Givaudan adopts Descartes denied party screening solution
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Givaudan has implemented Descartes Systems Group's (NASDAQ: DSGX) denied party screening solution to automate compliance with international trade regulations, the companies announced.
The fragrance and beauty company, which operates in over 163 locations across 52 countries, now uses the cloud-based solution to automatically screen business partners against denied and sanctioned party lists in real-time.
"By collaborating with Descartes and implementing its comprehensive screening solution, we've gained the ability to automate partner screening in real-time, reduce manual screening workloads, and proactively mitigate compliance risks," said Paola Sesana, Group Head of Tax and Trade Affairs at Givaudan.
Previously, Givaudan relied on manual compliance checks that were time-consuming and used static databases. The new system automatically screens partners against daily updates to denied and sanctioned party lists.
The Descartes solution includes watch list and regulatory content from the EU, APAC, EMEA and North America. The system is designed to help companies across industries including retail, aerospace, financial services, manufacturing and transportation navigate foreign trade compliance requirements.
Givaudan employed over 16,900 people worldwide in 2024 and achieved CHF 7.4 billion in sales. Descartes provides software-as-a-service solutions for logistics-intensive businesses and is headquartered in Waterloo, Ontario.
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