Export controls and ERP systems: uncovering weaknesses, finding solutions
Companies that engage in international trade rely on effective export control processes throughout their supply chain. How can ERP systems be transforme...
Companies that engage in international trade rely on effective export control processes throughout their supply chain. How can ERP systems be transforme...
Companies that engage in international trade rely on effective export control processes throughout their supply chain. How can ERP systems be transformed to meet the complex requirements of export controls? A new white paper by AEB, a provider of global trade and supply chain management software, provides answers.
AEB’s new white paper introduces the four fundamental pillars of export controls: sanctions list screening, embargo checks, critical goods screening, and end-use checks. It details what exactly companies are required to check and what role IT systems play in ensuring global trade compliance. It also helps businesses to determine whether their ERP system is up to the export controls challenge, based on ten practical tips and a useful check list.
Does the system automatically block deliveries once certain export control parameters are met? Is it possible to launch ad-hoc queries of sanctions lists from within the ERP system (for example when entering data for new customers) and is screening automatically taking place in the background of all transactions? These – and other – questions help companies identify whether their current solution has sufficient export control functionality and whether further optimisation measures can increase security and performance.
“There are no ERP systems offering effective, off-the-shelf export control functionality. But for businesses that are active on an international level, it’s become ever more crucial to embed effective export controls within their own processes. Legal consequences in case of regulatory violations can hit companies severely, and additional impacts outside of penalties may include the cessation of customs simplifications, delivery delays, reputational damage, and loss of consumer confidence.
“We hope our white paper helps companies identify the best option for them to ensure export control compliance and process efficiency.”
AEB’s white paper “Transforming your ERP system into an export powerhouse”, including a check list, can be downloaded free of charge at www.aeb.com/uk/media/white-paper-export-powerhouse.php
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