Frequently Asked Questions
We understand you might have some questions about Visual Compliance for NetSuite and export, trade and OFAC Compliance. We've prepared some answers to the most frequently asked questions, but if we don't have an answer for you on this page, please contact us today.
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What is Visual Compliance for NetSuite?
What is Visual Compliance for NetSuite?
Visual Compliance for NetSuite is a NetSuite® plugin that automatically checks to see if anyone you're doing business with—including contacts, leads, accounts, vendors, suppliers and visitors to your premises—appears on a government "watch list" of individuals, businesses or countries that face restrictions.
What does Visual Compliance for NetSuite do?
Visual Compliance for NetSuite checks for individuals and companies that are found on U.S. and international government watch lists for financial, technological, and security transactions; as well as countries facing sanctions or under embargo. Our global sanctions screening tool helps protect you from conducting business with these entities by alerting you to their presence on government watch lists.
Why do I need to worry about this?
Most countries have a set of laws that place limits on who you can legally do business with. Making sure that you are not doing business with anyone on these government watch lists helps protect you and your company from significant fines, loss of export privileges and even criminal charges.
Has anyone been found guilty of violating trade regulations?
A number of high-profile companies have been fined for violating export regulations, knowingly or unknowingly. A brief summary of a few recent cases can be found here.
How do I use Visual Compliance for NetSuite?
How do I know if an account is okay to do business with?
When you import, add or modify a Lead, Opportunity, Prospect, Customer, or other contact data, you will see their restricted party screening status ("RPS Status") and if they've been flagged as a potential match against a government watch list. Whether or not a match has been found by Visual Compliance for NetSuite will be indicated in the RPS Status field.
How am I alerted about a match?
In the event of a match, Visual Compliance for NetSuite will automatically send an email alert to whomever you have nominated to receive restricted party screening results.
What does an email alert contain?
An email alert from Visual Compliance for NetSuite includes the information that resulted in a match against government watch lists, which lists, and the reason(s) these persons, companies or countries appear on a list.
How does Visual Compliance for NetSuite work?
How does it work? Where does it fit into my workflow?
Whenever you import record data or create or modify a Lead, Opportunity, Prospect, Customer, or other contact data in NetSuite, Visual Compliance automatically checks the record by taking the name and address information you've entered and simultaneously scanning it for matches against multiple government watch lists. Your information is then updated with the result. You don't have to make any adjustments to your existing processes or workflow.
How do I get started with Visual Compliance for NetSuite?
Getting started with Visual Compliance for NetSuite is easy. All you need to do is get your NetSuite® administrator to install and activate the plugin. You can be up and running within a day.
Can I get a demonstration of Visual Compliance for NetSuite?
If you would like a demonstration of Visual Compliance for NetSuite, please contact us and we will be happy to arrange one for you.
How do I find out how much Visual Compliance for NetSuite will cost?
Visual Compliance for NetSuite is an affordable solution for regulatory compliance. Contact us and we will help determine which of the Silver, Gold or Platinum level options best suits your needs and your edition of NetSuite®.
I already have a significant number of Leads, Opportunities, Prospects, and Customers. Can I get them screened?
Yes, we can also get your entire database verified, getting you completely caught up with your trade compliance requirements.
What other export, trade and OFAC solutions does Visual Compliance offer?
Visual Compliance offers a comprehensive suite of powerful and innovative denied parties screening, audit, classification and export automation solutions that business of all sizes—and in every industry—have relied on to help them overcome their global trade compliance challenges. And they've been doing it for over 35 years.