Origen Tech Tackles Global Trade and Compliance

Businesses face mounting challenges in managing global trade and compliance in an increasingly interconnected and regulated world. From navigating complex tax regulations to ensuring seamless cross-border transactions, the need for robust, scalable solutions has never been greater. Origen Tech, a leader in SAP consulting and solution development, has emerged as a trusted partner for multinational corporations seeking to streamline their operations and achieve compliance confidently.

Global trade and compliance present many challenges for businesses operating in highly regulated industries. One significant issue is the lack of visibility into the total cost of imports. Companies often struggle to understand all associated costs, which extend beyond just the price of goods, including freight, insurance, port fees, and various unforeseen expenses. This lack of visibility can hinder decision-making and strategic planning.

The regulatory complexity adds another layer of difficulty. Frequent changes in tax laws and compliance requirements demand that businesses maintain real-time updates and adaptability to stay compliant. Many organizations still rely on manual processes for compliance and reporting, significantly increasing the risk of errors, delays, and potential penalties. These challenges can profoundly impact overall profitability and operational efficiency for energy, pharmaceuticals, automotive, and retail businesses.

Origen Tech developed proprietary tools and custom solutions to address these trade and compliance challenges head-on. These solutions are built on the SAP Global Trade Services (GTS) and SAP Document and Reporting Compliance (DRC) platforms, designed to simplify global trade operations, enhance compliance, and drive overall operational efficiency. One of the standout offerings is Origen Tech’s localization for SAP GTS in Mexico.

This localization provides companies with visibility and control over their import operations through multiple innovative features. It enables total cost visibility, allowing businesses to capture and track all expenses associated with imports, including unplanned costs, and accurately reflect them in their SAP ERP systems.

The solution incorporates government integration by connecting with the Mexican government’s electronic dossier system, ensuring that all import-related information remains centralized and up to date. An essential feature of this localization is the built-in approval workflows that validate additional costs before reflecting them in purchase orders, thereby reducing the risk of discrepancies and enhancing accountability.

In addition to its GTS localization, Origen Tech extended SAP DRC to support electronic invoicing and compliance across multiple countries, including Argentina, Vietnam, Ecuador, Panama, and the Dominican Republic. These extensions offer a centralized management framework that allows businesses to oversee all e-invoicing mandates from a single platform, streamlining processes and reducing complexity. The seamless integration with tax authorities and third-party integrators ensures real-time compliance, significantly lowering the need for manual intervention. These scalable solutions are designed to adapt swiftly to changing regulations, providing businesses with the flexibility necessary for long-term success.

The real-world impact of Origen Tech’s solutions is illustrated through measurable results for clients spanning various industries.

For instance, a leading conglomerate in Mexico faced substantial challenges in accurately calculating the total cost of imports, which ultimately affected its pricing strategies and profitability. By implementing Origen Tech’s SAP GTS localization, the company gained the ability to pre-calculate import costs and compare them with actual expenses, enabling it to identify discrepancies rapidly. This newfound visibility into the actual costs of goods allowed the company to implement competitive pricing, thus maintaining healthy profit margins even in a challenging market.

Origen Tech has played a transformative role in automating compliance for a multinational pharmaceutical company in Brazil. Previously, this organization struggled with tedious manual processes for tax compliance, leading to errors and significant delays. With Origen Tech’s SAP DRC solution, automating tasks such as invoice uploading allows the company to quickly upload invoices from legacy systems.

This not only reduced the complexity involved but also improved accuracy in reporting. The automation of CIAP form management ensured that the creation and transfer of these forms had highly efficient processes, guaranteeing compliance with Brazilian tax laws while mitigating the risk of penalties. Additionally, by streamlining credit recovery processes, the pharmaceutical company enhanced its revenue and minimized the risks of human error in manual operations.

Origen Tech’s commitment to innovation is evident in its significant investment in research and development, focusing on solutions that drive progress in compliance and localization. Key initiatives include the development of automated compliance solutions that simplify tax reporting and compliance processes, significantly reducing businesses’ compliance burden. Origen Tech has invested in localization expertise, creating tailored solutions for regional markets that address specific regulatory challenges.

As global trade and compliance complexities evolve, Origen Tech is a pioneering force in providing SAP solutions that address these challenges and empower businesses to thrive. The company’s focus on innovation and customer satisfaction positions it as an invaluable partner for multinational corporations seeking to enhance efficiency, achieve compliance, and navigate the complexities of global trade with confidence. Through its comprehensive, scalable solutions, Origen Tech is paving the way for businesses to achieve operational excellence while maintaining a firm grasp on compliance in an increasingly intricate regulatory landscape.