Amber Road, a provider of global trade management solutions, announced that the Acteon Group, a global integrated subsea services provider, has chosen Amber Road to automate and standardize restricted party screening across all of its worldwide branded services.

Until now, the individual Acteon branded services tracked and managed their trading partners independently and mostly manually, but with increasingly tough regulations and sanctions being imposed by multiple authorities around the world, including recent sanctions on Russia that specifically target oil and gas industry-related equipment, the need for a reliable, automated solution to track regulations, evaluate trading partners, and ensure a standardized compliancy process for the entire group became acute.

“We were looking for an auditable restricted party screening solution that could be applied across all of our subsidiaries,” Mike Pay, Acteon Group's head of compliance, said in a statement. “While the primary goal was to improve compliance, we also saw the opportunity to reduce operational costs by replacing manual processes. Amber Road fit the bill.”

Currently, the Acteon Group branded services use various screening methods, ranging from spreadsheet-based systems to a variety of local government systems. Over the coming period, the Amber Road restricted party screening solution will replace these other methods, providing a single platform with standardized processes across the entire group.

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