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OCR
Services, Inc. Announces Launch of
Denied Party Screening Solution
– DPSS 2004 for SAP R/3
Rockville,
MD, December 10, 2003 – OCR Services, Inc. has announced the
latest release of their industry standard Denied Party Screening
System (DPSS) solution for use with SAP R/3 Version 4.0x, 4.5x,
4.6x and 4.7x.
This
is a major enhancement over the previous versions. It provides
more robust capabilities in the areas of audit trail tracking and
reporting; reporting of “red-flags” and their disposition;
enhancements to the ‘Soundex’ based fuzzy logic; performance
and conformance with the Export Management System guidelines
published by Bureau of Industry and Security for record keeping.
The DPSS for SAP
solution helps companies comply with U.S. Government regulations
banning commerce with “denied parties”.
Denied, or “restricted’, parties are entities with
which the government explicitly prohibits transactions.
Across the various governmental agencies, there are tens of
thousands of individuals, organizations, countries, vessels,
property, etc. that have been restricted.
Penalties for executing transactions with these parties or
related businesses have recently been increased through passage of
the USA PATRIOT Act.
The DPSS for SAP
product is natively integrated with the R/3 system through RFC
calls to an OCR DPSS server running on a separate machine.
The solution uses native SAP technology and can be
operational in the test environment within few weeks.
The list of denied parties is automatically updated via a
live link to OCR’s facilities on a daily basis.
About OCR
Services, Inc.
Headquartered
outside of Washington, D.C., OCR Services, Inc. is the
best-in-breed provider of global trade information solutions to
commercial and governmental organizations.
A widely recognized authority on international trade, OCR
develops software and publishes content that facilitates
international trade processes, reduces the risks inherent in
cross-border transactions, and keeps clients informed regarding
the ever-changing regulatory environment.
OCR’s mission has always been to create value by
simplifying the complex nature of international commerce.
Copyright © 2002
OCR Services, Inc.
SAP and all other
SAP products and services mentioned herein are trademarks or
registered trademarks of SAP AG.
For more
information regarding OCR Services, Inc., please visit http://www.ocr-inc.com
or call 1-888 858 2224.
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