Case Study
TALIS Group Centralizes and Automates Restricted Party Screening with Amber Road
The newly-formed TALIS Group had a highly complex compliance environment that included factors such as: a strategic mix of thousands of products, 30,000 trading parties, different companies in ten countries throughout Europe and beyond, and just one manager responsible for Group-wide trade compliance. To reduce its trading risk and ease its restricted party screening (RPS) workload, TALIS Group chose the RPS module of Amber Road’s Export On-Demand solution.
Since implementing the solution, the company has realized several benefits:
Lowered trading risks
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Reduced screening time by up to 80% and lowered false positive rates
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Dramatic reduction in staff involvement in screening, from 200 people to 12
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Improved flexibility and cost effectiveness to expand the project as the organization grows
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Centralized control and visibility into all subsidiaries
Amber Road’s RPS system minimizes our risk and saves huge amounts of time. Our subsidiaries can follow their preferred workflows, while I gain centralized visibility and control.
Trade Compliance Manager
TALIS Management Holding GmbH
