While the government does release lists of organizations and people you can’t ship to, it’s up to your company to conduct the denied party screenings. Sometimes, your supply chain is not as simple as just pick, pack, and ship. You must factor in compliance with your processes, especially when you risk costly legal penalties and worse.

Businesses must continually screen their trade chain partners and every financial transaction to weed out denied parties. And, they must make sure that goods, technologies and services are not destined for a sanctioned or embargoed country.

While screening can take some time, companies use software that automatically screens the company’s client database to identify if any clients are a denied party. This technology protects businesses from expensive fines and prevents them from violating the law. Do you use this robust denied party screening technology today in your shipping process?

For example, denied party screening software does the tedious work of comparing supplier information against multiple international watch lists, allowing procurement managers to identify potential “problem suppliers” before the contract is signed.

What is denied party screening?

Denied Party Screening (sometimes referred to as Restricted Party Screening), relates to the process of checking a potential business partner or customer against denied and sanctioned party lists to ensure you are not violating any export control regulations.

Continue reading Does your ERP system have Denied Party Screening at Soft Freight Logic.