Ennovi achieves efficiency in restricted party screening
Together with AEB, precision manufacturer Ennovi automates its restricted party screening – seamlessly integrated into SAP® and ready for SAP S/4HANA.
At a glance
- Company: ENNOVI HOLDINGS PTE. LTD.
- Industry: High-tech and electronics
- Initial situation: Manual sanctions list checks for more than 50,000 business partners
- Solution: AEB Compliance Screening, seamlessly integrated into SAP ERP: automated screening of new and existing business partners, batch screening of master data, and ad-hoc file checks
- Results: Less time spent, greater accuracy, real-time checks worldwide, and complete logs for audits
Challenge
"The ideal situation is to have standardized ERP and CRM systems, all talking to one another. With an automated compliance screening solution at the core of the system landscape."
Robert Severino, Director for Finance Business Process Optimization, Ennovi
A growing database, manual checks
When Ennovi was acquired by Blackstone, the world’s largest alternative asset manager, it prompted a comprehensive reorganization of the company’s structure, systems, and processes. This intensified the challenge of efficiently managing compliance screening for a continuously expanding database of more than 50,000 supplier, vendor, and customer records in an increasingly dynamic sanctions landscape.
Teams relied on manually cross-referencing sanctions lists for each business partner – a time-consuming and error-prone process. An initial attempt with a basic screening tool failed to meet expectations for accuracy, speed, and cost-effectiveness.
Ennovi’s highly fragmented IT environment amplified the challenges: Disparate ERP and CRM platforms created data silos and a lack of transparency. The company therefore decided to move all ERP systems to a uniform SAP® environment in a multi-phased migration project, aiming to complete the move to SAP S/4HANA by 2027. Concurrently, all CRM applications are transitioning to Microsoft Dynamics 365.
To meet its high trade compliance standards without delay, Ennovi launched the optimization of its sanctions screening in parallel to the migration. "We wanted to reduce manual efforts and optimize restricted party screening before the final ERP and CRM rollouts. So, we needed a screening solution that would easily integrate with all of them," says Robert Severino.
Seamlessly integrated into SAP
Ennovi was looking for a reliable partner with a robust, scalable, and future-proof trade compliance solution. AEB’s Compliance Screening software ticked all the right boxes. The cloud software was seamlessly integrated into Ennovi’s SAP ERP system, enabling automated compliance checks for new and existing business partners.
One central platform for all checks
As a central compliance screening platform, the AEB solution eliminates redundant data entry, minimizes manual work, and enables real-time batch processing of vendor and customer master data. For non-SAP address data, Ennovi’s team runs ad-hoc file checks as needed. The AEB Compliance Monitor provides central access and allows quick decisions on any sanctions list matches.
Sanctions lists as needed
The solution offers flexibility, allowing Ennovi to handpick the sanctions lists it needs – now and in the future. To start, the company selected a range of restricted party lists from the EU, the US, the UK, and the United Nations, ensuring up-to-date regulatory compliance.
Ready for SAP S/4HANA
The solution integrates smoothly into Ennovi’s existing SAP system landscape and its phased IT upgrades, including the transition to SAP S/4HANA and Microsoft Dynamics 365. Its cloud-based design also provides easy access from any location.
Result
Faster, more accurate, audit-ready
The implementation of AEB’s Compliance Screening yielded significant benefits for Ennovi, transforming its compliance processes and paving the way for enhanced compliance management across its global network. Automated compliance checks streamlined workflows, reducing the time required for sanctions screening and improving accuracy.
Employees, once burdened with labor-intensive manual tasks, can now focus on value-adding work, enhancing overall productivity.
The centralized platform provides a "single version of the truth," with all compliance records accessible in one system. This ensures consistency, provides logs for all check results, and simplifies audits. Ennovi can now perform real-time checks for new business partners, maintaining regulatory compliance across its global sites.
Prepared for a dynamic environment
Regular content updates and advanced features, such as defining restrictions for specific locations down to the postal code, prepare Ennovi for the complexities of today’s geopolitical landscape, where territories may be claimed by more than one country and regulations change frequently.
These advancements support Ennovi’s reputation as a leader in trade compliance excellence. The company is also looking into further enhancements with AEB – in restricted party screening, but also for export controls and license management.
Lean implementation, ready for the future
The implementation required minimal configuration and IT resources from Ennovi. AEB’s extensive training and effective project management supported the teams’ quick adoption of the intuitive solution.
"As a very lean organization, optimization of resources is vital for us," says Robert Severino. "Very little configuration was needed – the systems were able to speak with each other, with very few technical set-ups. As and when we are migrating to S/4HANA, AEB’s Compliance Screening is ready for it."
"AEB understood our requirements and had a powerful standard solution that was straightforward to implement."
Robert Severino, Director for Finance Business Process Optimization, Ennovi
Questions and answers about the project
About ENNOVI
Ennovi, established in 1958, is a leading global precision manufacturer specializing in mobility and medical solutions. The company focuses on sustainable innovations, particularly in the electric vehicle sector. Headquartered in Singapore, Ennovi employs over 8,000 people at 14 manufacturing sites and 4 R&D centers worldwide.