What is address screening in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: address screening

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: A function in that lets you check the names and addresses of business partners against address screening lists.

Smart SAP Assistant

• Key Concepts: 
  Address screening is a feature of the SAP Business Integrity Screening (GRC-BIS) component. It helps organizations to identify and prevent fraud and money laundering by screening customer addresses against global watchlists. The watchlists contain names, addresses, and other information related to individuals and organizations that are subject to sanctions, embargoes, or other restrictions. 
  
  How to use it: 
  Address screening can be used to check customer addresses against the watchlists. The system will compare the address data with the watchlist entries and alert the user if there is a match. The user can then take appropriate action, such as blocking the transaction or further investigating the customer. 
  
  Tips & Tricks: 
  It is important to keep the watchlists up-to-date in order for address screening to be effective. The system should be configured to automatically update the watchlists on a regular basis. Additionally, it is important to ensure that all customer addresses are entered correctly in order for the system to accurately compare them with the watchlist entries. 
  
  Related Information: 
  The SAP Business Integrity Screening (GRC-BIS) component also includes features such as name screening, transaction monitoring, and risk assessment. These features can be used in conjunction with address screening to help organizations identify and prevent fraud and money laundering.