07:14 AM EDT, 10/07/2020 (MT Newswires) -- Descartes Systems Group (DSG.TO), a global player in uniting logistics-intensive businesses in commerce, said Wednesday that Argosy International is using its tech to automate denied party screening and export classification.
Shares on Tuesday were slightly up, less than 1.0% to $74.60 apiece, near 52-week highs.
The service, said to automate screening of a trade partner database, has boosted Argosy's 75% productivity in its compliance practice, said the company in a statement.
Argosy, a supplier of advanced composites, honeycomb core materials, aerospace coatings and related engineered materials, is using Descartes Visual Compliance, a cloud-based service for export, financial and trade compliance, according to a statement.
Preston Barton, VP of Global Trade Compliance Sales at Descartes, said: "The substantial volume of information that flows through international commerce makes time-consuming manual compliance processes and subjective analysis increasingly impractical and risky. With technology-enabled trade compliance solutions, businesses can achieve measurable gains in productivity by automating routine tasks, reducing errors, and optimizing decision-making while lowering the exposure to trade-related risks."
Price: 74.60, Change: +0.02, Percent Change: +0.03