Givaudan Automates Compliance with Descartes' Denied Party Screening Solution

Core Insights - Descartes Systems Group has partnered with Givaudan to implement a denied party screening solution that automates compliance with international trade regulations, enhancing Givaudan's global compliance framework and operational efficiency [1][2][4] Company Overview - Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing, employing over 16,900 people and achieving CHF 7.4 billion in sales with a free cash flow of 15.6% in 2024 [5] - Descartes is a leader in providing software-as-a-service solutions for logistics-intensive businesses, focusing on improving productivity, performance, and security [6] Compliance and Risk Management - Givaudan's previous manual compliance checks were time-consuming and error-prone, posing regulatory and reputational risks; the new automated solution allows for real-time screening against denied and sanctioned party lists [2][3] - The Descartes solution includes comprehensive watch list and regulatory content from various regions, helping companies navigate foreign trade compliance and mitigate business risks [3][4] Operational Efficiency - The collaboration allows Givaudan to reduce manual screening workloads and focus compliance resources on strategic business operations, thereby improving overall operational efficiency [2][4]