Gain Complete Visibility into the Export Process

Restricted Party Screening

You are here

Issues and Challenges

In an era of heightened security, determining whether individuals, companies or organizations are restricted from conducting trade is essential. Exporters are responsible for ensuring that they are compliant with government regulations and that their goods are not being sold to undesirable entities.

Challenges include:

  • Storing and linking information for all business partners, including individual contacts, parent or subsidiary companies, and their relationship to you
  • Determining whether a partner or contact has been placed on any official denied persons or illegal trans-shipper list, blocked from import or export transactions, or sanctioned by a government for illegal acts
  • Determining whether a destination country is subject to embargoes by the country of export
  • Keeping current with constantly-changing lists from around the world
  • Managing the hold and resolution process efficiently so shipments are not delayed

 

How Amber Road Can Help

Amber Road's Export Management solution provides a secure, comprehensive method to automate the restricted party screening (RPS) process. It enables exporters to quickly screen customers, suppliers, and other trading partners against 340 restricted party lists from government institutions worldwide.

Using a centralized partner repository, an organization can logically store and access information about trading partners. Partners can be linked to their parent or subsidiary companies and to multiple individual contacts. Each partner record can contain information related to the individual countries where that partner operates

Screening can be performed against the partner table, or on an ad hoc basis. Amber Road's restricted party screening capability makes use of intelligent algorithms and business rules that help increase the accuracy of matches. A low false positive rate means fewer records need to be checked manually for hits. Business rules can also be configured to regulate the number and type of lists that are checked for a particular partner.

When matches occur, highly configurable workflow features allow efficient resolution of holds using routing, alerts, and escalations. With a high accuracy rate, employees can focus on clearing holds and speeding shipments rather than researching numerous matches.

 

 

Features Benefits

Partner Table

Centralize information about business partners to aid screening
View partner relationships through parent/subsidiary linkages
Reuse partner information throughout the system in a range of transactions
Upload documents, such as certificates, to the partner record
Define and assign any number of partner types
Maintain an audit history for changes to the entire record and for changes to individual fields

Restricted Party Screening (RPS)

Screen customers, suppliers, and other trading partners against 340 restricted party lists from governments worldwide
Select or deselect which lists to use for more efficient screening
Tune the linguistics algorithms to deliver the highest level of accuracy with the lowest rate of false positive hits
Receive daily updates to international restricted party lists
Designate which partners or transactions should be re-screened when new data is received

Advanced Screening and List Management

Associate various words and characters to account for local dialects, abbreviations, and shortened names
Assign greater significance to unique words
Perform ad hoc screening, and then save or email those results if needed
Maintain your own "gray list" of restricted parties
Screen by partner type
Select or deselect which fields to screen

Workflow and Reporting

View a report of all potential matches to RPS lists
Override hits as "false matches," or confirm names as actual matches
Configure an unlimited number of workflows to send automated alerts to users based on screening results, escalations, and pending tasks
Configure all resolutions, escalations and other actions by role
Define escalations and associated notifications based on your organizational structure
View a complete history of actions performed on a given customer or supplier record
Communicate easily with team members using a messaging tool and discussion boards
View portlets on the user dashboard to help manage RPS tasks

Integration with Enterprise Systems

Upload and synchronize customer master files and return RPS holds using direct XML-based integration with your enterprise system

Trade Compliance

Conducting global trade is enormously complex due to regulatory controls and reporting requirements. Companies must stay in compliance.

Amber Road’s solutions automate all compliance functions. Our solution performs restricted party screening against blacklists, determines import and export license requirements, generates shipping documents to file with government agencies and creates a complete audit trail.

KEY CUSTOMERS

belkinBloomin BrandsSteelcaseOWL

“The RPS On-Demand solution has allowed us to fully automate this manual, time-consuming task, eliminating potential fines or penalties due to trading with denied parties.”

 

Director, Regulatory Compliance and Senior Counsel
Intelsat, Ltd.

“One of our long-time customers was flagged in the system as being on a denied party list the same day the customer was added to the federal registry. As a result of the Amber Road content team’s quick response, we were able to put a hold on the order and prevent a violation from occurring.”

Export Compliance Coordinator
New England Wire Technologies

CASE STUDY

Case Study Icon

TALIS Group
Centralizes and Automates
RPS

Download Now »

SOLUTION BRIEF

Brochure Icon

Restricted Party
Screening

Capabilities for Every
Screening Challenge

Download Now »

UPDATE YOUR EMAIL PREFERENCES

To receive FREE Global Trade
Management Tools and Resources

Update Now »

VIDEO

Global Trade Minute

Restricted Party

Screening

Watch Now »

WHITE PAPER

White paper Icon
Six Best Practices to Improve Compliance with a Restricted Party Screening Solution

Download Now »