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EAST RUTHERFORD,
NJ, April 20, 2011 -- Management
Dynamics, a leading provider of
global trade management
solutions, today announced that
Lantiq has implemented
Management Dynamics' Trade
Automation Export compliance
solution across its global
operations. As a world-leading
provider of products and
solutions for next-generation
networks and the digital home,
Lantiq now manages compliance
and reduces related corporate
risk for 30,000 shipments and
over 200 million devices a year.
Lantiq is a privately owned
company that was recently
spun-off from Infineon
Technologies, where the
Management Dynamics solution had
been in use since early 2009.
"With Management Dynamics, we
have an all-in-one trade
export automation and compliance
solution that fully meets
all of our needs," said Virginia
Wieland, Project leader at
Lantiq. "We are very happy with
the support we received during
the implementation and being
able to go-live ahead of
schedule is testament to the
professional services team's
expertise as well as the
intelligent design of Management
Dynamics' technology and
solution."
The Management Dynamics export
compliance solution is fully
integrated into Lantiq's SAP
order management system. It
centralizes and manages the
customer's international
transaction management process,
including restricted party
screening (RPS), export license
determination and tracking.
Audit trails and complete
management reporting facilitate
Lantiq's compliance with
European, Asian and US
government regulations, and
reduces risks and costs
associated with global trade.
Management Dynamics'
End-Use Manager module is a
portal that automatically
generates customized end-use
surveys for parties involved in
any cross-border transaction,
helping the compliance team to
comprehensively survey and
collect end-use statements from
customers, suppliers and
employees.
"As a newly formed company,
Lantiq had numerous system
migration and implementation
projects running simultaneously,
so we are particularly proud
that it succeeded in completing
this implementation in record
time, with minimal resources,"
commented Nathan Pieri, Senior
Vice President of Product
Management and Marketing at
Management Dynamics.
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