Trust Your Supplier (TYS) Spotlighted in Harvard Business Review
Faster, Smarter, Global: How TYS is Transforming Supplier Onboarding
We’re excited to share that Harvard Business Review has recognized Trust Your Supplier (TYS) as a game-changer in supplier onboarding. This feature highlights our innovation and impact, and we are proud to celebrate this milestone with our community and partners.
The Challenge of Traditional Supplier Onboarding
Supplier onboarding is essential but often slow. In many companies, it can take weeks or even months due to manual checks and paperwork.
Fortunately, change is here. As highlighted in Harvard Business Review, TYS is transforming this critical process.
How TYS Simplifies Supplier Onboarding
By using blockchain technology, TYS connects a global network of buyers and suppliers. This approach sets a new standard for onboarding. Here’s what makes it standout:
- Faster Onboarding Through Automation
TYS automates repetitive manual tasks, reducing delays in supplier data verification. As a result, organizations can onboard suppliers in days instead of months.
- Access to a Global Supplier Network
With over 100,000 fully vetted suppliers and partnerships with leaders like BT Sourced, Lenovo, Nokia, Pearson, and Thermo Fisher, TYS gives companies access to a trusted, growing network.
- Efficiency and Cost Savings
Purchasers using TYS save nearly $500 per supplier. For companies managing thousands of suppliers, these savings add up quickly.
- Benefits for Suppliers
Suppliers also experience benefits. The average supplier onboarding time averages less than 1 week, which is a 67% reduction over current. Suppliers can also work with multiple customers without duplicating data.
Why This Matters for Supply Chains
Supply chain management is evolving. Companies are increasingly adopting platform solutions like TYS to solve persistent challenges efficiently.
As a result, TYS is not just improving onboarding; it is redefining the industry standard.
Join the TYS Journey
The Harvard Business Review recognition underscores the value TYS brings to supply chains. Learn more about how our platform and tools are streamlining onboarding and shaping the future of procurement.
