Compliance concept with graphics of documents, scales of justice, and a gavel representing supplier risk management and regulatory requirements.

Why Supplier Risk and Compliance Data Matters More Than Ever

by Gigo Joseph

As Vice President of Business Development, who works with companies on supplier management challenges, I’ve recently spent more time than expected helping them untangle their historical supplier data.

Not the cutting-edge, forward-looking tools—like real-time risk alerts or ESG dashboards. I’m talking about old email threads, unlabeled spreadsheets from 2013, and long-forgotten shared folders. Why? Because the next wave of supply chain regulation doesn’t just expect you to know your suppliers today. It expects you to understand their business practices and activities from a decade ago.

Take the U.S. Environmental Protection Agency’s (EPA) new rule under the Toxic Substances Control Act (TSCA). It requires companies to report detailed data on PFAS, also known as “forever chemicals”, dating back to 2014. That includes volumes, usage, disposal methods, and more. While it’s a one-time disclosure, the data requirements are anything but simple. Most organizations aren’t ready for that kind of backward-looking audit.

And yet, this is where supplier risk and compliance regulation is headed: deeper, broader, and more historical.

Even as some high-profile rules stall, such as the SEC’s climate disclosure requirements, which are currently on hold, momentum continues, and companies need to prepare. Pressure from global markets, investors, and state-level legislation hasn’t let up. ESG accountability is still advancing, though through a more fragmented and nuanced landscape.

At the state level, new laws in California, New York, and Washington are raising expectations around labor practices and human rights compliance. Federal regulations such as the Uyghur Forced Labor Prevention Act (UFLPA) are tightening the screws further, pushing companies to know not just their Tier 1 suppliers, but also the origins of materials and labor throughout their entire supply chain.

What’s the big shift? Compliance is moving from policy to proof.

From “we have a statement on our website” to “we can document and verify our actions.” Auditors and regulators want more than words—they want evidence. It’s no longer enough to report company actions; it’s imperative to verify compliance within your entire supply chain.

That’s a tall order for most procurement and compliance teams. Many still rely on manual processes, fragmented systems, and tribal knowledge buried in inboxes. Multi-tier supplier visibility is limited. And retrospective data? Often nonexistent.

But this isn’t just a legal or financial problem anymore. It’s a supply chain issue and increasingly, a trust issue.

Can you confidently identify your suppliers, describe the risks they pose, and provide the necessary documentation to support your compliance claims? Could you provide proof to external auditors?

There’s no silver bullet, but there is a clear path forward. In my work supporting supplier ecosystems, I’ve seen how powerful tools like TYS Essentials make a real difference, especially when it comes to compliance workflows, document traceability, and multi-tier transparency.

Supplier management platforms such as Trust Your Supplier enable companies to manage onboarding, collect certifications, and retain auditable records. These capabilities allow you to respond to disclosure requirements with speed and confidence.

Tools alone won’t solve the growing need for historical information, but they provide the foundation to act proactively instead of reactively.

We’re entering a new era of accountability. Supplier compliance isn’t just about avoiding penalties anymore; it’s about building resilience, earning trust, and future-proofing your operations.

If you haven’t started preparing for this shift, now is the time. Your customers, investors, and regulators are expecting it.

Explore How Trust Your Supplier (TYS) Essentials Can Help

If you're facing increasing demands around supplier data, documentation, and compliance, you’re not alone. TYS Essentials is designed to simplify supplier onboarding, centralize critical records, and give you the visibility needed to meet today’s—and tomorrow’s—regulatory expectations.

✅ Automate onboarding workflows
✅ Maintain auditable compliance records
✅ Improve supplier data quality and traceability
✅ Gain multi-tier visibility without the spreadsheet chaos

Learn more about how TYS Essentials supports smarter, compliance-ready supplier management. Request a demo.

Manual vs. Automated supplier onboarding comparison — blog on how onboarding impacts speed, risk, and ROI.

Manual vs. Automated: How Supplier Onboarding Shapes Speed, Risk, and ROI

Company A and Company B are both mid-sized, fast-growing businesses with solid procurement teams. Both are trying to source new suppliers under pressure: tight timelines, quality expectations, and critical internal dependencies. 

Their goals are the same. But their outcomes? Not even close. 

This is what happens when one team is stuck in manual mode and the other is powered by modern supplier onboarding software

Step 1: Finding the Right Supplier

Company A kicks off its search with Google queries, Slack pings, and industry referrals. The team chases leads across scattered sources, with no way to filter for compliance or certifications. 

Company B, using TYS Essentials, searches within a pre-verified network of over 500,000 suppliers. They filter by industry code, location, and risk criteria. In-platform messaging helps them connect directly with suppliers and ask follow-up questions. 

🔹 Result: Company B identifies qualified supplier candidates a full week earlier than Company A. 

Step 2: Gathering Documents

Company A sends emails and leaves voicemails requesting tax forms, insurance certificates, and licenses. They track responses manually with spreadsheets and inbox folders. 

Company B starts with a pre-loaded supplier profile and sends an automated document request through the TYS platform. Suppliers get reminders, and documents are uploaded and timestamped automatically. 

🔹 Result: Company B gets complete, verified documentation faster and with fewer errors

Step 3: Risk & Compliance Checks

Company A uses manual watchlist checks and coordinates with compliance over email and internal chat. It’s time-consuming and hard to track. 

Company B runs automated screenings through integrated risk intelligence partners within TYS Essentials. Any red flags are flagged instantly. 

🔹 Result: Company B mitigates risk without delaying onboarding

Step 4: Approvals

Company A sends spreadsheets to Finance and Compliance for approval. There are version control issues and multiple follow-ups. 

Company B routes approvals through built-in workflows. Stakeholders are notified and approvals are logged. 

🔹 Result: Company B moves forward in days, not weeks

Step 5: Supplier Setup & Go-Live

Company A manually inputs banking details and checks for duplicates before sending to A/P. It’s tedious and risky. 

Company B uses TYS Essentials’ built-in validation tools. Bank data is verified, and duplicates are automatically flagged. 

🔹 Result: Company B completes setup securely and ahead of schedule

Final Score:

By the time Company A finishes onboarding, Company B has already received its first shipment. 

The difference is more than speed. It’s about: 

✅ Fewer errors and compliance gaps 

✅ Better collaboration across teams 

✅ Confidence in supplier legitimacy and data 

Bar chart comparing manual vs. automated supplier onboarding timelines. Company A’s manual process takes 27 days total—7 days for discovery, 11 days for prequalification, and 9 days for onboarding—while Company B using automated supplier onboarding software completes the process in 7.5 days total.

What Could This Look Like for You?

Teams using TYS Essentials report: 

  • 60% faster onboarding 
  • 41% less time spent on risk screening 
  • 17% fewer duplicate suppliers 
  • 40% reduction in onboarding effort 

One energy company even avoided reputational fallout after identifying and replacing a supplier flagged for modern slavery. 

Want to know what this could mean for your team? 

Try the ROI Calculator to see how much time and money you could save. 

Download the Supplier Onboarding Playbook to explore strategies for onboarding in 2025 and beyond. 

TYS Essentials makes onboarding faster, safer, and smarter—so your team can focus on the bigger picture.  

Why Supplier Onboarding Should Be Your Next Digital Upgrade

Ask any procurement or compliance lead where the headaches start, and onboarding is usually at the top of the list. 

Whether it’s slow approvals, incomplete documents, or risk signals missed in the rush, manual processes are costing more than time. 

What used to be viewed as a tactical task is now one of the most critical moments in the supplier lifecycle. Onboarding sets the tone for every relationship, affects compliance and audit readiness, and can either accelerate or stall your operational goals. 

That’s why streamlining this process isn’t just a nice-to-have. It’s a strategic upgrade that pays off in faster time to value, reduced risk exposure, and better team efficiency. 

Here’s why supplier onboarding should be next on your digital transformation list—and how to prove the ROI. 

Faster Onboarding = Faster Time to Value

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.  

Admin Time Isn’t Free

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.

Risk Visibility Starts at Onboarding

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.

savings chart for supplier onboarding with TYS.

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.

Proving ROI Isn’t Complicated

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 

More Than Software, It’s a Smarter Way to Work

Upgrading your supplier onboarding process isn’t just about speed or savings. It’s about building smarter infrastructure for your business—reducing waste, improving resilience, and making sure your team is ready for whatever comes next. 

TYS Essentials gives you more than ROI. It gives you confidence, control, and continuity, without the complexity. 

Want to take the next step? 

 

new blog who are you letting into your supply chain?

Who Are You Letting Into Your Supply Chain?

Supplier onboarding isn’t a checkbox. It’s your first and sometimes only chance to stop risk before it enters your supply chain. 

In today’s procurement environment, many teams in North America and Europe are still managing onboarding with email threads, spreadsheets, and manual forms. That may seem like “good enough,” but these outdated processes leave your organization exposed to operational disruptions, compliance failures, and reputational damage. 

The Risk in Manual Onboarding

When onboarding is fragmented and slow, critical red flags can be missed entirely. Teams often don’t discover a supplier’s financial instability, ESG violations, or ownership risks until long after contracts are signed and money has changed hands. That kind of late-stage discovery is costly—in time, resources, and brand credibility. 

And it’s not just about risk. Manual processes drain time from your team, frustrate internal stakeholders, and delay time to value with new suppliers. It’s inefficient, and it’s unsustainable. 

Why Supplier Onboarding Is a Strategic Risk Function

The onboarding moment is the one time in the supplier lifecycle when you have full control. Before issuing a PO or starting work, you can ask questions, validate claims, and assess risk. But too often, that opportunity is missed because onboarding is treated as a checklist task instead of a strategic safeguard. 

Modern organizations are shifting their perspective: onboarding is no longer just about data collection. It’s about risk discovery, compliance alignment, and supplier accountability right from the start.

What Modern Supplier Onboarding Software Looks Like

So what does good onboarding look like in 2025?

  • Guided supplier intake with clear roles and ownership 
  • Real-time risk screening and document validation 
  • Cross-functional workflows that don’t rely on email 
  • Centralized storage for ESG, compliance, and audit documentation 
  • Flexible paths based on supplier type, geography, or risk profile 

Choosing the right supplier onboarding software allows your team to work faster, smarter, and with full visibility into supplier risk. 

How TYS Essentials Helps

That’s where TYS Essentials comes in, giving mid-market teams the tools to onboard smarter, stay compliant, and surface supplier risk from day one. 

With TYS Essentials, your team can: 

  • Eliminate email-based approval chains 
  • Automate document collection and expiration tracking 
  • Use prebuilt workflows for faster onboarding 
  • Access integrated risk insights before you onboard 
  • Maintain a clean, centralized view of supplier records 

TYS Essentials is a supplier onboarding software solution purpose-built for procurement and compliance teams in fast-moving industries. 

Final Thought: Onboarding Is the Moment of Truth

Your supplier onboarding process is more than an operational task – it’s the gateway to every relationship, risk exposure, and compliance outcome downstream. 

Getting it right matters. 

Ready to take control of supplier onboarding? Download the Supplier Onboarding Playbook.

The ROI of TYS Essentials: Why Growing Companies Can’t Afford Manual Supplier Management

As your business grows, so does the complexity of managing suppliers. What once worked with spreadsheets, emails, and informal processes now leads to delays, risks, and inefficiencies that cost real money. 

Cut Supplier Onboarding Time by Up to 60%

Manual onboarding processes are slow. The back-and-forth to collect documents, route approvals, and check compliance often stretches across 3–6 weeks per supplier—if not longer. 
 
TYS Essentials reduces onboarding cycle time by up to 60%, thanks to: 
– Prebuilt, automated workflows 
– Centralized intake and document collection 
– Real-time visibility into status and approvals 

Avoid Fraud Losses Before They Happen

According to the Association for Financial Professionals, 75% of companies experienced payment fraud attempts in the last year. 
 
TYS Essentials includes built-in Bank Account Validation & Verification (BAVV), helping you: 
– Confirm supplier bank details before payment 
– Detect fraudulent updates in real time 
– Protect against costly payment redirection scams 

Identify Risk Before It Slows You Down

TYS Essentials automates preboarding checks across: 
– Global sanctions lists 
– ESG and labor risk indicators 
– Financial health signals 
– Code of Conduct violations 

Automate Workflows & Approvals

With Essentials, workflows are built in: 
– Approvals route automatically based on risk or supplier type 
– All activity is tracked and timestamped 
– No more delays from missing emails 

Clean, Enriched, Deduplicated Supplier Data

TYS Essentials automatically deduplicates, enriches, and validates supplier data. Growing companies report: 
– 85%+ complete supplier profiles within 5 days 
– 50% reduction in time spent chasing missing info 

ROI Summary

Here’s what growing companies typically see when adopting TYS Essentials: 
 
Onboarding Time: ↓ 60% average cycle time reduction 
Payment Fraud Risk: ↓ Prevent $100K–$500K+ per incident 
Manual Processing: ↓ 40–60% reduction in admin time 
Risk Exposure: ↓ 30–50% fewer compliance delays 
Data Accuracy: ↑ 85%+ clean supplier records in 5 days 

TYS Essentials is designed to help growing companies stay ahead of onboarding risk, scale faster, and ditch the spreadsheets for good.

Request a Demo – see how TYS Essentials works in action 

Why Mid‑Market Teams Choose TYS Essentials to Manage Supplier Risk

If you lead procurement, compliance, or finance at a mid‑market company managing 500+ suppliers based across multiple regions, you face the same pressure to mitigate risk as Fortune 500 organizations, but with leaner teams and tighter budgets. You need a partner that can automate workflows, surface critical risk management insights, and help you stay audit‑ready without the overhead of a massive platform. 

That’s why we built TYS Essentials – a solution tailored to companies under $1 billion in revenue. 

The Mid‑Market Challenge

  • Complex supplier networks. You’re responsible not only for direct components but also for raw material sub‑suppliers and contract manufacturers. 
  • Regulatory scrutiny. ESG, data privacy, sanctions screening, and financial compliance never sleep. 
  • Resource constraints. Small teams can be overwhelmed by manual approvals, endless email threads, and static spreadsheets. 
  • Fraud & business continuity risks. Late payments, falsified documents, or sudden supplier bankruptcy can halt production. 

Now more than ever, it’s crucial to proactively manage risk, monitor your suppliers’ changing profiles, ensure compliance, and showcase ROI to leadership. 

How TYS Essentials Helps You Mitigate Risk

Rapid Onboarding & Discovery 

  • Ready-made workflows and a user-friendly interface enable you to onboard suppliers within days instead of weeks, whether they’re raw material mills in Southeast Asia or packaging firms in Europe
  • Fuzzy search, filters, and collaborative questionnaires help you find and qualify the right partners the first time

Integrated Risk Intelligence 

  • Data embedded from LSEG, D&B, Moody’s, and RapidRatings provides ongoing insights into financial stability and indicators of fraud
  • Sanctions, PEP, and ESG screening occur automatically during intake, so you can mitigate risk before it becomes a liability

Real‑Time Compliance Automation 

  • Auto‑track required documents and certifications; trigger alerts when expiration dates approach
  • Role‑based dashboards unite Procurement, Finance, Compliance, and Legal so everyone sees the same up‑to‑date snapshot. 

Audit & ESG Readiness 

  • Centralized metrics and built‑in audit histories ensure you can prove your compliance posture at any time
  • Report on raw material sourcing, carbon footprint, or supplier diversity in a few clicks

Scalable & Cost‑Effective 

  • No dedicated IT team? No problem. TYS Essentials installs in weeks, not months
  • Starting at $25 K/year, it’s priced for mid‑market budgets – no enterprise complexity or hidden fees

Real‑World Impact

With Trust Your Supplier, one team unified onboarding, risk management, and documentation — all in one workflow. 

  • 65% faster onboarding cycle times 
  • 85% supplier adoption within the first rollout phase 
  • Real-time integration with risk data providers 
  • Centralized supplier profiles and audit-ready document trails 

Outcome 

The company now operates a more agile and compliant onboarding process, and its team has shifted its focus from administrative tasks to strategic sourcing. 

How to Get Started

You don’t need a full system overhaul to make a major impact. TYS Essentials is built for teams that want to move quickly, reduce risk, and streamline onboarding without heavy IT lifts. Here are 4 simple steps: 

Step 1: Evaluate Your Current Process
Where are the delays? Who’s involved? What risks are being missed? Use our Supplier Risk Checklist 

Step 2: Use Our ROI Calculator
Input your current onboarding numbers and get a custom savings snapshot here

Step 3: Schedule a TYS Essentials Demo
Reimagine your process and get a look inside the TYS platform. 

Step 4: Start With One Region or Category
TYS Essentials lets you start small and scale up with ease. 

Introducing TYS Essentials: Scalable Supplier Management Without the Complexity

For fast-moving procurement teams, the pressure is on: onboard suppliers quickly, maintain compliance, reduce risk, and avoid tariff entanglements all without adding headcount or technology bloat. 

That’s why we created TYS Essentials, a streamlined, scalable version of our proven Supplier Management Platform. TYS Essentials delivers enterprise-grade functionality without the enterprise lift. It’s purpose-built for organizations managing 500-plus suppliers that need better tools now, not months from now. 

Why TYS Essentials and Why Now?

Advanced supplier management tools were once reserved for large global enterprises. Today, midsize companies face the same risks, just with fewer resources and tighter timelines. 

To stay ahead, you need to identify risks before investing time and money onboarding suppliers who may threaten your supply chain. 

TYS Essentials closes the gaps with a modular platform that delivers measurable value from day one without lengthy implementations, custom buildouts, or complexity.

Start Smart. Scale at Your Pace.

With TYS Essentials, you don’t need to overhaul your entire process overnight. Start with the capabilities that solve today’s challenges, such as fraud prevention or compliance automation, and add modules as your needs grow. 

What You Get with TYS Essentials

Faster Supplier Onboarding
Automated workflows that reduce manual effort and speed up supplier readiness 

Real-Time Risk Monitoring
Screen for sanctions, fraud, ESG violations, and cyber threats before onboarding 

Supplier Compliance Records
Centralized, audit-ready documentation with version control 

Clean, Enriched Supplier Data
Validated, deduplicated supplier profiles that improve analytics and reduce errors 

Tariff Impact Visibility
Understand and quantify global tariff exposure to guide sourcing decisions 

Smarter Supplier Discovery
Find pre-vetted, qualified vendors fast with TYS’s searchable supplier network 

Built for Procurement, Compliance, Risk, and Finance

Whether you’re establishing a centralized supplier program or replacing tools that no longer scale, TYS Essentials delivers the foundation you need, with simplicity, speed, and confidence. 

Simple, modular pricing starting at $25K/year 
Go live in days, not months 
Immediate ROI and time savings 
Built on the trusted, advanced technology of the TYS platform 

Ready to Take Control of Supplier Management?

TYS Essentials gives you the tools to streamline onboarding, manage risk, ensure compliance, monitor tariff exposure, and improve supplier performance, with the flexibility to grow as your needs evolve. 

 

Tariff Turbulence: Why Procurement Needs a Smarter Way to Manage Trade Exposure

Tariffs are once again dominating headlines – rising costs, shipping delays, and reshuffled trade routes. But while the noise is constant, what’s often missing is clarity. How exposed is your supply chain? What will these changes cost your business? 

If your team is struggling to move from speculation to strategy, you’re not alone. 

The Real Challenge: Disconnected Tariff Data

For most companies, tariff exposure is tracked in silos: 

  • Buyers and category managers keep manual notes and spreadsheets. 
  • Risk teams focus on macro trade shifts. 
  • Finance logs cost increases, but only after tariffs take effect. 
  • And procurement rarely has a centralized view to assess supplier decisions before onboarding. 

The result? A slow, reactive process that relies more on anecdotes than analytics—especially when trying to brief leadership or plan sourcing strategies. 

Introducing the TYS Tariff Exposure Scorecard (TES)

Trust Your Supplier’s Tariff Exposure Scorecard (TES) was designed to address this issue. 

TES is a real-time tool that consolidates key risk factors for every supplier in your network and generates a quantitative score to help you prioritize action and mitigate risk in your supply chain. 

What TES Evaluates: 

  • Country of origin 
  • Product classification (HS/HTS codes) 
  • Active tariff policies 
  • Applicable trade agreement exclusions/inclusions 

TES can also be weighted to match your organization’s specific sourcing priorities and risk tolerances. 

What You Get: 

✅ A clear risk score at the supplier and portfolio level 
✅ A heat map to visualize exposure by region and category 
Real-time alerts when trade dynamics shift 
✅ A repeatable, objective metric to communicate tariff risk across Procurement, Finance, and Risk teams 

Whether you’re managing 500 or 5,000 suppliers, TES helps you proactively spot and manage tariff-related threats—before they hit your bottom line. 

Why It Matters

Tariff volatility is here to stay. Your supply chain strategy can’t rely on scattered data, inconsistent reporting, or “gut feel” risk assessments. With TYS Essentials and TES, you get the tools to: 

  • Justify sourcing decisions with hard data 
  • Stay ahead of shifts in trade policy 
  • Communicate risks clearly to executive stakeholders 

Want to know how your supplier base stacks up? [Schedule a demo]  or learn more about [TYS Essentials] and our full suite of risk, compliance, and onboarding tools 

April Harrison Blog, Tariffs

Sanctions Risk Is Supply Chain Risk: Why Vigilance Is Non-Negotiable

We all operate in an increasingly interconnected world.  In this global, multi-tiered environment, supplier relationships are no longer just about cost and capability; they’re about compliance and conscience

Every week, new sanctions are issued by governments and global organizations targeting companies, individuals, and entire industries. These sanctions aren’t just political. Increasingly, they are grounded in human rights violations, unethical labor practices, and environmental crimes. Today’s sanctions can be tied to geopolitical instability, supplier and sub-supplier practices, and even actions by individuals associated with supplier activities. 

Why It Matters

Sanctions can prohibit U.S.-based companies from doing business with certain suppliers, expose them to heavy fines, or damage their reputation overnight. A supplier that was compliant yesterday might be blacklisted today. The stakes are higher than ever: 

  • OFAC has issued thousands of sanctions-related actions in 2025 alone, many targeting suppliers in sectors like technology, mining, energy, and logistics. 
  • Human rights-based sanctions are expanding, with increased scrutiny around forced labor, conflict minerals (raw materials mined in areas of armed conflict or human rights abuses), and ESG violations. 
  • Global watchlists (like the SDN List, BIS Entity List, and EU/UN sanctions) are constantly evolving — often with little public warning. 

The Hidden Cost of Inaction

Relying on outdated spreadsheets or annual supplier reviews leaves companies dangerously exposed. Even one missed update can lead to unintentional violations, operational disruption, legal exposure, and reputational fallout. 

What Vigilance Looks Like

  • Continuous monitoring of global watchlists and sanction updates 
  • Automated workflows that trigger internal alerts and appropriate remediation steps 
  • Digital audit trails to demonstrate compliance and due diligence 
  • A secure, centralized supplier data hub that keeps pace with a rapidly changing world 

Trust Your Supplier: Your First Line of Defense

TYS brings together real-time sanctions monitoring, automated supplier validation, and a dynamic supplier network to help organizations stay compliant and resilient.  Integrations with leading global data sources – Moody’s RDC, LexisNexis with Dow Jones and Supply Wisdom – monitor sanctions and other key risk events across your supplier network.  With TYS, you’re not just checking a box, you’re protecting your brand, your operations, and your values. 

In a world where ethics and regulation intersect, supplier vigilance is no longer optional — it’s a business imperative. 

How to Prevent Supplier Fraud Before It Starts: Insights & Demo from TYS + LexisNexis

In today’s digital supply chain environment, fraud doesn’t need to break in — it only needs you to let your guard down. 

For many organizations, a supplier email update or a seemingly simple banking change can lead to major financial loss. Manual processes, siloed systems, and a lack of verification protocols continue to leave procurement and finance teams exposed. 

That’s why Trust Your Supplier (TYS) and LexisNexis Risk Solutions teamed up to address this challenge head-on in a recent podcast discussion — and demo — on how to prevent supplier fraud before it starts. 

A Conversation Rooted in Real-World Risk

In this episode, Chad Hill from TYS is joined by John Hutton of LexisNexis Risk Solutions to explore how payment fraud happens, why it’s still getting through, and how procurement and compliance leaders can proactively stop it. 

“A lot of companies think validating a bank account at initial supplier onboarding is enough,” Chad notes. “But fraud usually doesn’t come from the first interaction — it sneaks in during a change.” 

John brings the perspective of a company that sees the global banking validation and fraud landscape in real time, sharing how fraudsters manipulate payment processes and where organizations tend to overlook risk. 

Key Topics Covered

  • Where supplier fraud typically originates — and why it’s often overlooked 
  • What red flags procurement and finance teams should monitor 
  • The difference between bank account validation and fraud prevention 
  • How TYS and LexisNexis combine data, secure workflows, and two-factor authentication to block fraudulent changes 
  • Why email-based supplier updates are no longer safe 
  • The most critical data points that need to be verified and monitored 

See the Fraud Prevention Workflow in Action

The episode includes a live demo of how TYS integrates with LexisNexis to protect the entire supplier update process — from registration through change management and approval workflows. 

You’ll see how: 

  • Suppliers enter their banking information securely through TYS 
  • All updates are password protected, authenticated, and logged 
  • LexisNexis validates the banking information behind the scenes 
  • Buyers have full visibility and control before any change hits the P2P system 

 Watch the Full Episode & Demo