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EAST RUTHERFORD, NJ, April 21, 2010 -- Management
Dynamics, a leading provider of
Global Trade Management (GTM)
solutions, today announced that
Infineon Technologies AG (FSE:
IFX / OTCQX: IFNNY) implemented
its
Trade Export solution to
automate and maintain compliance
with international export
regulations. The
enterprise-class on-demand
solution has enabled Infineon to
streamline its process for
license determination and
sanctioned party screening
across its high volume, highly
complex supply chain.
Screening over 10,000 daily
transactions across 12,000
customers worldwide, Infineon
needed a robust and scalable
solution to automate compliance
with all export regulations for
shipping products to foreign
countries, as well as the
measures to ensure compliance
with national and international
anti-terrorism regulations. The
company required vendor
experience in automated license
determination for exports out of
multiple countries while
adhering to and providing
automated US re-export license
decisions, especially when
exporting dual-use products.
Infineon selected Management
Dynamics'
Trade Export solution for
its accuracy in resolving trade
compliance issues, industry
leading Global Trade Content,
and scalability.
"The semiconductor industry is
global and among the most
dynamic industries in the world.
Infineon strives to be the most
responsive partner for its
customers' needs, while at the
same time ensuring compliance
with national and international
export regulations and sanction
programs," said Wolfgang Keichel,
Vice President, Information
Technology for Supply Chain
Management at Infineon
Technologies AG. "Management
Dynamics met the complex needs
of Infineon in a very efficient
and professional way."
Fully integrated into Infineon's
SAP order management system
across all business units, the
Trade Export solution
centralizes and manages its
international transaction
management process including
restricted party screening (RPS),
export license determination and
tracking. Audit trails and
complete management reporting
provide Infineon with a
compliant process that adheres
to US, European and Asian
government regulations and
reduces risks and costs
associated with global trade.
In addition to Trade Export,
Infineon implemented Management
Dynamics'
End-Use Manager, an
on-demand solution that
generates customized end-use
surveys for parties involved in
any cross-border transaction, to
help its compliance team to
comprehensively survey and
collect end-use statements from
customers, suppliers and
employees.
"Many multinational corporations
are increasingly exporting to
more countries, which comes with
greater responsibility to ensure
that complex export requirements
are met, in particular for
exporters of controlled
technologies," said Jim
Preuninger, CEO of Management
Dynamics. "We are delighted that
Infineon Technologies selected
our solutions to help manage
export compliance and we welcome
them into our growing number of
customers with operations
focused in Europe."
About Infineon Technologies
Infineon Technologies (www.infineon.com),
headquartered in Neubiberg near
Munich, Germany, focuses on the
three central challenges facing
modern society: Energy
Efficiency, Communications and
Security. The company offers
semiconductors and system
solutions for automotive and
industrial electronics, chip
card and security applications
as well as applications in
communications.
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