CTDI Reduces Corporate Risk with Management Dynamics` RPS On-Demand Solution

Thu Nov 5, 2009 9:00am EST
 
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Technology Services Company Improves Trade Compliance with Comprehensive
Screening of Restricted Parties
EAST RUTHERFORD, N.J.--(Business Wire)--
Management Dynamics, a leading provider of Global Trade Management (GTM)
solutions, today announced that Communications Test Design, Inc (CTDI), a full
service global engineering, repair and logistics company, implemented its RPS
On-Demand solution, an advanced risk management solution that screens
individuals and businesses to identify prohibited transactions based upon over
90 restricted party lists. Since automating restricted party screening, CTDI has
significantly reduced corporate risk and improved compliance with global trade
and security regulations while minimizing time and resources required for
screening. 

Providing repair and logistics services for major Telecom and Cable service
providers and OEMs, CTDI also provides the service of screening shipments for
many of its customers. CTDI needed to streamline its screening process across
multiple order management systems and 25 locations. The company selected
Management Dynamics` RPS On-Demand solution for its functionality, ease of use,
and ability to centralize its compliance with multi-org and team-based workflow
to enable its global branches to easily manage their own customer shipments. 

"We needed to prevent any illegal transactions with restricted entities or trade
parties and avoid potential fines and penalties for CTDI and its telecom
customers. We had previously relied on a fragmented, incomplete process," said
Greg Pugh, Global Compliance Manager, CTDI. "Management Dynamics provided the
best value and came highly recommended by many authorities in the trade
industry. It was also very important that the screening did not create a
cumbersome distraction during high volume shipping processes. Since using the
RPS On-Demand solution, we have significantly reduced our corporate risk,
liability and exposure to prohibited transactions." 

Available on a flexible, on-demand architecture, Management Dynamics` RPS
On-Demand solution addressed CTDI`s needs with a secure, comprehensive method to
automate screening of its customers, vendors, and other trading partners against
all restricted party lists from governmental institutions worldwide. With
improved screening algorithms based on computational linguistics, RPS On-Demand
delivers at least a 30 percent improvement in screening accuracy with a 70
percent reduction in false positives over traditional methods. The Web-based
solution integrates with any enterprise system and can be quickly and
cost-effectively implemented. 

"Today, exporters are held to a higher level of accountability to meet
government mandates than ever before," said Jim Preuninger, CEO of Management
Dynamics. "CTDI uses our RPS On-Demand solution to centralize and streamline its
compliance process to improve productivity and effectively manage supply chain
risk." 

About CTDI

A premier Telecommunications service company headquartered in West Chester, PA.,
CTDI has provided groundbreaking maintenance and product service solutions to
the global telecommunications industry since 1975. Today, CTDI offers the most
comprehensive Service Portfolio in the industry that includes: Wireline Repair &
Logistics, Wireless Repair & Logistics, Engineering and Installation services,
Global Supply Chain solutions and Product Engineering and Manufacturing. Today,
CTDI services Original Equipment Manufacturers (OEM) and Carriers with 42
international strategic repair and logistics locations supported by an
experienced team of over 4,500 telecommunications professionals. For more
information, visit www.ctdi.com. 

About Management Dynamics, Inc.

Management Dynamics is a leading provider of global trade management solutions
that improve the performance of global supply chains for importers, exporters,
logistics service providers, and carriers. The company's solutions synchronize
the flow of information among trading partners, optimize supply chain execution
decisions, and streamline import and export processes to ensure regulatory
compliance and minimize cost and risk involved in cross-border transactions.
Management Dynamics` time-proven solutions are used by more than 13,000 global
users at some of the world's most successful 3PLs, carriers, manufacturers,
retailers, and high technology companies. For more information, please visit
www.ManagementDynamics.com or call (201) 935-8588.

Management Dynamics, Inc.
Kathleen Hickey, 202-607-7553
KathleenHickey@ManagementDynamics.com
or
Annika Helmrich, 201-623-9471
AnnikaHelmrich@ManagementDynamics.com



Copyright Business Wire 2009

 

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