Descartes Systems Group has announced that Givaudan will be using Descartes’ denied party screening solution to automate compliance with international trade regulations and mitigate risk through real-time screening of its business partners against denied and sanctioned party lists.
With operations in more than 163 locations in 52 countries, the Descartes solution has helped Givaudan to enhance its global compliance framework, improve operational efficiency and strengthen its commitment to ethical business practices.
“Givaudan has compliance woven into our DNA."
"Adhering to regulations not only safeguards our business but also reinforces our ethical commitment,” said Paola Sesana, Group Head of Tax and Trade Affairs at Givaudan.
“By collaborating with Descartes and implementing its comprehensive screening solution, we’ve gained the ability to automate partner screening in real-time, reduce manual screening workloads and proactively mitigate compliance risks in a complex and fast-evolving global trade environment.”
Before implementing the Descartes solution, Givaudan relied on manual compliance checks that were time-consuming, error-prone and relied on static or outdated databases.
This posed potential regulatory and reputational risks.
Using Descartes’ solution, Givaudan now automatically screens all business partners against daily changes made to denied and sanctioned party lists, freeing up valuable productive time for compliance resources to focus on strategic business operations.
Descartes’ cloud-based denied and restricted party screening solution includes comprehensive watch lists and regulatory content from the EU, APAC, EMEA and North America.
The solution helps companies of all sizes in diverse industries, such as retail, aerospace, manufacturing, education and defence, better navigate the complex world of foreign trade compliance by streamlining workflows, mitigating business risk and enhancing overall compliance.
With real-time updates on sanctioned entities, the solution helps organisations reduce the risk of violations and respond quickly to regulatory changes.
“Our collaboration with Givaudan demonstrates how automated compliance tools can empower global organisations to act with greater supply chain agility, transparency and integrity,” said Shahab Wahdatehagh, VP Global Trade Intelligence EMEP/AP.
“In today’s complex trade environment, our denied and restricted party screening solutions help businesses such as Givaudan stay ahead of evolving regulations while maintaining operational focus and resilience.”