Know Your Counterpart – Getting The Basics Right from Start

Are you getting to know your trade partners right from the start?

We are afraid that several companies still remain unfazed about the implications of not following trade compliance regulations. Each day, there are “wake-up” calls for these organizations, especially when other organizations are penalized for their mistakes.

We don’t want you to repeat the same. It’s time to get the basics right.

The denied party screening software will help you as a means to know your counterpart before proceeding to commit to a business transaction. Knowing a trade partner is a matter of great importance and cannot be neglected at the excuse of any other thing.

Apart from the traditional NAP (Name, Address, Phone), you will need vital information about their intermediate consignees, ultimate consignees, end-users, etc. The instructions from the Bureau of Industry & Security, the Department of Commerce, and other US governmental authorities will help your purpose.

In order to know your customer, your business can rely on denied party screening software and extract the maximum information via an exact match, phonetic match, or fuzzy logic. You can search for restricted parties automatically and dynamically with the help of this cloud-based software. Since trade compliance consultants will guide you through the internal control program, you have fewer difficulties in the tow.

Small businesses and organizations worried about export control procedures can stay out of worries if they subscribe to cloud-based solutions. Intredex Inc. is a leading group of trade compliance consultants for export-related screening procedures.