SAP today announced the availability of Business Partner Screening application at the SAPinsider conference, being held in Singapore.
The application is designed to help companies gauge risk when partnering with other organizations.
“With increased financial, operational and reputational risks associated with business relationships, knowing your partners and who they are in business with is critical,” said David Houlihan, principal analyst of Blue Hill Research.
The SAP Business Partner Screening application is built on the SAP HANA platform. It can perform real-time checks and put a hold on suspicious and harmful transactions to protect the business.
“Screening business partners has become a key focus area for customers and continues to increase in importance as companies expand their business networks and the sources of information on their partners multiply,” said Kevin McCollom, vice president GRC Solutions Management, SAP.
SAP said the application easily adapts to new requirements and enables companies to develop new screening strategies as their business evolves.
In August, the Royal Swaziland Sugar has selected SAP HANA as its platform to pull 23 separate systems together. SAP Business Suite software and rapid deployment solutions has helped RSSC to address farm-to-factory supply chain, payroll, manufacturing processes and resource consumption.