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

As your business expands, supplier management becomes more complex. What once worked with spreadsheets and emails now causes delays, risk, and costly inefficiencies.

Cut Supplier Onboarding Time by Up to 60%

Manual onboarding slows growth. The back-and-forth to collect documents, route approvals, and check compliance often takes three to six weeks per supplier, if not longer.

TYS Essentials cuts onboarding time by up to 60%, through:
✅ 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 faced payment fraud attempts in the past year. These incidents often start with simple bank detail changes or spoofed communications.

TYS Essentials helps you stop fraud before it occurs with built-in Bank Account Validation & Verification (BAVV) tools. You can:
✅ 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

Unverified suppliers can hide serious risks. 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, workflow automation happens out of the box. Approvals route automatically based on supplier type or risk level, and every step is tracked and timestamped.

As a result, you eliminate delays from missing emails and keep processes moving seamlessly.

Maintain Clean, Verified Supplier Data

TYS Essentials continuously deduplicates, enriches, and validates supplier data. Growing companies report:

📈 85%+ complete supplier profiles within five days

📈 50% less time spent chasing missing information

In addition, clean data improves reporting accuracy and reduces compliance errors.

ROI Summary

Here’s what growing companies achieve with TYS Essentials:

TYS Essentials empowers growing companies to simplify onboarding, cut risk exposure, and accelerate compliance—all while keeping budgets in check.

Discover what’s possible:

• Learn more about the capabilities of TYS Essentials

• Explore our transparent Pricing Options

• Request a Demo to see how quickly you can streamline your process

Want to quantify the impact? Use our ROI Calculator to project time and cost savings specific to your business.