How Automated Denied Party Screening Lets You Focus On Your Business

Have been going through something odd lately?

That happens to every exporter who has a humongous task of dealing with foreign clients.

The export controls shouldn’t be seen as a hindrance to business. It should be considered as a high-quality exercise implemented in the process to ensure national security. Thanks to the compliance consultants, you can save yourself from the troubles.

Precisely, the software solutions that enable automated denied party screening helps you focus on your business and carry out the regular business practices with ease. Want to know how it will help?

Check the following.

• Automatic screening and re-screening of trade partners, parties, customers, clients.

• Faster screening through thousands of names and details.

• Direct access to current export compliance regulatory updates.

• Zero repetitions of data entries and superior compliance mechanism.

• Updated versions of more than 140 lists of banned parties, sanctioned lists, etc.

• Quick and efficient report generation and defensible audit trails.

• Facility for archiving screened reports.

• Reduction in time and cost consuming due to automated screening.

• Seamless integration of software with ERP systems.

A good portion of exporters either isn’t aware of restricted party screening or intentionally skip this process to avoid any “aberrations” in the business process. However, the latter may put someone in deep trouble. Apart from criminal and civil penalties, companies will face a severe damage to their reputation. Hence, you must prevent this from happening by doing the right thing.