Client Success Story
High Tech Manufacturer Empowered with Groundbreaking Oracle GTM Restricted Party Screening Solution
The Challenge
A leading provider of computer-related products and services faced a critical need to enhance its restricted party screening capabilities. The organization has a legal requirement to screen all their active customers daily against the US Customs & Border Patrol published list of criminals & bad actors.
The organization's customer legal team set an ambitious objective for Accelalpha: to develop a solution that could perform restricted party screening for over 300 million parties per day. According to Oracle, this was an unprecedented volume, as the previous highest recorded number of
screenings in a single day was 16 million. The organization required a reliable and scalable solution that could effectively analyze buying activity and mitigate risks associated with its diverse customer base.
With approximately 500 million individual contacts holding valid service contracts, including new orders, service orders, warranties, and other financial transactions, a proof of concept (POC) demonstrated that GTM could screen 300 million records per day, scalable to 500 million.
Our Approach
As the organization's trusted partner for Oracle Global Trade Management (GTM), Accelalpha embarked on an innovative project to meet the unique challenges presented by the organization's high volume screening requirements. While the original plan involved utilizing large servers, budgetary and supply constraints led to a shift in strategy. Accelalpha devised a creative approach, leveraging significantly smaller servers and optimizing the system design to maximize throughput. Through its ingenuity, Accelalpha successfully developed a custom, scalable solution that surpassed the limitations of Oracle GTM, enabling a cluster of lower-capacity servers to screen over 320 million parties per day.
During the project, Accelalpha also conducted an assessment of the organization's customer data. This analysis revealed inaccuracies caused by duplicate files within the database. Leveraging the power of Oracle's GTM solution, Accelalpha helped the organization to reduce its data volume and streamline its customer database for enhanced accuracy and improved operational efficiency.
The Results
Thanks to Accelalpha's expertise, the organization achieved exceptional outcomes with the implementation of the Oracle GTM third-party screening solution. Here are the key results and success story highlights:
- Unprecedented Screening Capacity: The organization can now screen over 320 million parties per day, outpacing any other known screening tool. This achievement positions the organization as the leader in restricted party screening, ensuring compliance and reducing risk in its global operations.
- Enhanced Data Accuracy: Accelalpha's assessment and clean-up of the organization's customer data means that they can now rely on accurate data to make informed business decisions, improve customer service, and optimize operations.
- Cost-Effective Scalability: Accelalpha's innovative approach overcame Oracle GTM scalability limitations and delivered a cost-effective solution. By effectively utilizing smaller servers, the organization achieved high throughput while keeping within budgetary constraints.
By collaborating with the Oracle product development team Accelalpha enabled its customer to establish a record-breaking Oracle GTM third-party screening solution, revolutionizing the way that the company manages risk and optimizes its global operations.