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Industry roundup: 26 January

SAP Hong Kong and Deloitte partner to address ongoing trade complexity for corporates

As COVID-19 continues to disrupt the trade industry, SAP Hong Kong and Deloitte are working continuously to help enterprises navigate a more complex and turbulent trade environment with SAP Global Trade Services (SAP GTS).

A centralised global trade management platform that automates and streamline trade processes, SAP GTS is designed to enable companies to better control costs, manage free-trade agreements and customs procedures, and reduce non-compliance risk. Deployed on-premises or in the cloud, it serves as a repository for all compliance master data and content, allowing businesses to integrate all of their trade services. 

Working with SAP, Deloitte offers one-stop end-to-end global trade services, including SAP GTS-enabled Smart GTS serving as what the firms call a "direct train" to global trade. This aims to help enterprises achieve compliance, cost reduction, intelligence and synergy for global trade management in the increasingly complex international trade environment, and thus implement their global development strategies. Its integrated global practice offers a mix of multidisciplinary trade specialists with extensive experience in compliance, customs, preferential trade agreements, and technology implementation know-how.

The main features of SAP GTS are described as follows:

  • Customs management: The system enables the seamless flow of corporate supply chain data to external suppliers and regulators, with customs declarations and documentation being automatically generated, shared and managed. This process automation decreases errors and accelerates the customs clearance process for faster and more efficient business operations.
  • Compliance management: SAP GTS enables enterprises to automatically run compliance checks, which includes managing licenses and export controls and scanning up-to-date blacklisted and embargoed countries. This reduces compliance risks and avoids supply chain disruption for business continuity.
  • Trade preference management: The system helps enterprises determine the rules of origin and conduct free-trade agreement planning and management so as to take advantage of preferential tariff treatments and lower business cost.   
  • Global trade analytics: SAP GTS integrates directly with SAP S/4HANA, SAP ERP and other business software systems. This supports sales, procurement, and logistics processes that are essential to efficient export and import management.

 

McArthurGlen selects Kyriba payments platform

McArthurGlen, a European designer outlet group, has selected Kyriba’s Active Payments for its global payments platform. To support its European growth, McArthurGlen is centralising its payments activities through Kyriba’s Active Payments Network. With access to Kyriba’s payment hub, McArthurGlen is extending and accelerating its bank connectivity via Kyriba’s SWIFT Service Bureau and is strengthening its fraud prevention and detection capabilities.

"With our continued growth in Europe, we looked for a partner with a proven track record of helping organisations to centralise, accelerate and secure payments," said Richard Lee, finance director at McArthurGlen. "We chose Kyriba for its ability to provide a truly integrated platform including the best security standards and ready to use bank formats, which allows us to operate money transfers to our 25 banking partners without having to develop bank formats internally."

By using Kyriba's Active Payment network, McArthurGlen aims to increase visibility into its liquidity movements as well as improve financial ERP planning by connecting the platform to McArthurGlen's Workday system.

 

Citi launches futures algorithm platform

Citi has launched a suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe and Asia Pacific regions.

“We are delighted to announce the official launch of our new suite of smart algos, the result of a multi-year, strategic investment in our electronic execution capabilities,” said Sabrina Wilson, global co-head of Futures, Clearing and FX Prime Brokerage (FCX). “We’ve made a number of key hires to drive this effort, bringing in expertise and a fresh perspective on our clients’ needs. The result is a global solution that focuses on individual market microstructure.”

The flagship algorithm, Arrival, is an implementation shortfall strategy engineered from scratch on the new platform. Named after its price benchmark, Arrival works to minimise slippage (deviation of the actual price from the benchmark) by balancing the cost trade-off between market impact and price volatility, across a variety of market conditions in real time. Arrival combines into one simple access point a collection of strategies, each tuned to specific market microstructure situations.

The bank's advances in algorithm development include the capture of more detailed instrument and contract specific information to enable dynamic modelling of the order book and adaptive behaviour to optimise execution performance. The platform is designed to accommodate different investment objectives and risk tolerances, providing solutions for clients’ diverse requirements.

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