SAP Business Partner Screening is a powerful solution designed to help organizations manage risk and ensure compliance by thoroughly screening business partners, including customers, suppliers, and other third parties.
In this article, we delve into the functionalities of SAP Business Partner Screening, its integration with other SAP systems, and how it helps businesses make informed, compliant decisions when engaging with external parties.
What is SAP Business Partner Screening?
The SAP Business Partner Screening tool leverages advanced process automation functionality to assess and verify partner information against global watchlists and regulatory requirements, further reducing the risk of fraud, sanctions violations, and reputational damage.
Business Partner Screening functionality is part of SAP Assurance and Compliance software. It enables organizations to screen business partners against lists of people and organizations published by institutions and governments worldwide. The software provides enterprise-wide compliance capabilities and a centralized analytics engine to ensure alignment with key regulations and maximize the overall IT footprint.
Key Capabilities and Use Cases
SAP Business Partner Screening enables users to screen the names and addresses of all business partners against a list of sanctioned parties to ensure compliance and proactively identify, address, and resolve suspicious transactions. Business Partner (BP) screening is conducted for relevant business partners, including all partners assigned an Activated for Screening role. It allows users to:
- Align business processes with critical guidelines, regulations, and legislation
- Detect anomalous transactions early enough to resolve them and maintain business integrity
- Increase flexibility by leveraging any address screening list of people and organizations given by any provider
- Accelerate workflow-driven processes for possible matching address screening hits
- Execute high-performance screening for time- and volume-intensive B2C processes through the SAP HANA platform
- Avoid false positives related to a weak alias during delta address screening
- Improve process and cost efficiency by only screening changes to address screening lists with delta address screening
- Easily close non-matching address screening hits directly in the BP Screening platform
Critical Integration Scenarios
The SAP Business Partner Screening application provides the following integration scenarios:
- Leverage application programming interfaces (APIs) to connect the BP Screening solution with existing business processes, whether they’re executed in SAP or non-SAP products
- Facilitate end-to-end business processes that connect the BP Screening platform with the SAP Master Data Governance platform
How Can We Help?
Whether you need help assessing your current SAP Business Integrity Screening setup to identify key areas of improvement, utilizing core connectors and web services for efficient system integrations, or streamlining data management across your entire SAP landscape, Surety Systems can help.
Our senior-level, US-based SAP consultants have the skills and experience to understand your critical project needs and empower your internal teams to drive continuous growth and improvement.
Contact Us
For more information about our SAP consulting services or to get started on a project with our team of expert consultants, contact us today.
