Challenges such as compliance for enterprises going overseas: How to crack SAP ERP public cloud?

In today’s world where more and more Chinese companies are going global, they often face multiple core challenges such as language and cultural barriers, compliance challenges, localization of products or services, global supply chain and logistics management, fierce market competition, brand building, and global management of technology and talent. Especially in today’s era of digitalization and cloud computing, enterprises are facing increasing business and information challenges when going overseas, such as system limitations caused by localization, compliance, and multilingual support, which may become obstacles to enterprise business growth. In this process, it becomes crucial to effectively solve these complex problems with a set of systems. More and more overseas enterprises are generally recommending SAP S/4HANA Cloud, public edition [SAP ERP Public Cloud]. So, in today’s world where enterprises face a series of challenges such as compliance, what are the clever ways for SAP ERP public cloud to solve problems for enterprises? In this issue, digital experts from enterprises going overseas will analyze each one for everyone.

What are the major challenges that Chinese enterprises need to face when going overseas?

Usually, Chinese companies going overseas will face core challenges such as language and cultural barriers, compliance challenges, localization of products or services, global supply chain and logistics management, fierce market competition, brand building, and global management of technology and talent. However, among these challenges, the most complex and challenging one is often the compliance challenge. Each country and region has its own legal and regulatory system, which means that enterprises must comply with various complex laws and regulations on a global scale, such as trade regulations, tax regulations, labor regulations, etc. These regulations often involve various operational aspects of enterprises, requiring them not only to have profound legal knowledge, but also to be able to quickly adapt to regulatory changes in various regions.

For example, the EU’s strict General Data Protection Regulations (GDPR) stipulate the rules that companies must comply with when collecting, storing, processing, and using personal data. For Chinese companies operating in Europe or providing services to European consumers, this means they must ensure that their business activities comply with GDPR regulations, otherwise they may face significant legal risks.

How is the pain of companies going abroad usually solved?

When facing the pain of going to sea, companies usually respond through various means. For example, recruiting talents with multilingual and cross-cultural communication skills, consulting professional legal advisors to understand national regulations, customizing localized products and services, optimizing supply chains to reduce costs, finding various ways to cope with market competition, investing a large amount of resources in brand building, and continuously introducing new technologies and training talents. However, these traditional methods often require a significant investment of time and resources, and the results may not necessarily be ideal.

What good suggestions do experts have for companies going overseas?

SAP collaborates with Deloitte to release the “New Chinese Enterprise High Quality Overseas White Paper”. Overseas enterprises need to control compliance risks from a global perspective in the face of increasingly complex compliance management. In the process of digital construction, efforts should be made to connect one’s own data with management institutions, establish a digital management cockpit, achieve comprehensive risk insight, build an integrated digital platform, and promote the operational efficiency of integrated distribution. Implement risk control compliance, ensure information exchange and sharing between companies, integrate and integrate data information with headquarters, achieve transparency in the management of personnel, finance, and materials of overseas companies, enhance overseas business control capabilities through solid management practices, and strengthen governance.

The Pain of Enterprise Going Abroad: How to Crack SAP ERP Public Cloud?

Chinese overseas enterprises need to have the ability to resist global risks, as well as the ability to identify and control global operational risks, especially the laws, regulations, and special requirements of different countries and regions for enterprise operation and management. So, how can the SAP ERP public cloud we mentioned earlier help enterprises solve the problem of going overseas? Taking the global compliance risks of overseas enterprises as an example, the SAP ERP public cloud embedded compliance solution can meet the GDPR requirements in Europe and relevant policies and regulations in China. Based on cloud based upgrades and updates, it can ensure that compliance content is synchronized with regulatory authorities in various countries. At the same time, SAP GRC within the SAP ERP public cloud provides data analysis support for legal compliance departments in decision-making, achieving compliance management such as anti commercial bribery and anti money laundering.

From a technical perspective, SAP ERP public cloud provides trustworthy security and compliance for overseas enterprises, thereby meeting customers’ overseas business needs and risk prevention and control. Among them, security cloud software development: support threat modeling, code scanning, security assessment, and other development; Main security and data privacy protection functions: permission concept, reading access log records; Security Operations and Architecture: Having a holistic approach to prevention, detection, and response; Comprehensive contract: establish a comprehensive privacy and security framework, and applicable local regulations; Independent audit: Provide certification and certification, etc.

Similarly, in response to enterprise language issues, SAP ERP Public Cloud currently provides localized versions in 51 countries and regions, 32 languages, and the most comprehensive globalization support, which is constantly being enriched.

In fact, SAP ERP public cloud not only provides global compliant solutions for our overseas enterprises, but also helps them comply with national regulations. We also provide global business processes and data models for enterprises, helping them cope with language and cultural challenges in different countries, and achieving localization of products and services. At the same time, it also provides global supply chain solutions to help enterprises optimize supply chains, reduce costs, and powerful market analysis and Competitive intelligence tools to help enterprises cope with market competition. Of course, it includes providing global Talent management solutions to help enterprises attract and retain global talents.

The process of Chinese enterprises going to sea is not smooth sailing, but full of challenges. How to fully understand and respond to a series of challenges in order for enterprises to succeed in the global market. So it is necessary to use powerful public cloud tools to achieve effective control over going out to sea. Whether it’s language and cultural adaptation, compliance with local regulations, or even global supply chain management, simplifying a series of complex challenges is essential to successfully achieve a sea going strategy.

For more information on enterprise outbound, public cloud, ERP cloud, cloud ERP, and SAP ERP public cloud solutions, click on the link here to learn more.

SAP S/4 HANA Cloud

This article "Challenges such as compliance for enterprises going overseas: How to crack SAP ERP public cloud?" by AcloudEAR. We focus on business applications such as cloud ERP.

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