AeroTurbine Switches to Amber Road to Ramp up Restricted Party Screening Protection and Efficiency
EAST RUTHERFORD, NJ, September 22, 2015 -- Amber Road (NYSE: AMBR), a leading provider of global trade management solutions (GTM), today announced that AeroTurbine, Inc. has selected the Amber Road restricted party screening (RPS) solution in order to upgrade its compliance processes.
AeroTurbine is a global aviation company specializing in supply chain management solutions, the sale and lease of aftermarket commercial engines, aircraft and parts, technical advisory services and aircraft maintenance to its customers located around the world.
AeroTurbine has 20,000 different business partners around the world, including customers, suppliers, maintenance repair and overhaul organizations (MRO's), and freight forwarders. With an understanding of the need to ensure compliance with the broad array of dynamic restricted part lists, AeroTurbine has had a screening solution in place for some time. However, the company decided it needed to improve its partner screening efficiency and effectiveness, and ultimately selected the Amber Road restricted party screening solution.
"The international compliance environment has become exponentially more complex in recent years, and it was time to align our screening processes," explained Amanda Cutler, AeroTurbine's Chief Legal Officer. "Amber Road is ideal for AeroTurbine as it covers a comprehensive number of lists, offers time-saving capabilities such as batch upload and a single point of access to comprehensive information in the event of a hit, and automatically monitors all our business partners against changes in any of the lists."
Summing up the expected benefits, Cutler added: "We will be better protected, with less effort."
Provided as a software-as-a-service, Amber Road's RPS solution enabled AeroTurbine to become operational in early 2015, after an implementation period of just one month. Looking further into the future, AeroTurbine has the option to activate additional trade management functionality available through Amber Road's comprehensive Export On- Demand solution, which encompasses the restricted party screening solution.
Amber Road's Export On-Demand solution is already in use at AeroTurbine's parent company, AerCap. Commenting on this, Rick Meyer, VP of Sales EMEA of Amber Road, said: "This is just the latest example in which multiple entities in a global corporation have selected Amber Road for their global trade management needs. I see it as one of the strongest possible indications of the value of Amber Road's solution suite: a real vote of confidence in our end-to-end capabilities."
AeroTurbine is a global aviation company that offers the aviation industry access to one of the world's largest pools of certified aircraft engines, parts, and supply chain solutions. By leveraging its expertise and financial strength, AeroTurbine' customers can choose solutions tailored to their operational and financial goals. Headquartered in Miramar, Florida, AeroTurbine currently employs approximately 355 full-time professional, technical and mechanical personnel and maintains regional sales offices in Texas, the United Kingdom, Ireland and Singapore and an aircraft maintenance facility in Goodyear, Arizona. For more information visit AeroTurbine's website at www.aeroturbine.com.
About Amber Road
Amber Road's (NYSE: AMBR) mission is to improve the way companies manage their international supply chains and conduct global trade. As a leading provider of cloud based global trade management (GTM) solutions, we automate the global supply chain across sourcing, logistics, cross-border trade, and regulatory compliance activities to dramatically improve operating efficiencies and financial performance. This includes collaborating with suppliers on development, sourcing and quality assurance; executing import and export compliance checks and generating international shipping documentation; booking international carriers and tracking goods as they move around the world; and minimizing the associated duties through preferential trade agreements and foreign trade zones. Our solution combines enterprise-class software, trade content sourced from government agencies and transportation providers in 145 countries, and a global supply chain network connecting our customers with their trading partners, including suppliers, testing/auditing firms, freight forwarders, customs brokers and transportation carriers. We deliver our GTM solution using a Software-as-a-Service (SaaS) model and leverage a highly flexible technology framework to quickly and efficiently meet our customers' unique requirements around the world.