliance enables the management of supporting movements and transactions going from any origin in the world to any destination in the world.
Offering advanced trade compliance screening and control determination beyond typical restricted party and sanction screening, Oracle Trade Compliance moves organizations from a homeland-centric managed business to a holistic anywhere-to-anywhere global compliance operation. Additionally, with the ability to anticipate compliance milestones and avoid potential delays or roadblocks, companies can maintain and accelerate the movement of goods through the supply chain, improve cycle times, and maintain high levels of customer satisfaction.
Companies can model their unique customs processes using Oracle Customs Management. Whether importing or exporting product, the approach is based on the specific industry, governing rules and regulations and the specific commodities being transported.
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All Oracle Transportation and Global Trade Management Cloud Services automatically provision one user referred to as the Application Administrator. The Application Administrator has the responsibility of creating any additional users. This means that editing of this user, other than changing the password, is prohibited. Note: This user must already exist in the SSO see Single Sign-On for more details. If you are unable to login as the Application Administrator, you will need to open a Service Request to have the password reset or to change the Application Administrator.
If you do change the Application Administrator, it is important to note that you may also want to change the email address associated with the following Properties. Every user must have a default user role. The user role controls data visibility via a virtual private database VPD and functional security Level for that user. After a user role is added to the system, you can assign it directly to a user or assign it to another role.
If you assign multiple roles, a user can switch between each role without logging out and logging back into the system. For example, you may configure many user roles that provide domain level visibility into different sets of data for different companies. Then, you can assign one or more of these roles to a user and the user could switch between the roles as needed without logging in and out.
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Oracle Global Trade Management Cloud is designed for rapid deployment with minimal investment, so you can run your business more efficiently. Subscription-based payment terms eliminate the need for a significant up-front capital investment, and allow your IT resources to focus on value-added tasks. The Oracle Global Trade Management Cloud course teaches Oracle’s best practice processes and solutions for streamlining and automating labor-intensive tasks for global trade compliance and customs management. The course includes basic concepts such as configuring users and roles, setting up workbenches, and defining workflow as well as advanced concepts such as configuring compliance .
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