Global changes and megatrends lead to new challenges for your customs and tax departments. At the same time, great opportunities will arise. We have developed our WTS Digital Customs service to strive for the potentials of your company in the fullest extent.
In the area of custom processes, there is almost no alternative to the end-to-end view that we apply as an important process perspective. In addition, a seamless digital mapping is the best basis for generating innovative i.e., advanced analytics with clear recommendations: you will receive immediate, more precise knowledge about your business processes, greater planning accuracy in decision-making, and accordingly, a strengthening of your governance.
In specific cases, however, the optimizations can go much further and, for example, result in a review of suppliers according to customs criteria, or even in the complete outsourcing of individual activities, such as tariff setting.
Thanks to our special partnership with SAP, you also benefit from a head start in know-how, including well-founded advice on complex customs IT transformation projects (e.g., SAP S / 4HANA) and comparable technologies, as well as with SAP GTS (Global Trade Services).
Sanctions list screening is one of the fundamental tasks of doing business and is an important part of the compliance strategy for companies and organisations to ensure they do not do business with sanctioned individuals, companies or countries. Ignoring the relevant regulations can lead to serious legal and financial consequences. For this reason, we have developed the WTS CustomsComplianceEngine to improve resilience in dealing with sanctions and embargoes, compliance with national and international legal requirements and security in international trade.
With our CustomsComplianceEngine, the names of customers, business partners or visitors are checked against official lists of individuals, companies and organisations with whom it is prohibited to do business. This can be done via a manual case-by-case check or automated via a bulk data check using file upload.
If the sanctions list check produces a hit, it must first be clarified on which sanctions list the business partner is located. Then appropriate measures must be taken for sanctioned persons or organisations. This may include, among other things, stopping a transaction, reporting it to the competent authorities or rejecting a business partner other internal steps.
Our experts support you with individual solutions for sanctions list checks against daily updated compliance lists. In close cooperation, potential risk areas are identified and suitable improvement measures are developed to sustainably strengthen your compliance strategy and efficiently minimise risks.
Do you have any questions about our services or WTS? Please let us know. Please fill in our short contact form. We will get in touch with you as soon as possible.