Black & Veatch Uses Descartes Visual Compliance™ to Help it Grow Globally
August 30 2021 - 6:45AM
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), 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.”
About Black & Veatch
Black & Veatch is an employee-owned global engineering,
procurement, consulting and construction company with a more than
100-year track record of innovation in sustainable infrastructure.
Since 1915, we have helped our clients improve the lives of people
around the world by addressing the resilience and reliability of
our most important infrastructure assets. Our revenues in 2020
exceeded US$3.0 billion. Follow us on www.bv.com and on
social media.
About Descartes
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, and connect with us
on LinkedIn and Twitter.
Global Media Contact Cara StrohackTel: +1(800)
419-8495 ext.
202025
cstrohack@descartes.com
Cautionary Statement Regarding Forward-Looking
Statements
This release contains forward-looking information within the
meaning of applicable securities laws ("forward-looking
statements") that relate to Descartes' solution offering and
potential benefits derived therefrom including any potential
efficiency gains or increased compliance effectiveness; and other
matters. Such forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors that may cause
the actual results, performance or achievements to differ
materially from the anticipated results, performance or
achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to, the factors and assumptions discussed in the section
entitled, "Certain Factors That May Affect Future Results" in
documents filed with the Securities and Exchange Commission, the
Ontario Securities Commission and other securities commissions
across Canada including Descartes most recently filed management's
discussion and analysis. If any such risks actually occur, they
could materially adversely affect our business, financial condition
or results of operations. In that case, the trading price of our
common shares could decline, perhaps materially. Readers are
cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Forward-looking
statements are provided for the purposes of providing information
about management's current expectations and plans relating to the
future. Readers are cautioned that such information may not be
appropriate for other purposes. We do not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in our expectations or any change in events, conditions or
circumstances on which any such statement is based, except as
required by law.
Descartes Systems (TSX:DSG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Descartes Systems (TSX:DSG)
Historical Stock Chart
From Apr 2023 to Apr 2024