Sanction lists are updated every day, but only 9% of organisations* cleanse their Master Supplier File monthly or more frequently.
One-off sanction checks during new supplier onboarding or infrequent checks do not provide adequate protection. Anything less than continuous sanction monitoring introduces a risk of non-compliant supplier purchasing, with severe consequences.
Find out more about our sanction monitoring software with this helpful fact sheet.
* According to research from Purchase to Pay Network 2022
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