Sourcemap Launches EU-TCR Integration for Enhanced Compliance

Sourcemap Unveils Innovative EU TRACES and SAP Integration

Sourcemap, a pioneering force in supply chain regulatory software, has recently launched its new integration with EU TRACES and SAP ERP systems. This revolutionary step is designed to enhance compliance for businesses dealing with complex supply chain regulations under European Union laws.

Streamlining Compliance with Automation

The all-new Sourcemap EUDR solution enables companies to achieve end-to-end compliance effortlessly. The software utilizes multi-tier mapping along with satellite analysis, enabling it to perform customs clearance in under ten minutes. This efficiency is paramount for businesses looking to meet strict regulatory deadlines without disrupting their daily operations.

Real-Time Data Submission

One of the standout features of Sourcemap's EUDR solution is its automated integration with ERP systems. This seamless connection allows for real-time data submission to the EU TRACES platform. A Due Diligence Statement is generated and submitted digitally, ensuring compliance with minimal manual intervention.

Challenges of EUDR Compliance

For importers, manufacturers, and retailers, achieving EUDR compliance has become a critical necessity. Leonardo Bonanni, the Founder and CEO of Sourcemap, highlights, "Achieving instant EUDR compliance is mission-critical for all stakeholders involved in the global supply chain." With the increasing volume of shipments processed daily, businesses require a reliable solution capable of handling extensive data efficiently.

Trusted by Major Brands

Sourcemap's solution is already making waves in the industry as it has gone live with several major grocery, retail, electronics, and food companies across Europe. This extensive adoption illustrates the trust that top-tier brands place in Sourcemap's capabilities to manage compliance across thousands of locations and millions of shipments within all 44 EU member countries.

Sourcemap's Commitment to Sustainability

Beyond just compliance, Sourcemap is dedicated to promoting sustainability within the supply chain industry. The platform not only assists in adhering to EUDR guidelines but also integrates features that scan shipments for deforestation through satellite imagery. By taking these steps, Sourcemap is ensuring that businesses can maintain regulatory compliance while also committing to environmental responsibility.

ISO Certification and Industry Recognition

The Sourcemap EUDR solution has received ISO 27001 certification, underscoring its commitment to information security. This recognition is a testament to the software's reliability and the rigorous standards it meets, making it an ideal choice for companies aiming to navigate the complexities of global supply chain compliance.

About Sourcemap

Sourcemap stands at the forefront of supply chain regulatory solutions, trusted by over 250 brands and mapping more than 5.5 million suppliers across various sectors including food, apparel, retail, electronics, automotive, and manufacturing. The company offers automated compliance solutions that cover a broad range of regulations, from EU deforestation laws to corporate sustainability directives. With teams located in New York, Chicago, and Paris, Sourcemap is recognized not just for its innovative software but also for its accolades, such as being named TIME's Invention of the Year in 2022 and making Fast Company's Most Innovative Companies list in 2023.

Frequently Asked Questions

What is Sourcemap's new integration?

Sourcemap's new integration combines EU TRACES and SAP ERP systems for faster compliance with EU supply chain regulations.

How does Sourcemap enhance compliance?

The integration automates data mapping and submission of Due Diligence Statements, speeding up the compliance process significantly.

What industries does Sourcemap serve?

Sourcemap caters to a wide range of industries, including food, retail, electronics, and manufacturing, with robust compliance solutions.

Why is EUDR compliance important?

Meeting EUDR compliance is crucial for importers and manufacturers to ensure sustainability and avoid fines while navigating the EU market.

What accolades has Sourcemap received?

Sourcemap has been recognized with numerous awards, including TIME Invention of the Year 2022 and recognition from Fast Company in 2023.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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