PERCEIVE your Russia-Related Risks with SEIA
In today’s ever-changing geopolitical landscape, ensuring compliance with complex international regulations is essential for businesses operating globally. As part of the EU's 14th Russia Sanctions Package, companies exporting or supplying high-priority goods to Russia must implement robust risk assessment processes by December 26, 2024. SEIA’s PERCEIVE - Russia Risk Assessment solution offers a comprehensive and efficient way to fulfil these obligations.
With SEIA PERCEIVE, your company can identify high-priority goods subject to sanctions, detect circumvention risks, and assess your exposure to potential compliance issues. Our platform delivers actionable insights, providing clear, auditable reports while ensuring compliance across your entire organization, including non-EU subsidiaries. Whether you need a one-time static assessment or ongoing real-time analysis, SEIA offers the tools and expertise to help you navigate regulatory challenges with ease.
At SEIA we believe that meaningful compliance is achievable and good for business. Our solution takes a new approach beyond reports, basic data, or traditional risk assessments, that we call Risk Cognition™. This approach creates a tangible process that digitises the perspective of an experienced professional identifying red flags to identify risks and provide data-adjusted risk monitoring in real time.
Key Features
Russia Business Transparency:
Our solution integrates data from multiple sources, providing a comprehensive, real-time view of your Russia-related business activities. By consolidating information from ERP systems, trade management platforms, and more, we deliver complete transparency, ensuring you have a clear understanding of potential risks. With all relevant data at your fingertips, you can proactively manage compliance and confidently address regulatory requirements.
But do we really want to know what is in our data? Learn more on our FAQs
Identification of High-Priority Goods:
We provide comprehensive oversight by identifying all transactions involving critical goods, including those with HS codes subject to Russia-related sanctions. We identify relevant transactions in real time, giving you full visibility into high-risk items. This ensures you can quickly address compliance requirements, prevent unauthorized trade, and stay ahead of evolving regulations, all while reducing manual efforts.
But what if we have bad master data quality? Learn more on our FAQs
Circumvention Detection:
Our Russia Risk Assessment leverages a vast repository of risk indicators to spot circumvention and diversion attempts. This allows companies to gain a comprehensive view of your circumvention risk exposure, ensuring compliance with evolving sanctions and minimizing potential breaches.
But what do we do with the results, won't we be overwhelmed? Learn more on our FAQs
Holistic Oversight of Non-EU Entities:
By integrating all relevant data sources, our solution offers global analytics that provide full oversight of Russia-related activities across non-EU entities. This ensures that your entire organization, including subsidiaries worldwide, adheres to the latest regulations, maintaining compliance on a global scale.
But what if we are switching to S4Hana or making other system changes, should we wait? Learn more on our FAQs
Documentation & Provision of Audit Trail:
SEIA provides a clear, traceable audit trail, making it easy for authorities to review and verify your compliance efforts, ensuring transparency and accountability at every stage.
Sample Customer:
"With SEIA PERCEIVE this risk assessment can be done within a few clicks and the tool will offer much much more."
