Oracle Global Trade Management

Oracle Global Trade Management 6.2

• The built-in integration with the Oracle E-Business Suite 12.1 complex for control of accomplishment of orders for purchases and observance of rules of trade allowing to automate procedures of ensuring compliance to regulatory requirements to trade operations within end-to-end (from the order before payment) the integrated process of international trade.
• The simplicity in management facilitating accomplishment of orders and permission of matters of argument within requirements to trade operations that promotes increase in efficiency of process and customer service quality.
• Classification of goods on the basis of "closing" of data on product components (for example, classification of the goods configured under the order).

Oracle Global Trade Management 6.3

among new opportunities there is Oracle Global Trade Management 6.3: the increased convenience of using due to improvements in classification of products and expanded control on compliance to export requirements in the field of trade, including the new automated feature for selection of suppliers and partners (Restricted Party Screening); expanded informing users on the operating rates for taxes, duties and other provided charges that helps clients to improve decision making thanks to simple and quick access to up-to-date information about the customs duties and also to other data connected with ensuring compliance with statutory requirements; new features of management of licenses which optimize and simplify processes due to automation of registration and allowing and license procedures and also thanks to anticipatory notifications on when validity period of licenses expires or when licenses can be used in full.

At the same time, the new module Oracle Customs Management as a part of Oracle Global Trade Management helps clients to manage the organization and control of customs clearance of goods and execution of customs papers thanks to the built-in support of the automated export system (AES) of registration and document storage accepted in the USA and also thanks to a possibility of data transmission in any other broker solution for registration and document storage.

In addition to everything, Global Trade Management 6.3 offers new features for support of end-to-end management of export licenses of goods, services and technologies in aerospace and defense industry, the IT industry, production and pharmaceutics which support complex requirements for export licensing, in particular, of the rule of international trade in defense products (International Traffic & Arms Regulations, ITAR).

New opportunities will allow clients to use Oracle Transportation Management 6.3 and Oracle Global Trade Management 6.3 for management of the most important requirements to processes of the organization of transport transportations and enterprise-wide trade operations and at the global level, concluded in Oracle.

2014: The module BI in Oracle Global Trade Management 6.3.3

Oracle Global Trade Intelligence

On February 19, 2014 the Oracle company announced the output of the new module for the analysis of a trading activity as a part of the business application of Oracle Global Trade Management 6.3.3 - Oracle Global Trade Intelligence.

The module Oracle Global Trade Intelligence expands functionality of the business application of Oracle Global Trade Management 6.3.3 on management of the international trade operations. This module for the business analysis of a trading activity allows the organizations to improve use of these transactions for calculation, forecasting and increase in efficiency.

Oracle Global Trade Intelligence as part of the business application of Oracle Global Trade Management 6.3.3, helps the organizations to optimize the international operations on customs clearance of goods and ensuring compliance with the legislation due to use of data of the international trading activity for calculation, forecasting and increase in efficiency.

The solution for the analysis of trade operations is proposed by easy access to data of the international trading activity, giving to the organizations an opportunity to increase efficiency of decision making by determination of areas for improvement, potential economy of costs and improvement of processes.

For control and the analysis of business objectives, plans, forecasts and key indicators of activity, Oracle Global Trade Intelligence provides the configured dashboards which allow to create a system of key performance indicators of the international trading activity for export-import transactions of the enterprise taking into account user requirements worldwide.

Oracle Global Trade Intelligence provides operational analytical information on the international trade operations, helping the enterprises to reduce costs and risks, to provide and control observance of statutory requirements and to optimize processes of international trade.

In addition, Oracle Global Trade Intelligence supports function of the notification on the basis of roles which guarantees that the authorized personnel will be aware of all exceptions to the rules, deviations from plans and special situations that in will promote total achievement of the general business objectives.

2015: Oracle Global Trade Management 6.4

On September 23, 2015 Oracle announced the version of Oracle Global Trade Management 6.4. A system will help clients with observance of rules of the international trading activity. The product is improved regarding management of the international trade operations and a customs clearance.

Oracle GTM Product Development update by Rosalie Cmelak (Oracle), 2015

The innovation Oracle Global Trade Management 6.4 functions:

• Oracle Global Trade Management Landed Cost Simulator helps to optimize the choice of suppliers that allows to compare the estimated total costs for different options of acquisition of transport services and also to know the amount of customs duties, duties, taxes and pecuniary benefits of available free-trade agreements. This knowledge allows to make more justified strategic decisions on acquisition of transport services.

• Oracle Global Trade Management Customs Management helps to manage effectively all process of preparation of import documentation. Improvements give the chance to carry out customs valuation, to calculate applicable duties, taxes and import fees and also to have the complete information about rates in an expanded supply chain that is necessary for providing import documentation and customs declarations.