Executive Briefings

Metso Launches Comprehensive Restricted Party Screening Program Using Amber Roads' Export On-Demand Solution

Amber Road, a leading provider of global trade management solutions, announced that Metso's Automation business line, a Finnish company, implemented its Restricted Party Screening (RPS) program powered by Amber Roads' Export On-Demand solution. The solution automates the process for all of its worldwide operations, spanning 200,000 trading partners, and dramatically lowered Metso Automation's false positive hit rates from 20 percent to levels as low as 0.5 percent. False positives are partner matches which, upon further user review, are determined to not be actual denied parties.  Minimizing these is a key requirement with a large number of entities. The RPS module enables Metso to automatically check against 175 restricted party screening lists from around the world.

Metso's Automation business line specializes in process industry flow control solutions, automation and information management application networks and systems as well as life cycle performance services. Its main customers are energy, power and oil and gas industries as well as the pulp and paper industry.

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Amber Road, a leading provider of global trade management solutions, announced that Metso's Automation business line, a Finnish company, implemented its Restricted Party Screening (RPS) program powered by Amber Roads' Export On-Demand solution. The solution automates the process for all of its worldwide operations, spanning 200,000 trading partners, and dramatically lowered Metso Automation's false positive hit rates from 20 percent to levels as low as 0.5 percent. False positives are partner matches which, upon further user review, are determined to not be actual denied parties.  Minimizing these is a key requirement with a large number of entities. The RPS module enables Metso to automatically check against 175 restricted party screening lists from around the world.

Metso's Automation business line specializes in process industry flow control solutions, automation and information management application networks and systems as well as life cycle performance services. Its main customers are energy, power and oil and gas industries as well as the pulp and paper industry.

Read full article.