9 Noteworthy Advantages Of Choosing Customer Screening Software

Troubled at your place to comply with the international, national, federal, and local trade laws? Jammed minds would often cause irregularities that aren’t healthy enough for the export business, isn’t it? Besides, flouting of norms could push you away in the corner where penalization is quite guaranteed.

Apparently, you would find ways to prevent any non-compliance and what’s more amazing than customer screening software for your help? Of course, you can benefit in large and streamline the processes in the office. But, you should seriously take note of the following advantages.

1. Cloud-based solutions. Finer, just as it feels. Small exporters can do away from investments in software, hardware, and IT installations due to the availability of cloud-based solutions. Notably, this had been a major reason why several businesses didn’t want to implement customer screening process.

2. 200+ denied and restricted party lists. More than 200 governmental and international agencies have issued their respective denied and restricted party lists. These lists are incorporated in the web-based software and updated on a regular basis.

3. Single and batch screening of trade partners. Whether it’s about AML screening or PEP screening, this functionality minimizes the extensive search processes into a small one, thereby reducing the amount of time spent on searches. Quite a magnificent one.

4. Customizing of lists. Want to exclude certain names or words? Prepare your own white list of traders or partners that you don’t wish to get checked again and again. Basically, these should be the trusted partners with whom you had an honest business rapport for years.

5. Secure connection for screening. If you are doubtful about any data leaks from your system, you should check for the highest secure connection standards. Several service providers ensure a secure connection for fully hosted web solutions to the customers.

6. Compatibility. In a close coordination between two software solutions, your way to achieve ultimate goals is for sure. In a surefire way, this software would allow you to connect the CRM and ERP systems in your office through the API or Application Programming Interface. Thus, a compatible solution for you.

7. Multiple actions on screening records. Just like the email account gives you an option to archive an email, the customer screening software lets you archive the screening records. That’s not it as you can retain those records and report them if you need to do. Therefore, it allows a set of actions for screening records.

8. Dynamic screening of entities. We know how you must have been busying yourself throughout the projects and tasks in the office, but it’s also vital to keep a tab on the proceedings of screening. With the help of this software, automatic and dynamic screening of entities is possible.

9. Brand reputation. It will be counted as one of the major positives for you. As a brand, your reputation influences the decisions of your customers, clients, partners, and others. Using this software will help your business follow total compliance with the export regulations while maintaining a good reputation.

The exporters can incorporate KYC screening just like banks or financial institutions to remove any obstacles at a later point in time.

Author Info:-

Linqs Inc writes about the advantages of using customer screening software. In particular, he highlights the importance of cloud-based solutions for small businesses. Apparently, the AML screening would come under the array of services provided by the service companies. He suggests the addition of KYC Screening will play a prominent role in verifying the credentials of a trade partner or party.

Linqs software helps you with an accurate KYC screening of customers or trading partners before entering a deal with them.