Published:
CTDI Reduces Corporate Risk with Management Dynamics' RPS On-Demand Solution
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
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