Businesses should run stringent background checks on their existing and potential partners to avoid risks and improve regulatory confidence. Watch list screening provides another layer of protection against liabilities and reputational damages by allowing companies to avoid getting involved with prohibited, sanctioned, or high-risk entities, organizations, and individuals.
But the ever-growing partner ecosystem can overwhelm technical and business users. As the value chain expands, it will become even more complex to screen potential partners.To avoid risk and improve compliance, you need a cutting edge watch list screening application that enables you to:
Streamline Your Screening Process
Using SAP Watch List Screening
Automate key screening processes such as sanctioned party detection and blocking so you can focus on running your business and minimize costs and delays.
Take advantage of a software-as-a-service model for more streamlined and anytime, anywhere restricted party screening.
Use a watch list screening application that easily integrates with other SAP and non-SAP tools for smoother and faster screening processes.
Real-time Compliance Checks
More proactively mitigate risks through real-time compliance check that takes advantage of real-time data and intelligence.