FAQs
Welcome to our FAQs section! We understand that venturing into new territory in any industry can spark curiosity and at SEIA, we take pride in pioneering innovative solutions that redefine industry norms and best practices. As trailblazers, we recognize the importance of addressing your queries to ensure a seamless and informed experience. This section is designed to shed light on common questions, debunk misconceptions, and provide you with the clarity you need to embark on this exciting journey with us.
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If you have further questions, please feel free to contact us:
1
How do you ensure Data Privacy/Data Security?
We take the data privacy and data security standards of our customers extremely seriously, which is why our solution is designed so that your confidential data never leaves the company. By working with your already approved and integrated IT infrastructure, our solution meets the same standards held by the company itself to ensure both regulatory compliance and ensure that sensitive information stays with the customer.
2
What if I have bad master data quality?
At SEIA, we recognise that bad master data quality is a challenge for many companies, yet this is the data that trade compliance relies on. We view data quality as a risk that should be evaluated in context, and meet your your systems where they are at. Therefore, bad master data quality is not a hinderance to implementing our solution, but rather a motivating factor to use a system like SEIA. We want you get the most risk insights possible, while helping to prioritise improvement measures based on risk exposure.
Embracing the reality of imperfect data, we empower businesses to make informed decisions, navigate export controls and sanctions regulations with confidence, and work towards enhancing data quality over time, all while safeguarding the integrity of their international trade operations.
3
Do I really want to see the red flags in my data? Once I know, I know....
In trade compliance it is crucial for companies to recognize their liability concerning the data they already possess. Even if a trade compliance professional might not be fully aware of potential red flags, it does not mean those red flags do not exist within the data.
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In fact, significant indicators of compliance red flags may already be present in the company's data, and it is incumbent upon the organization to identify and address them proactively. Therefore, if a company already has the data then it already knows.
By leveraging our data analytics solution for trade compliance, companies can gain comprehensive insights, uncover hidden patterns, and identify potential risks within their data.
Embracing this proactive approach empowers companies to stay ahead of compliance challenges, mitigate risks, and demonstrate a commitment to upholding international trade regulations. ​
4
We are transitioning to S4 HANA, should we wait until we have the new system?
Waiting for an S4 HANA transition to implement our data analytics solution for trade compliance may not be the most advantageous approach for a company aiming to enhance its export controls and sanctions compliance efforts. Our data analytics service offers numerous benefits that can be leveraged in the current environment, allowing the company to proactively address potential trade compliance risks and issues. By implementing our solution beforehand, we can thoroughly assess the existing trade data landscape, identify areas that require improvement, and support the identification of process errors, all while ensuring that bad data and compliance challenges are not transferred to the new system. Our trade compliance expertise empowers businesses to gain valuable insights, make data-driven decisions, and prioritize risk mitigation measures, paving the way for a smoother and more successful transition to S4 HANA.
