What is trade foundation in SAP GRC - Governance, Risk and Compliance?

SAP Term: trade foundation

• Component: GRC

• Component Name: Governance, Risk and Compliance

• Description: This technical content for retail contains data structures, data elements, and program code external to BI Content that is used to prepare and distribute raw data to BI Content data providers.

Smart SAP Assistant

• Key Concepts: 
  Trade Foundation is a component of the Governance, Risk and Compliance (GRC) module of SAP. It is a set of tools that helps organizations manage their trade compliance processes. It provides visibility into the global trade landscape, enabling organizations to identify and manage risks associated with international trade. It also helps organizations comply with global trade regulations and ensure compliance with export control laws. 
  
  How to use it: 
  Trade Foundation can be used to manage the entire trade compliance process, from identifying potential risks to monitoring compliance with regulations. It provides a comprehensive view of the global trade landscape, enabling organizations to identify and manage risks associated with international trade. It also helps organizations comply with global trade regulations and ensure compliance with export control laws. 
  
  Tips & Tricks: 
  When using Trade Foundation, it is important to ensure that all relevant data is up-to-date and accurate. This includes information on suppliers, customers, products, and countries. Additionally, it is important to regularly review the system for any changes in regulations or other factors that could affect compliance. 
  
  Related Information: 
  For more information on Trade Foundation, please visit the SAP website at https://www.sap.com/products/governance-risk-compliance/trade-foundation.html