WALLDORF, Germany, Sept. 3, 2015 /PRNewswire/ -- SAP
NEWSBYTE -- SAP SE (NYSE: SAP) today announced general
availability of the SAP® Business Partner Screening application,
which helps companies gauge risk when partnering with other
organizations. SAP Business Partner Screening enables companies to
simplify business partner screening processes, minimize efforts and
costs, and optimize alert processing to help reduce exposure to
commercial, compliance and reputational risk. The announcement was
made at the SAPinsider conference, being held in Singapore on Sept. 1–3.
"With increased financial, operational and reputational risks
associated with business relationships, knowing your partners and
who they are in business with is critical," said David Houlihan, principal analyst of Blue Hill
Research, "As companies grow, so does the complexity of their
business networks of customers, suppliers, subcontractors and
others. This proliferation in the number and diversity of
relationships and data sources increases the data volume involved
exponentially, particularly for B2C businesses. Combating these
challenges requires new sets of Big Data and analytics solutions to
process information in real time to mitigate risk without impacting
the speed of business."
As companies grow organically and geographically and expand
their business network, it is essential that they capture data from
third parties and multiple list providers to identify sensitivities
associated with customers, suppliers, subcontractors or any other
partners. The SAP Business Partner Screening application is built
on the SAP HANA® platform to handle multiple sources of data and to
quickly screen very high volumes of data while minimizing false
alerts. SAP Business Partner Screening is designed to fulfill
comprehensive address screening requirements on companies' business
networks. It can perform real-time checks and put a hold on
suspicious and harmful transactions to protect the business.
"Screening business partners has become a key focus area for
customers and continues to increase in importance as companies
expand their business networks and the sources of information on
their partners multiply," said Kevin
McCollom, VP GRC Solutions Management, SAP. "Our new SAP
Business Partner Screening application leverages the power of SAP
HANA to help companies better manage third-party data to protect
and grow their business."
As part of the SAP solutions for governance, risk and compliance
(GRC), SAP Business Partner Screening easily adapts to new
requirements and enables companies to develop new screening
strategies as their business evolves.
For more information, visit the SAP News Center. Follow SAP on
Twitter at @sapnews. For further information on SAP solutions for
GRC, follow #GRC.
Media Contact:
Julia
Fargel, +1 (650) 276-8964, julia.fargel@sap.com, PDT
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SOURCE SAP SE