Krypt is hosting Krypt Ascend: Live Supply Chain & Global Trade Digital Event on October 28th & 29th, 2020 and heartily extends an invitation to you all to actively participate across regions – 11 am EST | 8 am PST | 4 pm CEST.
Authored by: Vijendra Kargudri The Pandemic The America/Australia, Britain/Brasil, and China (ABC) were in global news for various reasons, from tariff/trade wars, forest/bush fires, to Brexit. Just when the Chinese were off to celebrate their Lunar New Year and Britain got busy with Brexit, the world got a rude shock. Within few days of its first … Continue reading “Coronavirus and its impact on Global Supply Chain & Logistics”
Sanctions and Trade compliance awareness has increased a great deal in the last decade, as enforcement and changing global conditions have led to increased public awareness. It is not as common anymore to find organisations with international exposure, who don’t have some form of Sanctioned Party Screening system or process in place. Unfortunately, that may … Continue reading “The Importance of a Healthy SPL System”
Krypt, Inc. is pleased to announce its consulting services to empower and foster greater participation of SMBs in the Global Value Chains (GVC) Investment in Supply Chain management tools provide organizations with a competitive edge, allowing them to streamline processes and cut costs, but these investment opportunities are only accessible to those who can afford … Continue reading “Krypt Announces New Business Consulting Services – Official Press Release”
Regardless of the size or location of your business, or what products you sell, if you are exporting your products, then the they should be correctly classified. But what is even more critical is the necessity to screen all the parties for each of your transaction that you export to. The list of sanctioned/denied/restricted party … Continue reading “SPL Screening best practices: never too little or too late”
Sanctioned Party List Screening with SAP HANA Search In a previous blog we discussed Sanctioned Party List screening with HANA Search and gave a configuration overview. In this blog we’d like to delve into more details and examples of how SPL with SAP HANA Search can be applied in real world scenarios. Comparison of SPL Screening … Continue reading “Sanctioned Party List Screening with SAP HANA Search”
Amongst all the improvements in SAP GTS 11.0, Sanction Party List (SPL) might be the most affected existing functionality within SAP GTS. SAP HANA’s in-memory functionality means that key processes are experiencing improved performance – SPL search algorithm being a prime example. Below is an example of Sanction Party List Screening in SAP GTS 10 … Continue reading “Setting up SPL Screening with SAP HANA Search”
Sanctioned Party List (SPL) Screening is an extremely powerful functionality of SAP Global Trade Services (GTS). Before addressing best practices, below is a quick summary of the GTS SPL Engine capabilities: GTS deploys a screening algorithm and a TREX fuzzy logic search engine to evaluate partner addresses comparisons to denied parties GTS allows users to screen business … Continue reading “SPL Screening in GTS Best Practices”
