The Foreign Trade/Customs (FT) application component is integrated with Materials Management for handling imports and with Sales and Distribution for exports. In the area of documentary payments, it is also integrated closely with the Financial Accounting application.
SAP’s R/3 Foreign Trade application enables you to:
Manage import and export processes, integrating them efficiently into the supply chain
Automatically identify licensing requirements for importing and exporting goods based on current regulations
Simplify reporting with automatic procedures for creating, printing and submitting declarations
Determine which of your products qualify for preference handling
Provide an active interface for sending or retrieving data via internationally available EDI systems and other electronic media
Update or change data in all relevant foreign trade documents at any time prior to the final goods issue. Even after you have posted the goods issue, you can still change data in the invoice.