WATERLOO, Ontario, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Emerald Performance Materials, a producer of specialty chemicals for food and industrial applications, is using the Descartes MK Dynamic Screening™ solution to proactively screen global customers and trading partners to reduce the risk of conducting business with parties who may be subject to trade restrictions.
"We've used Descartes' on-demand system to manually screen customer data for years. However, it's becoming an industry best practice to screen the full range of participants in a company's business to help comply with global trade restrictions," said Peter J. Miller, Global Trade Compliance Manager at Emerald. "As updates are made to denied parties lists, Descartes' dynamic screening solution gives us more robust capabilities to monitor suppliers, logistics providers and employees in addition to customers. The automation enabled by the system saves us an enormous amount of time, and helps us to better mitigate risk by centralizing and standardizing compliance practices across our operations in the U.S., the Netherlands and the U.K."
Government agencies and international organizations regulating global trade maintain a variety of lists of people, organizations and countries with whom conducting business is restricted or prohibited. In addition to the potential for reputational damage, penalties for non-compliance can include fines, revocation of export privileges and criminal charges. With Descartes MK Denied Party Screening™ solutions, companies of all sizes can easily and efficiently screen against a comprehensive international database of denied and restricted parties. Customers can tailor their screening processes to fit their unique risk parameters, flag potential compliance issues for resolution, and integrate denied party screening with other internal systems for global trade and enterprise management.
"We're pleased to play an ongoing role in Emerald's compliance practice by helping them efficiently monitor the trade status of their customers and trading partners worldwide," said Ken Harris, Head of Denied Party Screening at Descartes Systems Group. "Descartes' industry-leading denied party screening solutions provide manufacturers, distributors, retailers, logistics services providers, banks and technology companies with the critical capabilities to help identify and avoid conducting business with government sanctioned parties around the globe."
About Emerald Performance Materials
Emerald Performance Materials, LLC produces and markets technologically advanced specialty chemicals for a broad range of food and industrial applications. Its products play a variety of roles in the products that are consumed and used every day, enabling them to last longer, look, smell, taste or perform better. Emerald products are used in aerospace, food, beverages, cosmetics, toothpaste, household products, paint, tires, automobiles, sports gear and many other applications. Headquartered in Cuyahoga Falls, Ohio, Emerald has nine operations and more than 800 employees. For more information, visit www.emeraldmaterials.com.
About Descartes Systems Group
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Global Media Contact Mavi Silveira Tel: +1(800) 419-8495 ext. 202416 [email protected]