Management Dynamics, a provider of global trade management solutions, announced the release of Export On-Demand 1.2, its export compliance solution for small and medium-sized exporters.

Company sources explained that this new release allows enhanced compliance screening and management of export licenses. Export On-Demand can be easily configured and deployed in a SaaS (News - Alert)-based model and can also be implemented in a modular fashion eliminating need for deploying an on-premise solution.

In a release Nathan Pieri, senior vice president, marketing and product management for Management Dynamics said, “This latest release of Export On-Demand improves support for global exporters with enhanced embargo and restricted party screening, as well as a new license determination and management module.”

“The modularity of Export On-Demand allows our clients to first establish a foundation by managing product compliance and screening parties, then adding successive capabilities such as global license management, document generation and filing,” Pieri added.

The new features in the solution include global license determination which provides access regulatory control content for over 100 countries to decipher if licenses are required when exporting from those countries, including US re-export license determination.

The enhanced license management feature accounts for license usage by quantity and dollar value. It allows the selection to auto-apply a license based on sophisticated rules that check the validity of the license. The feature, global embargo configuration helps configure new embargo screening options for specific compliance policies by country, said officials.

The warning word dictionary defines keywords that will immediately cause a transaction to be put on hold for further investigation. The retroactive list screening feature adds a new restricted party list which allows users to screen all trade partners at once, or only new and updated partners against the added list.

Officials added that the Export On-Demand 1.2 helps companies to easily develop an Export Management and Compliance Program (EMCP), by leveraging the new government programs such as the National Export Initiative (NEI (News - Alert)) in the United States.

They can use the modular, on-demand deployment features and build a program in phases, and cost-effectively enter new international markets.

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