Restricted Party Screening | Restricted Party Screening

Restricted Party Screening
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Restricted Party Screening 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:

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Storing and linking information for all business partners, including individual contacts, parent or subsidiary companies, and their relationship to you

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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

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Determining whether a destination country is subject to embargoes by the country of export

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Keeping current with constantly-changing lists from around the world

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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 over 200 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 capabilities make 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 over 200 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