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Amber Road has released version 5.0 of its RPS On-Demand software, a risk-management system for global trade management and compliance. The tool screens individuals and businesses to identify prohibited transactions, based on more than 90 restricted-party lists. The latest release draws on computational linguistics and team-based workflow to provide a higher level of screening accuracy, the vendor said. It supports multiple organizations and roles. The software identifies hits based on various configurations, including country, division or the aging of a potential hit. Issues can be escalated and relayed to managers for resolution. RPS On-Demand 5.0 integrates with a wide variety of restricted-party lists, which are monitored and updated daily. All changes to subscribed lists are re-screened against trade party data. The system is contained within a hosted, Web-based application, which can be quickly implemented, typically in less than a month, according to Amber Road.
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