Management Dynamics' Global Trade Management Implemented at Infineon
Global Semiconductor Provider Completes Enterprise-wide Implementation of Export Compliance Solution
EAST RUTHERFORD, NJ, April 21, 2010 -- Management Dynamics, a leading provider of Global Trade Management (GTM) solutions, today announced that Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) implemented its Trade Export solution to automate and maintain compliance with international export regulations. The enterprise-class on-demand solution has enabled Infineon to streamline its process for license determination and sanctioned party screening across its high volume, highly complex supply chain.
Screening over 10,000 daily transactions across 12,000 customers worldwide, Infineon needed a robust and scalable solution to automate compliance with all export regulations for shipping products to foreign countries, as well as the measures to ensure compliance with national and international anti-terrorism regulations. The company required vendor experience in automated license determination for exports out of multiple countries while adhering to and providing automated US re-export license decisions, especially when exporting dual-use products. Infineon selected Management Dynamics' Trade Export solution for its accuracy in resolving trade compliance issues, industry leading Global Trade Content, and scalability.
"The semiconductor industry is global and among the most dynamic industries in the world. Infineon strives to be the most responsive partner for its customers' needs, while at the same time ensuring compliance with national and international export regulations and sanction programs," said Wolfgang Keichel, Vice President, Information Technology for Supply Chain Management at Infineon Technologies AG. "Management Dynamics met the complex needs of Infineon in a very efficient and professional way."
Fully integrated into Infineon's SAP order management system across all business units, the Trade Export solution centralizes and manages its international transaction management process including restricted party screening (RPS), export license determination and tracking. Audit trails and complete management reporting provide Infineon with a compliant process that adheres to US, European and Asian government regulations and reduces risks and costs associated with global trade.
In addition to Trade Export, Infineon implemented Management Dynamics' End-Use Manager, an on-demand solution that generates customized end-use surveys for parties involved in any cross-border transaction, to help its compliance team to comprehensively survey and collect end-use statements from customers, suppliers and employees.
"Many multinational corporations are increasingly exporting to more countries, which comes with greater responsibility to ensure that complex export requirements are met, in particular for exporters of controlled technologies," said Jim Preuninger, CEO of Management Dynamics. "We are delighted that Infineon Technologies selected our solutions to help manage export compliance and we welcome them into our growing number of customers with operations focused in Europe."
About Infineon Technologies
Infineon Technologies (www.infineon.com), headquartered in Neubiberg near Munich, Germany, focuses on the three central challenges facing modern society: Energy Efficiency, Communications and Security. The company offers semiconductors and system solutions for automotive and industrial electronics, chip card and security applications as well as applications in communications.