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EAST RUTHERFORD,
NJ, September 7, 2011 --
Management Dynamics, a leading
provider of global trade
management solutions, today
announced that TALIS Group, a
world-leading provider of water
valves and services for the
whole water cycle, has gone live
with the Management Dynamics'
Export On-Demand solution for
restricted party screening (RPS).
Deploying Export On-Demand is a
foundation technology for
TALIS's goal of centralizing and
automating its global export
compliance processes.
Over the past year, the
company's European group has
acquired multiple companies that
now operate as TALIS Group
subsidiaries, prompting TALIS to
consolidate management of its
global trade compliance
capabilities. Since the
beginning of May, Management
Dynamics' Export On-Demand
solution has been running at all
German entities in TALIS Group,
with additional European
entities scheduled to come
online in stages over the coming
weeks.
The TALIS Group subsidiaries
trade with approximately 30,000
parties around the globe,
creating a highly complex
compliance environment. TALIS
chose the Management Dynamics
solution because of its
worldwide breadth of coverage,
spanning more than 200
restricted party lists, as well
as its ability to support a
phased deployment. TALIS' most
immediate need was automating
restricted party screening,
which is a key component of
Management Dynamics'
comprehensive Export On-Demand
solution, yet have the ability
to easily add additional
functionality, such as License
Determination and
Classification, as their
compliance needs evolve.
The Management Dynamics' Export
On-Demand solution allows TALIS
to centralize compliance
management from TALIS in
Germany. Utilizing a
multi-tenant and
multi-organization architecture,
team-based workflow and
on-demand in the cloud, all
subsidiaries and offices within
TALIS Group can easily manage
their own customer shipments.
"Restricted party screening is
the first step in our long-term
strategy to implement a complete
export control program," said
Manuela Tarasow, Trade
Compliance Manager at TALIS
Germany, and head of the trade
compliance program for TALIS
Group. "With the modular
structure of Management
Dynamics' Export On-Demand
solution, we are assured of easy
expansion to further automate
our export processes."
The Management Dynamics' Export
On-Demand solution was
implemented in just five weeks
from project kick-off to
go-live.
Nathan Pieri, Senior Vice
President of Product Management
and Marketing at Management
Dynamics, commented: "With its
highly complex organizational
structure and rapid expansion,
TALIS Group has done very well
to implement the first stage of
a centralized global trade
compliance program in such a
short time."
About TALIS
With the backing of powerful
brand names such as ERHARD,
BAYARD and BELGICAST…TALIS is
always the number one choice
whenever water transport or
control is required. TALIS is
the leading European product and
solution provider for water
distribution, transport and
control applications mainly
serving industrial and municipal
customers. With the industry's
strongest and comprehensive
range of products we offer
comprehensive solutions for the
entire water cycle. Our
experience, innovative
technology, global expertise and
individual consultation process
form the basis for developing
sustainable solutions for the
efficient handling of the vital
resource "water".
For more information visit our
website
www.talis-group.com.
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