Understanding Cloud Computing & How Global Trade Management Solutions Work in the Cloud


Published on

Integration Point covers the basics of cloud computing and how the technology can be used in global trade management

Published in: Technology, Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Understanding Cloud Computing & How Global Trade Management Solutions Work in the Cloud

  1. 1. © 2014 Integration Point www.IntegrationPoint.com Understanding Cloud Computing & How Global Trade Management Solutions Work in the Cloud
  2. 2. © 2014 Integration Point www.IntegrationPoint.com 22 Overview • Business applications in the cloud are moving us all into the next phase of computing and data sharing, especially in the area of global trade • We’ll examine the basics of what cloud computing is, its characteristics and deployment methods, among other topics
  3. 3. © 2014 Integration Point www.IntegrationPoint.com 33
  4. 4. © 2014 Integration Point www.IntegrationPoint.com 44 What is Cloud Computing? The storing and accessing of applications and computer data often through a web browser rather than running installed software on your personal computer or office server. It is internet-based computing whereby information, IT resources, and software applications are provided to computers and mobile devices on demand. It is the using of the internet to access web-based applications, web services and IT infrastructure as a service. www.cloudcomputingdefined.com
  5. 5. © 2014 Integration Point www.IntegrationPoint.com 55 Is Cloud Computing New? • Some documented history shows that the first cloud computing concept was introduced in the late 1950s when universities and large corporations set up mainframe computers that could be used to communicate between parties but not handle any form of workflows or computations. • The next version of cloud computing came in the 1990s, in the telecommunications industry’s development of virtual private networks, or VPNs.
  6. 6. © 2014 Integration Point www.IntegrationPoint.com 66 Why Choose the Cloud? The cloud is becoming more of an acceptable option among companies looking for ways to grow and expand without having to invest additional resources (time and money) into technology infrastructure, solutions, services, etc.
  7. 7. © 2014 Integration Point www.IntegrationPoint.com 77 Characteristics of Cloud Computing The cloud can be defined by its characteristics as well: • Maintenance – Cloud applications do not have to be stored on a server or client desk top, thus reducing the need for constant updates or installs to access the most up-to-date resources • Flexibility – Companies have the flexibility of being able to access infrastructure resources as needed in the manner that best works for their business without requiring human interaction with each service provider • Cost – Depending on the type of cloud used, cost is shared across many versus one having to should the cost of set up, storage, memory, network bandwidth, etc. • Accessibility – Users can access it from any location around the globe • Scalability – Companies scale their use of the cloud as their business grows to provide resources and infrastructure in real-time, without having to decipher usage times, balance loads or invest in additional IT resources
  8. 8. © 2014 Integration Point www.IntegrationPoint.com 88 The Rise of the Cloud The National Institute of Standards & Technology (NIST) has broken down the delivery models into three that are most commonly accepted today: – Infrastructure as a Service (IaaS) – Platform as a Service (PaaS) – Software as a Service (SaaS)
  9. 9. © 2014 Integration Point www.IntegrationPoint.com 99 Software as a Service (SaaS) • SaaS is the most commonly known and most widely used delivery model • It eliminates the need to install and run an application on multiple machines – This means less costs and a more simplified process for maintenance and support
  10. 10. © 2014 Integration Point www.IntegrationPoint.com 1010 Saas in Global Trade Management SaaS models are also how we see many Global Trade Management (GTM) providers such as Integration Point deploying software to clients around the world to assist with the management of compliance in their import/export processes
  11. 11. © 2014 Integration Point www.IntegrationPoint.com 1111 Security in the Cloud • Generally, the SaaS model, through a private or hybrid cloud method, provides the most integrated functionality built directly into the offering, and a high level of integrated security where the provider bears the responsibility for the security • To help make sure data security is not compromised, it is important to have security protocols for your company as well as ensure the service provider has fully vetted security on their platform • There should also be a protocol for monitoring the service of the platform as well as monitoring for any attacks or failures
  12. 12. © 2014 Integration Point www.IntegrationPoint.com 1212 Business Applications & the Cloud • Companies need applications that help them do everything from manage payroll to invoice customers to pay suppliers and more • Companies should look to access solutions through a public cloud as much as possible, but use a private cloud to protect vulnerable data – That is where the hybrid model works best -- The hybrid approach allows companies to share infrastructure between companies with common needs, while providing the confidentiality needed to protect company specific data For example: Integration Point offers a Denied Party Screening solution that places over 250 different global restricted party lists in a public cloud that can be accessed by all customers. When our customers upload their customer list to be scanned before export, that list is shared across only their company in a private cloud. Users are able to benefit from both the public and private clouds without sacrificing data quality or security.
  13. 13. © 2014 Integration Point www.IntegrationPoint.com 1313 GTM in the Cloud • Global Trade Management (GTM) in the cloud means having access to a solution that not only provides up-to-date information in a secure environment, but also allows companies to add compliance areas as their needs grow • It is a single source of truth that is accessible to all parties in the supply chain, while maintaining the integrity of that data in a secure environment • According to a study done by the AberdeenGroup, 78% of respondents plan to centralize the trade compliance function and establish shared data access/exchange across the global enterprise in the next 12 months Enhancing trade compliance and global shared access emerged as one of the key themes for GTM improvement initiatives from this study
  14. 14. © 2014 Integration Point www.IntegrationPoint.com 1414 Why move your GTM to the cloud? Being able to gain visibility into the entire supply chain through one platform allows a company to bring other areas or locations on board in a seamless fashion. Benefits include: • Increase productivity without increasing costs • Reduce expenses related to IT infrastructure • Streamline processes and provide access to data to your global workforce • Add on services and solutions as your compliance needs grow • Improve collaboration between teams and reduce time wasted on emailing files • Connect directly to supply chain partners and government agency systems to share data • Access regulatory information that is updated and maintained by a service provider • Create internal data repositories to share company specific data across the supply chain
  15. 15. © 2014 Integration Point www.IntegrationPoint.com 1515 Example Let’s look at an example of a company using a shared global trade management platform and the benefits they are experiencing. The company has now automated the following manual processes using the centralized cloud-based GTM software from Integration Point: • Classification management for all of its production parts globally • Tracking current and historical exchange rates with multiple countries • Free Trade Agreement certification tracking and filing based on information within the system • Manifest automation with multi-party, shared access • Inventory level detail of imports and exports in multiple locations • Export Management including data filing with government agencies • Supplier risk assessment and compliance This resulted in millions of dollars saved and improved efficiency in global trade management and compliance. The new platform allows for the online exchange of and access to data for any department within the company and to external groups. A Fortune 200 Automobile company with global operations realized they were expending many man-hours to ensure accurate trade communication and compliance – all of which included enormous amounts of data entry, manual document creation, and event tracking. The company automated all of these processes, plus others, using Integration Point’s Global Trade Management solution.
  16. 16. © 2014 Integration Point www.IntegrationPoint.com 1616 Finding the Right Cloud-Based GTM Vendor • Find a system that meets your business needs now and in the future – A benefit of having a GTM platform in the cloud is that you can start off buying access to the solutions you need at that time – As your company grows and your needs expand, you can easily add on other solutions that are part of the platform
  17. 17. © 2014 Integration Point www.IntegrationPoint.com 1717 How Do I Know What’s Right? When looking for the right technology, what questions should you be asking? Divided into four areas – cloud computing, tools, software functionality and software implementation – Integration Point presents some vital questions that should be asked when searching for a cloud-based GTM provider. View the questions in the White Paper here.
  18. 18. © 2014 Integration Point www.IntegrationPoint.com 1818 In the Cloud – Is It That Easy? There is a lot to think about when considering business applications in the cloud. However, leveraging software in the cloud has many advantages, especially when managing and automating your import/export compliance processes. The right Cloud provider is out there – are you ready to make the move? To learn more, download the Cloud Computing White Paper here.
  19. 19. © 2014 Integration Point www.IntegrationPoint.com 1919 About Integration Point A leading provider of global trade management solutions, Integration Point provides import and export capabilities, up-to-date regulatory information for 160+ countries and connectivity to supply chain partners and government agencies across the world. The Integration Point Global Trade Management platform is the most comprehensive global compliance platform with the greatest customer adoption in every industry segment, having the deepest and broadest functionality available from a single global trade platform. Integration Point built its products with a global perspective, recognizing that every customer would differ depending on whether they import, export, or both. Contact Integration Point at info@IntegrationPoint.com Visit the website at IntegrationPoint.com
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.