Restitution Management

process category

Restitution Management is a special concern to companies in the food and agriculture industries, because it helps European Community agricultural exporters recoup subsidies for selling products to non-EC countries at lower-than-normal prices. As part of the EC's Common Agricultural Policy (CAP), when a company sells (exports) products to a customer in a lower-paying country, the seller must then apply for its subsidy -- called "restitution" -- from the EC. Filing and tracking that application can be a difficult process. SAP GTS automates this entire process.