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
