Bad data quality is often seen as hinderance to using trade tools. We hear the adage "Garbage in-Garbage out", but when evaluating compliance Risk Exposure for the company, the bad data is often the risk that needs to be captured.
Trade Compliance Relies on Data
Trade Compliance teams rely on the data that exists within the company's systems every day to make serious decisions related to customs classification, export controls licensing, sanctions screening, and tax declaration, among many others.
Therefore, bad data is already having a significant impact on the operations of the company and that impact needs to be captured and assessed in the context of subject matter risk.
So we should be asking:
"What kind of garbage do I have?"
"Where is my garbage data?"
"What garbage data is going to light on fire and burn down my compliance efforts?"
Not all bad data is equally bad
Master data clean-up projects often take years of tedious work, as they lack prioritisation and the format of results is difficult to work with. We can all agree that not all bad data will have the same impact on the risk exposure of the company. An incorrect classification on a product that has not been operationally live in years should not be the same level of priority as an incorrect classification on a current shipment going to a critical country.
Meet SEIA PERCEIVE: Your fast-track to prioritised master data clean-up.
Leverage our strategic insights in core root cause issues to target specific master data issues, such as individual materials, customs codes, business partner information fields, or classifications enabling you to take a risk-based approach to data clean-up.
Our holistic approach to data integration gives wide oversight and indications of critical data issues from across the organization.
We take data from interesting to informative, with clear interpretation and contextualisation based on subject matter understanding and expertise.
Our red flag approach helps identify master data issues not just for their own sake, but for their direct impact on compliance risks.
Automated root causes analysis allows for targeted and actionable groupings of issues driving your risks.
Integrated workflow and issue management helps you easily assign tasks and direct the data improvement measures, while keeping track of progress.
Have the biggest impact on Risk Exposure with the least amount of effort
Reach out today to learn how SEIA PERCEIVE can support you in finally tackling master data quality, risk-based.
SEIA is what we needed
VP Export Controls - DHL
I [was] fed up with looking at the same slides and templates. All they do is tell me what is currently happening. Where are trends, proactive risks, or anomalies?
Head of Export Controls & Customs - Siemens Healthineers
If we, for example, deliver dual use goods to a business partner in Turkey who is not the end customer, then I want to know it. And I want to know it in real-time.
Former EMEA Export Controls Leader- Adient
I want to see the risks that don't appear in my GTM system, what about the person that says "let's just call it something else" to avoid compliance. I want to see those risks.