What is processing trade presettlement in SAP SLL - Global Trade Services?

SAP Term: processing trade presettlement

• Component: SLL

• Component Name: Global Trade Services

• Description: Calculates the declared forms in a given period and is used as a preliminary step in the settlement in processing trade. The customs authority uses the presettlement to decide whether to grant an enterprise permission to perform a settlement in processing trade.

Smart SAP Assistant

• Key Concepts: 
  Processing trade presettlement is a feature of SAP's SLL Global Trade Services (GTS) component. It enables companies to manage the entire process of international trade, from the initial order to the final settlement. This includes managing customs clearance, export and import documentation, and payment processing. 
  
  How to use it: 
  Processing trade presettlement can be used to streamline the international trade process. It allows companies to manage all aspects of the process in one place, from order entry to payment processing. This helps reduce paperwork and administrative costs associated with international trade. Additionally, it provides visibility into the entire process, allowing companies to track progress and identify potential issues quickly. 
  
  Tips & Tricks: 
  When using processing trade presettlement, it is important to ensure that all documents are accurate and up-to-date. This includes customs documents, export and import documentation, and payment information. Additionally, it is important to ensure that all parties involved in the transaction are aware of their responsibilities and timelines. 
  
  Related Information: 
  For more information on SAP's SLL Global Trade Services component, please visit https://www.sap.com/products/global-trade-services.html. Additionally, for more information on international trade processes and best practices, please visit https://www.export.gov/article?id=International-Trade-Processes-and-Best-Practices.