What is excluded term list in SAP GRC-BPS - SAP Business Partner Screening?

SAP Term: excluded term list

• Component: GRC-BPS

• Component Name: SAP Business Partner Screening

• Description: With the transactional app Manage Excluded Terms you can display and create lists of terms to be excluded during address screening. For example, you can exclude common, unimportant words such as “Ltd.” and “Corp.” from the screening.

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• Key Concepts: 
  Excluded Term List is a feature of SAP Business Partner Screening (GRC-BPS) that allows users to create a list of terms that should be excluded from the screening process. This list can be used to prevent false positives and ensure that only relevant results are returned. The list can be customized to meet the specific needs of the user. 
  
  How to use it: 
  To use the Excluded Term List feature, users must first create a list of terms that should be excluded from the screening process. This list can be created manually or imported from an external source. Once the list is created, it can be applied to any screening process by selecting the “Exclude Terms” option in the GRC-BPS settings. 
  
  Tips & Tricks: 
  When creating an Excluded Term List, it is important to consider the context in which the terms will be used. For example, if the list is being used for a financial screening process, it may be beneficial to include terms related to financial services or products. Additionally, it is important to regularly review and update the list as needed to ensure that only relevant results are returned. 
  
  Related Information: 
  For more information on using the Excluded Term List feature in GRC-BPS, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/GRC_BPS/10/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html