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The Decision Factor offers insightful comments and observations on analytics—from views on new technology approaches and market dynamics to the latest industry trends driving demand for faster, smarter information analysis. This blog contains personal views, thoughts, and opinions from SAP employees, mentors, and friends working in the area of analytics. It’s not endorsed by SAP nor does it constitute an official communication of SAP.


Can Companies Operate in a Risk-Free Environment?

Can Companies Operate in a Risk-Free Environment?

There are many ways people rationalize away risk when it comes to their companies. Ever heard someone say, “We don’t manufacture a tangible product, therefore, we’re not at risk for global trade violations”? Or, “We only sell to domestic markets.” Or even, “Our product is simple and clearly for civilian use, so it poses no military threat.” Assumptions like these could be putting your company at extreme risk.

Screening Business Partners Is Good

Companies that do any type of business must, at a minimum, screen all business partners against the lists published by regulatory authorities. These lists include the …