Sanctioned party screening

Discovery

Our team will first define with you what your needs are and the concerns applicable to your business, i.e., export controls or dual use classification, compliance screening, transactional exports controls, or license management.

Onboarding

Following the scope of work agreed upon during discovery, our team will set up the solution and configuration settings, including risk assessment, hit probability ratio, and business rules. 

Day-to-day

Business partners can be automatically screened from your ERP’s master data, sales orders, outbound deliveries, invoices, etc., either via the standard API, via SAP plugin, or manually. Sanctioned party lists are included and automatically kept up to date.  If there is a match, the solution will flag it and indicate the context of the sanction upon which you can keep the party blocked or consider as a ‘false positive’. If you don’t have a dedicated compliance manager available, our managed services team can monitor the screenings and alert a designated person in your company to make the final decision to block/unblock.  

For export controls, transactions such as sales orders, outbound deliveries, shipments, or invoices can be automatically screened against controlled goods, either via the standard API or via the SAP plugin. If the solution identifies a controlled goods item in the transaction, you can decide to either unblock the transaction or trigger a license request. Our managed services team can monitor this process if there is no dedicated trade compliance team at hand.  

If the additional option of license management is chosen, the solution, in addition to export controls screening, will also automatically keep track of transactions, quantities, and values related to the obtained export licenses for compliance and reporting reasons. Our managed services team can monitor whether certain export licenses need to be renewed to avoid blocked shipments.