Azelis Chooses Amber Road Solution to Help Ensure Compliance with Export Restrictions in Increasingly Regulated Environment
2014年6月3日 - 9:00PM
ビジネスワイヤ(英語)
Amber Road (NYSE: AMBR), a leading provider of global trade
management solutions (GTM), today announced that Azelis, a top
global specialty chemicals distributor, has signed a worldwide
contract with Amber Road for an automated restricted party
screening solution.
After a decade of rapid international growth, Azelis today
combines more than 37 specialist distribution companies in a single
organization serving the worldwide life sciences and industrial
markets. It conducts around 430,000 export transactions annually
with more than 50,000 trading partners around the world. The
management complexity created by the sheer volume of trade
transactions is exacerbated by the increasingly tough regulatory
environment governing international trade.
As a group active with companies throughout Europe, Asia,
Australia and Canada, Azelis must take special care not to ship
products to any entities present on restricted party lists
maintained by countries that host its network companies. In
addition, due to contractual requirements from some of Azelis’
United States-based suppliers, Azelis also must comply with
restricted party lists in the US and with embargoes imposed by the
US Government. Without a comprehensive and automated system,
tracking fast-changing regulations on a global basis and
continually evaluating existing and new trading partners is
extremely difficult.
Realizing it needed to prevent illegal transactions and protect
itself from potential fines, penalties and sanctions, Azelis sought
an automated screening solution that would also reduce operational
costs by eliminating time-intensive manual screening processes. In
searching for the right solution, Azelis emphasized high accuracy
and a low rate of false positives as key requirements.
Ultimately, Azelis chose the Amber Road restricted party
screening solution, in large part because of its deep trade
content, ease of use and comprehensive functionality.
“Amber Road’s ISO 9001 process for updating trade content within
48 hours gives us vital confidence that we will remain compliant
even in the face of changing regulations,” said Gerrit De Vos,
Chief Compliance Officer at Azelis. “We were also impressed by how
easy it is to use the solution and yet at the same time its
automated screening of transactions is comprehensive and
powerful.”
The proven ability to reduce false positives to consistently
less than 0.5% and strong references in other BENELUX-headquartered
global companies were additional factors in Amber Road’s favor.
In its need for comprehensive restricted party screening,
Azelis’ situation reflects that of virtually any company involved
in international trade. Recent developments, such as the sanctions
and restrictions on Russia as a result of the Ukraine crisis and
the more than $10 billion in fines expected to be imposed on French
bank BNP Paribas related to breaches of US sanctions on Iran and
other countries1, bring the need into even sharper focus.
Amber Road CEO Jim Preuninger said, “Azelis’ decision to ramp-up
its compliance is very timely. With headlines touching on Russia,
Syria, Iran and other markets, and increasing regulation, trade
compliance is top of mind for many companies.”
Amber Road’s solution is to be integrated with Azelis’ ERP
system, with a planned rollout to 33 countries in stages starting
with an Azelis entity in Belgium.
About Azelis
Azelis is a leading global distributor of speciality raw
materials, representing first-class manufacturers across Life
Sciences and Industrial applications. Our activities are built on
decades of experience. Founded in 2001, the company has grown by
bringing together more than 37 successful companies, many with a
history going back over 100 years. We employ more than 1,100 people
with offices across Europe, Asia Pacific and Canada. Around 70 per
cent of our employees are in customer-facing roles.
Our business is industry-focused and organised around
International Business Areas. Life Sciences includes: Personal
Care, Pharma, Food & Health and Animal Nutrition. Industrial
covers: Chemical Industries, Coatings and Rubber & Plastic
Additives.
In each of our chosen specialised market sectors we provide
high-quality support and service for our customers and principals
at an international, regional and local level. We have an
industry-dedicated sales organisation and our teams have specialist
product and application expertise, which combined with our business
know-how, enables us to add value in all of our business
relationships.
About Amber Road
Amber Road’s (NYSE: AMBR) mission is to dramatically change the
way companies conduct global trade. As a leading provider of cloud
based global trade management (GTM) solutions, we automate import
and export processes to enable goods to flow across international
borders in the most efficient, compliant and profitable way. Our
solution combines enterprise-class software, trade content sourced
from government agencies and transportation providers in 139
countries, and a global supply chain network connecting our
customers with their trading partners, including suppliers, freight
forwarders, customs brokers and transportation carriers. We deliver
our GTM solution using a Software-as-a-Service (SaaS) model and
leverage a highly flexible technology framework to quickly and
efficiently meet our customers’ unique requirements around the
world.
For more information, please visit www.AmberRoad.com, email
Solutions@AmberRoad.com or call 201-935-8588.
1 WSJ May 29 online.wsj.com
Media ContactKathleen Hickey+1 202 607
7553KathleenHickey@AmberRoad.comorAmber Road ContactsAnnika
Helmrich (US & Canada)+1 201 806
3656AnnikaHelmrich@AmberRoad.comorMartijn van Gils (Europe &
Asia)31 (0) 207997790MartijnvanGils@AmberRoad.com
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