Heraeus Centralizes Global Product Master Data with Amber Road
09 Febbraio 2016 - 3:00PM
Business Wire
Global precious metals and technology company
embarks on first step to full export controls program
Amber Road (NYSE: AMBR), a leading provider of global trade
management (GTM) solutions, today announced that Heraeus, a leading
Germany-headquartered technology company, implemented its Global
Product Master solution.
A 165-year-old family-owned company, Heraeus greatly expanded
its international operations into 11 global business units. To
support its international growth, Heraeus established a long-term
global trade management strategy, starting with an overhaul of its
product classification processes.
The Amber Road solution will centralize product classification
for the global group, replacing largely manual classification
processes handled ad-hoc by the various business units. Global
Product Master provides a central repository for all trade related
attributes and is used to enforce trade policies, provide
reporting, and power other trade solutions to automate cross-border
transactions.
Using the Amber Road Global Product Master solution, Heraeus
will be able to ensure correct classification of its full product
catalogue with a properly documented and standardized process. The
company will gain cost-savings and supply chain efficiencies by
eliminating unnecessary hold-ups and cumbersome release efforts.
The solution will provide a single view of product information
throughout the supply chain, across the enterprise and with trading
partners.
“Amber Road is an excellent fit with our larger initiative to
centralize all aspects of trade compliance,” said Tobias Bahr, head
of international VAT, customers and export control, and senior tax
manager international, at Heraeus Holding GmbH. “Because the
product classification module is part of a larger export controls
solution, we are able to start small and grow with a clear pathway
toward our vision for an end-to-end global trade management process
where the Amber Road solution is fully integrated with SAP.”
An additional reason that Heraeus selected Amber Road for
product classification is its market-leading trade content,
including customs, duties, HS codes and related restricted party
information for 145 countries. The accurate master data will enable
Heraeus to automate export control processes, including
preferential calculations for foreign trade initiatives.
“We are seeing an increasing number of companies implementing a
global trade management platform as a complementary solution to
their ERP system,” noted Rick Meyer, vice president of sales, EMEA,
at Amber Road. “Along with this trend, more companies are choosing
a solution that delivers trade content fully integrated with the
logic, which is fundamental to the kind of end-to-end global trade
management program that Heraeus is working towards.”
About Amber Road
Amber Road’s (NYSE: AMBR) mission is to improve the way
companies manage their international supply chains and conduct
global trade. As a leading provider of cloud based global trade
management (GTM) solutions, we automate the global supply chain
across sourcing, logistics, cross-border trade, and regulatory
compliance activities to dramatically improve operating
efficiencies and financial performance. This includes collaborating
with suppliers on development, sourcing and quality assurance;
executing import and export compliance checks and generating
international shipping documentation; booking international
carriers and tracking goods as they move around the world; and
minimizing the associated duties through preferential trade
agreements and foreign trade zones. Our solution combines
enterprise-class software, trade content sourced from government
agencies and transportation providers in 145 countries, and a
global supply chain network connecting our customers with their
trading partners, including suppliers, testing/auditing firms,
freight forwarders, customs brokers and transportation carriers. We
deliver our GTM solution using a Software-as-a-Service (SaaS) model
and leverage a highly flexible technology framework to quickly and
efficiently meet our customers’ unique requirements around the
world.
For more information, please visit www.AmberRoad.com, email
Solutions@AmberRoad.com or call 201-935-8588.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160209006095/en/
Media ContactKathleen Hickey+1
202-607-7553KathleenHickey@AmberRoad.comorAmber Road
ContactsAnnika Helmrich (US & Canada)+1
201-806-3656AnnikaHelmrich@AmberRoad.comorMartijn van Gils (Europe
& Asia)+31 858769534MartijnvanGils@AmberRoad.com
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