WATERLOO, Ontario, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Emerald Performance Materials, a producer of specialty chemicals for food and industrial applications, is using the Descartes MK Dynamic Screening™ solution to proactively screen global customers and trading partners to reduce the risk of conducting business with parties who may be subject to trade restrictions.
"We've used Descartes' on-demand system to manually screen customer data for years. However, it's becoming an industry best practice to screen the full range of participants in a company's business to help comply with global trade restrictions," said Peter J. Miller, Global Trade Compliance Manager at Emerald. "As updates are made to denied parties lists, Descartes' dynamic screening solution gives us more robust capabilities to monitor suppliers, logistics providers and employees in addition to customers. The automation enabled by the system saves us an enormous amount of time, and helps us to better mitigate risk by centralizing and standardizing compliance practices across our operations in the U.S., the Netherlands and the U.K."
Government agencies and international organizations regulating global trade maintain a variety of lists of people, organizations and countries with whom conducting business is restricted or prohibited. In addition to the potential for reputational damage, penalties for non-compliance can include fines, revocation of export privileges and criminal charges. With Descartes MK Denied Party Screening™ solutions, companies of all sizes can easily and efficiently screen against a comprehensive international database of denied and restricted parties. Customers can tailor their screening processes to fit their unique risk parameters, flag potential compliance issues for resolution, and integrate denied party screening with other internal systems for global trade and enterprise management.
"We're pleased to play an ongoing role in Emerald's compliance practice by helping them efficiently monitor the trade status of their customers and trading partners worldwide," said Ken Harris, Head of Denied Party Screening at Descartes Systems Group. "Descartes' industry-leading denied party screening solutions provide manufacturers, distributors, retailers, logistics services providers, banks and technology companies with the critical capabilities to help identify and avoid conducting business with government sanctioned parties around the globe."
About Emerald Performance Materials
Emerald Performance Materials, LLC produces and markets technologically advanced specialty chemicals for a broad range of food and industrial applications. Its products play a variety of roles in the products that are consumed and used every day, enabling them to last longer, look, smell, taste or perform better. Emerald products are used in aerospace, food, beverages, cosmetics, toothpaste, household products, paint, tires, automobiles, sports gear and many other applications. Headquartered in Cuyahoga Falls, Ohio, Emerald has nine operations and more than 800 employees. For more information, visit www.emeraldmaterials.com.
About Descartes Systems Group
Descartes (Nasdaq: DSGX) (TSX: DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.
Copyright ©2020. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing