Global trade management systems provider Management Dynamics has reported that Communications Test Design has deployed its RPS On-Demand solution.

 

The Management Dynamics’ RPS On-Demand solution was selected by CTDI (News - Alert) for its functionality, ease of use and ability to centralize its compliance with multi-organizational and team-based workflow, the companies said. Doing this will help global branches to easily manage their own customer shipments.

 

“CTDI uses our RPS On-Demand solution to centralize and streamline its compliance process to improve productivity and effectively manage supply chain risk,” said Jim Preuninger, CEO at Management Dynamics.

 

An advanced risk management solution, RPS On-Demand solution screens individuals and businesses to identify prohibited transactions based on more than 90 restricted party lists.

 

CTDI is a full service global engineering, repair and logistics company. It provides the service of screening shipments for many of its customers. The company needed to streamline its screening process across multiple order management systems and 25 locations.

 

The company said that it has “significantly” reduced corporate risk since automating restricted party screening. In addition, it has also improved compliance with global trade and security regulations while minimizing time and resources required for screening.

 

 “We needed to prevent any illegal transactions with restricted entities or trade parties and avoid potential fines and penalties for CTDI and its telecom customers,” said Greg Pugh, global compliance manager at CTDI, adding that the company previously relied on a fragmented, incomplete process.

 

 “Since using the RPS On-Demand solution, we have significantly reduced our corporate risk, liability and exposure to prohibited transactions,” added Pugh.

 

RPS On-Demand, a Web-based solution, is available on a flexible, on-demand architecture. According to company officials, it addressed CTDI’s needs with a secure, comprehensive method to automate screening of its customers, vendors and other trading partners against all restricted party lists from governmental institutions worldwide.

 

Thanks to improved screening algorithms based on computational linguistics, RPS On-Demand now delivers at least a 30 percent improvement in screening accuracy with a 70 percent reduction in false positives over traditional methods, said company officials.