In an era of paramount regulatory compliance and risk management, companies must avoid engaging with high-risk business users, partners, or entities.
SAP Watch List Screening provides a critical solution for companies looking to safeguard their operations by automating the screening process against international watch lists. By integrating with existing SAP systems, this solution ensures businesses remain vigilant and compliant in a rapidly evolving regulatory landscape.
This article explores how SAP Watch List Screening helps organizations mitigate risks, maintain compliance, and protect their reputations by enabling real-time, efficient, and accurate screening.
Outlining the SAP Watch List Screening Solution
SAP Watch List Screening is designed to help organizations simplify compliance with global regulations by automating the process of screening business partners, customers, and transactions against international watch lists. It integrates seamlessly with SAP ERP and SAP S/4HANA, allowing for real-time checks during critical business processes.
The solution leverages advanced algorithms and up-to-date databases to identify potential risks, flagging any matches for further investigation. By providing automated and accurate screening, SAP Watch List Screening minimizes non-compliance risk, reduces manual workload, and helps organizations maintain their reputations in a highly regulated global environment.
Key Features
Here’s a closer look at the main features included in the SAP Watch List Screening application:
Party screening
- Automatic screening for denied or restricted parties with process blocking and release features
- Regular compliance checks for procure-to-pay and order-to-cash processes
- Ad-hoc screening capabilities for extended use cases
Risk management
- Reduce overall risk of non-compliance across the global business landscape
- Foster partnerships between sanctioned individuals and entities to improve compliance
Simplified screening process
- Leverage a Software-as-a-Service (SaaS) model to simplify screening compliance
- Access real-time watch lists to streamline uploads and accelerate results
Automated compliance
- Streamline compliance checks across sales and procurement processes
- Reduce overall supply chain delays, avoid risks, and drive faster time to value
Seamless integration
- Facilitate integrations with SAP S 4HANA to enhance collaboration and improve results
- Leverage published APIs to streamline connections between SAP and external systems
How Can We Help?
Whether you need help implementing new SAP applications in an existing SAP environment, navigating complex integrations between SAP and non-SAP systems, or maintaining effective communication across project teams, Surety Systems is here to help.
Our senior-level SAP consultants have the knowledge, skills, and experience to handle your critical project needs and prepare your internal teams for long-term success and innovation.
Contact Us
For more information about our SAP consulting services or to get started on a project with our team of expert consultants, contact us today.
