alseda ESM – The SAP Add-On solution

FACT SHEET

More information about alseda’s ESM solution.

All companies are faced with the important challenge of ensuring that they do not enter into business relationships with sanctioned persons or organisations. To ensure this, they must regularly check their business partners against national and international sanctions lists. This documentation requirement is based on various national and international regulations.

Process integration – automated monitoring during onboarding

The SAP add-on alseda ESM can be seamlessly integrated into your business processes. This can be, for example, the onboarding process of a new customer or supplier. All new business relationships can be checked for sanctioned persons or organisations in real time during the onboarding process. Or you can conduct an inventory check to ensure that you can continue to do business with your existing business partners. All business partners that match the sanctions lists are processed further in the Compliance Cockpit.

Logging

The SAP add-on alseda ESM supports the audit-proof logging of all checks, work steps and decisions related to an interaction. This means that it is always possible to trace how and why a decision was made. The logs are archived using proven SAP functions.

SCHUFA Compliance Service

The SAP add-on alseda ESM is based on the SCHUFA Compliance Service. This allows you to select the lists relevant to your business, such as the European Union lists or the FinCEN list. In addition, SCHUFA provides lists of politically exposed persons (PEP). These lists are maintained and updated by SCHUFA.

Compliance Cockpit

All hits in the sanctions lists can be analysed and controlled via a central results evaluation in the familiar SAP Fiori interface. The modern interfaces are also suitable for mobile devices.

Monitoring

The SAP add-on alseda ESM also supports legally required monitoring, which can be used via the SCHUFA Compliance Service. This provides information on the business partner in question.

Technology – efficient and fast connection

The alseda ESM add-on was developed on the basis of S4/HANA, but is also available as a legacy version for older systems.

It uses the standard SAP mechanisms for logging and authorisations.

As no middleware is required, the ESM add-on can be installed directly on an existing SAP system, enabling a fast and efficient connection.

The connection to the SCHUFA Compliance Service is also made directly from the SAP system. Any non-SAP system can also be connected to the alseda ESM solution.

Advantages at a glance

Complete process integration: The solution provides a seamless connection to existing interfaces.

Legally compliant onboarding and offboarding of business partners: Processes comply with compliance regulations and the German Money Laundering Act (GWG).

Logging and historization: All automated and manual processing steps are logged using standard SAP functions.

Processing in the Compliance Cockpit: Central, user-friendly and role-based interface based on SAP Fiori, also suitable for mobile devices.

Future-ready: The solution is future-proof and can be extended to meet additional requirements, such as pre-authorisation of beneficial owners.

Profitable: Full process automation reduces costs and increases efficiency.

Reusable: The caching function enables the repeated use of information on a business partner within a certain period, thus reducing the time and effort required for timely requests to the SCHUFA Compliance Service.