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Top 15 Sap Gts Interview Questions

Q1. What Are The Things Can Be Achieved By Using Sap Gts?

These are some of the things that can be accomplished with the help of an automatic GTS platform:

Reduced risks of change consequences and fines.

Cost manage during export processes.

Boost in productivity and streamlining of all change methods for advanced worldwide operations.

Elimination of all of the guide duties with the help of computerized gear. Correspondingly, the time related to those manual duties is likewise removed.

Seamless and reliable integration thru all move border supply chains.

Reduced delays almost about inbound and outbound custom clearance.

Better patron delight and protection of the business enterprise’s brand call.

Reliable gauging of the credibility of worldwide customers.

The GTS platform offers adequate tools for Compliance Management, Risk Management and Customs Management. All the obligations and tactics that are part of those modules are looked after correctly.

Q2. Explain Customs Management?

Customs Management : Customs Management lets in you to standardize and automate import and export procedures with customs government. Communication to the customs government may be executed through the trade of digital messages, in addition to the printing of the important paperwork. This simplifies and quickens customs clearance and administration.

The important areas are:

Transit manner

Import and Export Management

Product Classification

Printing exchange documents

Excise Duty Monitoring

Q3. What Are The Major Components Of Sap Gts?

The GTS consist 4 main additives:

SAP Compliance Management : With SAP Compliance Management you can display all transactions of import and export of goods, and so comply with the legacy laws the complete technique chain without any gaps. A valuable key is the observance of boycott lists, embargo exams, and import and export controls, which could all fully integrated into an already existing systems.

SAP Customs Management : Customs related tactics are handled by way of the SAP Customs Management, what's certified by using the Customs. Key points are the product classification, customs valuation, the print out of foreign exchange documents and now not least the IT-based customs clearance, the usage of a electronic verbal exchange with the customs. The digital ATLAS gadget (automated tarif and nearby customs gadget), as properly the european transit manner NCTS (new computerised transit device) are supported with the aid of SAP GTS. This is for all exporting agencies even more important, because using ATLAS is obligatory on account that 01.07.2009 in Germany!

But even extra computerized customs clearance structures in Europe, USA and Australia are supported via SAP GTS and has been certified already.

SAP Risk Management : With SAP Risk Management the finacial dangers for the employer can be minimized. The use and handling of options (along with preference calculation), export refunds, letter of credit for import and export business are supported through SAP GTS.

SAP Electronic Compliance Reporting : With SAP Electronic Compliance Reporting the GTS helps the statistical reports to the government, which need to be added for an inner eu trade. Depending for the united states's authorithy, the information are provided according to their distinctive facts formats

Q4. What Are The Po Types In Purchasing And Invoices In Ap?

Here are mainly four kinds of PO’s are there:

Standard PO

Blanket PO

Contract PO

Planned PO

Coming to the bill there are distinctive type of bill as cited under:

Standard bill

Po default invoice

Credit memo invoice

Debit memo bill

Prepayment bill

Mixed Invoice

Expense report invoice

In different ways there are one another bill is Recurring invoices.

Q5. What Are The Advantages Of Using Sap Gts?

The principal blessings of the use of SAP GTS are

Saving the time via automatic tactics

Expenditure discount

Less human work involved

Automatic checking the compliance violation and banned dealers

Can keep the business enterprise logo and trust by way of averting the fines and penalties

Fast alternate processing and client pride

Q6. Explain Compliance Management?

Compliance Management consists of features relating to import and export control policies. This characteristic permits you to monitor strategies that are challenge to licensing requirements and to comply with international legal rules which save you and/or restrict exchange with people, groups and man or woman nations.

Three major regions of Compliance Management are:

Sanctioned party list screening

Legal manipulate – export (consisting of embargo checking and license management)

Legal manage – import (inclusive of embargo checking and license control)

Q7. What Is Relation Between R/three And Sap Gts ?

SAP R/3 is the former call of the organization useful resource making plans software produced through SAP AG.

It is an organization-extensive data system designed to coordinate all of the resources, information, and sports wanted to finish business methods such as order achievement or billing.

SAP R/three changed into organized into awesome purposeful modules, masking the typical features in region in an agency.

The maximum widely used modules have been Financial s and Controlling (FICO), Human Resources (HR), Materials Management (MM), Sales & Distribution (SD), and Production Planning (PP).

Each module handled unique business duties on its personal, but became linked to the others wherein applicable.

For instance, an invoice from the billing transaction of Sales & Distribution could bypass through to accounting, in which it will seem in debts receivable and fee of goods sold.

SAP typically targeted on exceptional exercise methodologies for using its software program processes, however more currently elevated into vertical markets.

In these situations, SAP produced specialised modules (known as IS or Industry Specific) geared toward a specific market section, inclusive of utilities or retail.

Q8. Compare Ecc Foreign Trade Vs Sap Global Trade Services (gts)?

Comparison of ECC Foreign Trade Vs SAP Global Trade Services (GTS):

SD Foreign Trade vs. SAP Global Trade Services (GTS)

Since the commercial enterprise structures have become more complicated and markets turning into more international in recent times the need of handling foreign change of a commercial enterprise is swiftly gaining importance. SAP Foreign Trade and/or SAP Global Trade Services (GTS) gives the equipment you want to

compete efficaciously in nowadays’s marketplace. This allows you to:

Manage import and export approaches, integrating them correctly into the Supply Chain.

Automatically pick out licensing requirements for uploading and exporting goods primarily based on present day regulations.

Simplify reporting with computerized strategies for developing, printing and submitting declarations to the customs government.

Determine which of your merchandise qualify for Preference handling.

Provide an lively interface for sending statistics thru across the world to be had EDI structures and other digital media.

Update or trade records in all relevant foreign alternate files at any time prior to the very last items problem.

Foreign Trade in ECC and SAP Global Trade Services (GTS) components are tightly integrated with Materials Management (MM) for managing Imports and Sales and Distribution (SD) for handling Exports. In the area of documentary bills it is also included carefully with the Financial Accounting application.

Q9. What Are The Reports Available To Evaluate And Analyze Data For Any Of The Services In Sap Gtc?

Using the following reviews that are available, you can examine and examine facts for any of the services you operate in SAP GTS:

Imports :

Imports with the aid of product

Imports via united states of america

Import analysis

Imports through workplace of entry or destination

Comparison of imports among transit and customs processing report objects

Exports :

Exports by using product

Exports with the aid of u . S .

Export evaluation

Export through customs office

Comparison of exports among transit and customs document objects

Cross-area

Savings from bonded warehouse

Q10. Explain About The Risk Management Function In Sap Gts?

Risk Management is used for Letter of Credit processing, choice willpower and the management of Long Term Vendor Declarations. Allowing you to reduce the financial hazard associated with worldwide trade sports.

The following offerings are to be had:

Preference processing

Letter of credit score processing

Restitution

Q11. What Is Gts In Sap?

The machine for Global Trade Services (GTS) lets you automate your global alternate transactions, manipulate large numbers of commercial enterprise companions and documents, and ensure that your corporation continually complies with continuously changing worldwide prison rules.

Q12. Explain About The Electronic Compliance Reporting Function Is Sap Gts?

Electronic Compliance Reporting : ECR enables the ordinary trouble of Intrastat declarations to the government for Intra-European change among two EU member states. The applicable information is accrued from the logistics strategies, and then sent in your national data authorities periodically.

Q13. What Is The Difference Between (a/c Payable / Receivable ) And ( Bills Payable / Receivable )?

Accounts Payable – Amounts payable to the Suppliers/Vendors/Creditors. The accounting organization can also be known as as Sundry Creditors. This is Current Liability.

Accounts Receivable – Amounts receivable from the Customers/Debtors. The accounting organization can also be known as as Sundry Debtors. This is Current Asset.

Bills Payable – Bills of Exchange drawn via Creditors/Suppliers at the organization and is a Current Liability.

Bills Receivable – Bills of Exchange drawn with the aid of a agency on its Customers/Debtors and is a Current Asset.

Q14. What Are The Functionalities Involved In Sap Gts?

The functionalities involved in SAP GTS are

Compliance Management: For test worldwide trade compliance issues

Customs Management: Deals with customs-applicable transactions

Risk Management: To minimize the risks involved with economic transactions.

Electronic Compliance Reporting: For filing the reports for intra-European alternate

System Administration: Deals with settings and tracking of the GTS feeder gadget.

Q15. What Are The Benefits Of Sap Gts?

Benefits of SAP GTS:

Ensure vigilant compliance with alternate guidelines