Sourcemap Launches EU TRACES and SAP Integration to Streamline EUDR Compliance for Businesses

Sourcemap Integrates with EU TRACES and SAP for Enhanced EUDR Compliance

In a pivotal move for supply chain management, Sourcemap, the leader in supply chain regulatory software, has successfully integrated its platform with the EU TRACES system and SAP ERP, catering specifically to EUDR (EU Deforestation Regulation) customers. This breakthrough allows businesses to ensure compliance without interrupting their daily operations, positioning Sourcemap as a crucial player in the evolving landscape of global trade compliance.

Automated Workflow and Real-Time Compliance

The integration introduces a fully automated EUDR solution that effectively manages compliance processes. This innovative system maps each shipment back to its source, including the original farms and forests, while utilizing satellite imagery to scan for deforestation. The process includes generating a Due Diligence Statement that is electronically submitted to the EU TRACES platform in mere minutes.

As highlighted by Leonardo Bonanni, CEO and Founder of Sourcemap, "Achieving instant EUDR compliance is mission-critical for importers, manufacturers, retailers, and exporters. Our platform is the only live ERP and EU Customs integrated solution capable of handling the extensive data required for compliance."

The system is designed to be triggered by an automated ERP API, thus eliminating the need for manual interventions during regular operations. This functionality ensures efficiency and compliance, allowing businesses to focus on their core activities while maintaining regulatory standards.

Extensive Reach Across Europe

Sourcemap's EUDR solution has already gone live with some of the largest grocery, retail, electronics, and food corporations in Europe. The impact is significant, with the system monitoring thousands of locations and millions of shipments across all 44 EU member countries. By ensuring compliance with the EU's stringent environmental regulations, businesses are better equipped to navigate the complexities of international trade.

Industry Recognition and Trust

In addition to its robust compliance features, Sourcemap boasts ISO 27001 certification, reflecting its commitment to information security and best practices in handling sensitive data. Over 250 brands rely on Sourcemap's solutions, mapping more than 5.5 million suppliers across sectors such as food, apparel, electronics, automotive, and manufacturing.

The company is dedicated to providing automated solutions that meet global supply chain due diligence requirements, including not just EUDR, but also regulations surrounding forced labor, the Digital Product Passport, and the Corporate Sustainability Due Diligence Directive (CSDDD).

Sourcemap has earned accolades in the industry, being recognized as TIME’s Invention of the Year 2022 and listed among Fast Company’s Most Innovative Companies in 2023. Their commitment to innovation in supply chain technology cements their status as a trusted partner in compliance and sustainability.

Conclusion

As global trade continues to evolve, the need for reliable compliance solutions becomes increasingly critical. With its latest integration of EU TRACES and SAP ERP, Sourcemap is at the forefront of facilitating smooth, efficient, and environmentally sound trade practices. Businesses looking to enhance transparency and accountability in their supply chains must consider embracing such innovative technologies to not only meet regulatory demands but also contribute positively to the environment.