Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that Black & Veatch, a U.S.-based global engineering, construction and professional services company, is using Descartes Visual Compliance™ to automate denied party screening and reduce trade compliance risk as it continues its global growth trajectory.
Descartes Visual Compliance is a cloud-based solution for export, financial and trade compliance, including restricted and denied party screening, controlled goods classification, and export license and documentation management. The solution includes comprehensive watch list, regulatory and tariff content from the U.S., as well as the EU, APAC and EMEA regions. Descartes Visual Compliance helps companies in diverse industries, such as aerospace, financial services, retail, manufacturing, education, transportation and defense, to better navigate the ever-changing, complex world of foreign trade compliance by streamlining workflows, mitigating business risk and enhancing overall compliance.
Peter Loftspring, Black & Veatch’s Senior Vice President and Chief Compliance Manager, said that “embedding Descartes Visual Compliance into our internally-developed systems and leveraging its automated screening capability has helped us to keep pace with the growing number of contracts that we manage.” At the same time, he said, the technology “increases capacity in the compliance team to focus on more strategic activities, such as training and internal stakeholder engagement.”
Loftspring considers Descartes Visual Compliance to be a valuable tool “in the world of infrastructure development where safety is sacrosanct” and where “Black & Veatch is recognized internationally for our commitment to both safety and compliance.”
“We’re pleased that our compliance solution is helping Black & Veatch advance its international growth objectives by increasing screening efficiency and minimizing the exposure to trade-related risks,” said Jackson Wood, Director Industry Strategy at Descartes. “By using the Descartes solution as part of a program to meet high regulatory standards, compliance can become a business enabler for companies operating in highly-regulated, fast-growing industries, streamlining due diligence processes and helping to enhance the image and reputation of the organization.”