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
Reduced screening time by up to 80% and lowered false positive rates
Dramatic reduction in staff involvement in screening, from 200 people to 12
Improved flexibility and cost effectiveness to expand the project as the organization grows
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