Risk & Compliance

The political environment is constantly changing, and so are the government-issued sanction lists. Ensuring full, global trade compliance is hard and late discovery can result in supply chain disruptions or harsh penalties.

Using the consolidated information of specialized providers, Data Quality Manager regularly verifies your business partners and alerts you promptly regarding potential violations. It provides details on sanctioned products and services, timeframes, and issuing countries to simplify your decision-making.

VAT-free, cross-border transactions within the EU require the verification of the customers' VAT-IDs. Failure to do so can lead to unnecessary tax payments and even penalties. Conducting verifications manually is error-prone and time-consuming. 

Using interfaces to the responsible tax authorities, Data Quality Navigator regularly verifies your customers' VAT IDs and alerts you in case of invalidity or incorrectness.

In data-driven business processes, it is often unclear whether data is allowed to be shared. Unintentionally violating privacy and confidentiality policies is a concern.

Data Quality Navigator's AI-based analytics algorithms identify confidential as well as personal information. If required, it is automatically masked to enable compliant data exchange.

Common ERP systems allow conflicting permission configurations which potentially violate compliance requirements. For example, undetected violations of the segregation of duties principle could result in fraudulent payment processing.

Data Quality Navigator's comprehensive repository of validation rules identifies abusable authorizations to ensure process compliance.