Why Supplier Onboarding Should Be Your Next Digital Upgrade

Every day a new supplier is stuck in limbo is a day your business can’t move forward. Delays in onboarding often mean missed project deadlines, sourcing bottlenecks, and increased costs. 

Onboarding delays alone average 25–30 days per supplier — time you can’t afford to lose when the pressure is on to deliver. 

Modern supplier onboarding software replaces back-and-forth emails and manual forms with intuitive workflows that help you: 

• Eliminate delays and get suppliers approved faster 

• Automatically route requests for review and approval 

• Centralize documentation in one place 

With software like TYS Essentials, procurement teams can reduce cycle time by 60% or more. One customer in the telecom sector saw onboarding times drop by 82%. 

It’s not about cutting corners, it’s about removing friction and accelerating results.  

Manual supplier management isn’t just inefficient, it’s expensive.

How much time is your team spending on copy-pasting data between tools, chasing down signatures, or searching for expired documents?

Beyond the productivity drain, the risks are real:

• 63% of procurement teams report fraud incidents involving third parties

• Fines for GDPR, OFAC, and FCPA violations can range from $1M to over $25M

• 41% of consumers say they would abandon a brand linked to unethical suppliers

The costs of a disconnected process show up everywhere, from missed red flags to brand damage.

Digital onboarding tools reduce that burden with automation, shared visibility, and simple user interfaces your team will actually want to use.

When supplier data is scattered across email threads, disconnected tools, and shared folders, you lose the visibility needed to spot risk early. 

Automated onboarding builds risk and compliance into the process from day one: 

• Collect and track required documents and certifications 

• Connect with integrated risk data providers 

• Trigger alerts for high-risk entities or missing information 

You’re not just getting suppliers into your system; you’re building a foundation of trust and transparency from the start. 

TYS Essentials is a supplier onboarding software platform that replaces outdated processes with digital, automated workflows that are fast, trackable, and scalable. By automating onboarding and compliance tasks, teams save time and significantly reduce the risk of human error.

Sample ROI:
A company onboarding 300 suppliers per year could save $57,000 annually using TYS Essentials. With a $5,000 implementation cost, that’s a 1,140% ROI and a payback period of less than two months.

Real Results from Real Customers

Here’s what teams have achieved with TYS Essentials:

• ✅ 82% faster onboarding and 41% less risk screening time (Telecom)
• ✅ 17% fewer duplicate suppliers via automated bank and tax ID validation (Software)
• ✅ 40% onboarding effort reduction and automated ESG workflows (Energy)

One energy company even identified and replaced a supplier recently sanctioned for modern slavery, avoiding compliance fallout and reputational damage.

You don’t need a massive transformation initiative to start seeing value. Most teams see a measurable impact in weeks: 

• Up to 60% reduction in onboarding time 

• Supplier profiles 85%+ complete 

• Major drop in manual tasks and audit rework 

When you eliminate bottlenecks, automate the repetitive stuff, and give your team one place to work, it adds up fast. 

How to Pitch the Plan 

Executives don’t need theory. They want numbers and a rollout strategy. 

• Initial Investment: $25,000 

• Payback: Less than 2 months 

• Go-Live: Within this quarter 

• Internal Champions: Procurement, Compliance, Risk, IT 

Phased rollout suggestion:

• Crawl: Pilot by supplier category or region
• Walk: Expand across business units
• Run: Standardize and automate globally