Management Dynamics, Inc., a leading provider of global
trade management solutions, today announced that its hosted Sanctioned
Party Screening Service has been implemented by INFICON, a leading
developer, manufacturer and supplier of advanced instrumentation,
across the company's worldwide import and export operations. The
solution enables INFICON to screen all trading partners against
various governmental lists to help avoid illegal trading activity with
sanctioned or restricted parties.
INFICON places a high priority on ensuring compliance with
rigorous US and European export regulations. Due to heightened
international security concerns, more stringent regulations have been
in force since 2004, and the task of manually screening names and
addresses of all trading partners, both individuals and companies as
required, became unsustainable for the company.
Management Dynamics' Sanctioned Party Screening solution automates
the screening process and enables INFICON to access the up-to-date
information necessary to comply with increased security initiatives
and frequent changes to all restricted party lists issued by the
European Union, the United States and other international government
agencies. Active trading partners, maintained in the Sanctioned Party
Screening system, are dynamically screened against any changes to the
combined Sanctioned Party List, so that the INFICON customer database
is always validated against the latest government requirements.
"We selected Management Dynamics to assist us in keeping in full
compliance with best international trade practices," commented Lukas
Winkler, President and CEO, INFICON. "By interfacing with our existing
ERP system, Management Dynamics has allowed us to fully automate this
time-consuming manual task, which has improved the efficiency of our
global operations for export control. They offered a fast
implementation without any hardware or software ownership costs, as
well as complete coverage of all sanctioned party lists worldwide."
Management Dynamics' Sanctioned Party Screening service supports
key objectives of INFICON's export control program including:
-- Comprehensive, in-depth, up-to-date trade content that covers
all sanctioned party lists and integrates seamlessly with
INFICON's core ERP system, providing a robust, reliable
technology architecture for the entire company going forward
-- Fully automated process that centralizes INFICON's global
address list of over 20,000 customers, suppliers and trading
partners from multiple countries in a secure online database,
improving internal efficiency and reducing the risk of errors,
fines or penalties
-- On-demand delivery model with no additional hardware or
software investment costs that can scale to meet INFICON's
growing list of trading partners
"Screening for denied parties is essential in order to maintain
compliance with the increasingly rigorous security and trade
regulations. By integrating our global trade content with their export
operations, INFICON will be able to do just that," said Jim
Preuninger, CEO of Management Dynamics. "INFICON's decision to deploy
Management Dynamics' hosted Sanctioned Party Screening Service across
mission critical business units is a validation of our depth in
content, scalable technology, and ability to fully support any global
operation."
Delivered as an on-demand information service via the Internet,
the INFICON system has been live since January 2006 and is currently
used by approximately 100 sales and compliance personnel in European
and US business units.
About INFICON
INFICON is a leading developer, manufacturer and supplier of
innovative instrumentation, critical sensor technologies, and advanced
process control software for the semiconductor and vacuum-coating
industries and other industrial applications. These analysis,
measurement and control products are vital to original equipment
manufacturers (OEMs) and end-users in the complex manufacturing of
semiconductors, flat panel displays, magnetic and optical storage
media and precision optics. INFICON also provides essential
instrumentation for gas leak detection to the air
conditioning/refrigeration industries and toxic chemical analysis for
the emergency response and security markets. With executive offices in
Syracuse, New York, INFICON has world-class manufacturing facilities
in the United States and Europe and subsidiaries in the U.S., China,
France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland,
Taiwan, and the United Kingdom. INFICON registered shares (IFCN) are
listed on the SWX Swiss Stock Exchange. For more information about
INFICON and its products, please visit www.inficon.com.
About Management Dynamics, Inc.
Management Dynamics is a leading provider of global trade
management solutions that improve the performance of global supply
chains for importers, exporters, logistics service providers, portals
and carriers. The company's solutions synchronize the flow of
information among trading partners, optimize supply chain execution
decisions, and streamline import and export processes to ensure
regulatory compliance and minimize cost and risk involved in
cross-border transactions. Management Dynamics' time-proven solutions
are used by more than 13,000 global users at some of the world's most
successful 3PLs, carriers, manufacturers, retailers, and high
technology companies. For more information, please visit
www.ManagementDynamics.com or call +44 (0)1932 445220.
Management Dynamics, Inc. and Rate Explorer are registered
trademarks of Management Dynamics, Inc. All other marks are the
property of their respective holders.
