Web-based Denied Party Screening Software – Top Nine Advantages

It allows for effective screening of customers, consultants, partners, employees, visitors, etc.

Given the peace of mind, the screening of entities should become a necessary practice in all organizations. Despite the challenges lying ahead of their path, when don’t comply, a few companies feel ignorance is the bliss.

In the wake of alerting situations in the middle east and several war-strife areas, countries belonging to different worlds are joining their efforts to stop terrorism of all scales. While the US leads with stringent steps to prevent atrocious acts by carrying out appropriate checks, other countries are also doing impressively.

In the following, we would discuss the advantages of denied party screening & other screening procedures that are intertwined in software programs for the help of exporters and various organizations in need.

1. No need for purchase & installation of software/hardware/IT services. It’s hard not to say that small companies can’t invest their meager profits in these services, which could be expensive & scary. The availability of cloud-based services makes it affordable for small and medium organizations.

2. Updated screening lists. Whether a denied party or restricted party screening, 150+ agencies across government and international entities (countries and agencies) have issued the lists of entities put under sanctions.

3. Single and multiple screening. Those who are enabled with this software can conduct single and batch screening of their trade partners. Such intensity of screening ensures zero time loss and quick action.

4. White lists and exclusions. Some of the software varieties offer this option to create a white list of exceptions and exclusions of certain words/names. This can be used by the end-users for any glitch regarding names/suggestions.

5. List customization. Searching against several lists may just add burden to the procedure, which is why this option allows the end-user to search against only a collection of selected lists. This helps in rendering an optimized performance.

6. Archiving to Reporting. Maximum attention was paid by software developers to create a system that helps in archiving, retaining, and reporting screening records. If businesses can retrieve screening records, it offers various benefits in data collection too.

7. Fully hosted and secured. As if the watch list screening wasn’t already a humongous task that would take days to recover, the security aspect became quite a headache. Fortunately, software vendors offer fully hosted web-based solutions with a secured connection. Hence, entrepreneurs will have fewer things to worry about.

8. Versatile solutions. Most of the enterprises have ERP and CRM systems in their organizations. So, it is not tough to find such software systems that are versatile enough to connect to these systems. It only empowers the overall way of functioning.

9. Compliance software. Given the scale of operations, technical glitches are profound and may delay the core processes. This is the reason why a few reliable software vendors offer business partner compliance software for seamless integration.

Apart from all these, the software vendors also look forward to providing customer support and assistance to their respective clients.

Author Info:-

Linqs Inc writes about the advantages of denied party screening software for small and medium-sized enterprises. From restricted party screening to watch list screening, this software enables a superior set of advantages for the organization or end-user utilizing them for screening trade partners or customers or suppliers.

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