In this competitive world, every IT service provider strives to deliver improved software and enhance its features on regular basis. To name few
All this effort is to attract more customers and increase our sales margins. It is very evident that Customers and even Vendors play a key role in every business. Now the Question is “Are we doing Business with Right Customers & Vendors?”
In an era of tight security, determining whether individuals, companies or organizations are restricted from conducting trade is essential. Exporters are responsible for ensuring that they are compliant with government regulations and that their goods are not being sold to undesirable entities. These entities are referred to as Denied, Debarred, and/or Restricted Parties, and checking your transactions against these restricted party lists is called a Restricted Party Screening (RPS) process.
Recently, we have developed a Master Data Solution for one of the World’s largest confectionery, food and beverage companies. We ensured the basic functionality as mentioned below
But, what we additionally improved further is related to Legal & Compliance.
What we achieved?
Benefits to Client:
Key Message:
It is important to expand scope beyond technical and functional requirements and ensure we are also aligned with Legal & Compliance
About Author
• Sreeram Kasturi is working as Senior Technology Architect with Infosys and has been executing complex SAP NetWeaver projects for major customers in America, Europe & Asia Pacific
• He is a Techno Functional Consultant and has expertise in the areas of SAP Portal, SAP MDM, SAP GDS, SAP BPM & SAP KMC.
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