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Trust Your Supplier (TYS) Featured in Forbes Article

Reimagining Supplier Onboarding and Compliance with Blockchain – How Trust Your Supplier (TYS) is revolutionizing the procurement process.

Award winning research journalist Kate Vitasek, has featured Trust Your Supplier (TYS) in a Forbes article chronicling TYS’s journey using blockchain technology to solve supplier onboarding and compliance issues. 

Blockchain technology is transforming the way businesses manage supplier onboarding and compliance, and Trust Your Supplier (TYS) is at the forefront of this revolution. TYS is a blockchain-based platform that streamlines the onboarding process by creating a digital identity for suppliers, allowing them to share their information with multiple customers at once. This not only saves time and reduces administrative burden but also improves data quality and security. 

The TYS platform was born from a collaboration between IBM and Chainyard, which began in 2018. The partnership quickly moved from idea to innovation, resulting in the creation of the first blockchain-based, decentralized platform designed to manage supplier information. The TYS network has expanded to include companies such as Lenovo, GSK, Nokia, BT, American Express, and Pearson. 

The benefits of using the TYS platform are significant for both suppliers and their customers. On average, onboarding times have been reduced by 67%, leading to cost savings of nearly $500 per supplier for purchasing organizations. For suppliers, the ability to be onboarded with additional companies almost instantly allows them to start work after a deal is sold, eliminating the administrative burden of managing the same or similar data across multiple customers. 

As the world continues to embrace blockchain technology, the future of digital identity is rapidly approaching. Groundbreaking efforts like TYS signal the dawn of a new era in data ownership, where suppliers will have unprecedented control over their data, leading to enhanced regulatory compliance, security, and data quality. The journey to this data-centric future has begun, and its potential impact is nothing short of transformative. 

#SupplierOnboarding #Blockchain #TYS #DigitalTransformation #Procurement #ProcurementCompliance #SanctionsCompliance #RiskandCompliance  #ProcurementInnovation #RiskAssessment #RegulatoryCompliance #ProcurementLeadership #CPO #DigitalIdentity #DataOwnership #Forbes #KateVitasek

April Harrison Blog, News 0 Comments , , , , , ,

Breaking News: Trust Your Supplier (TYS) Thrilled to be Spotlighted in Harvard Business Review Article

We’re absolutely elated to announce the release of the Harvard Business Review article that shines a spotlight on Trust Your Supplier (TYS) as the ultimate game-changer in supplier onboarding. It is with great excitement and pride that we share this incredible recognition with our TYS community and partners. 

Supplier onboarding – a necessary but often time-consuming process. It’s not uncommon for this vital step to take weeks or even months due to manual processes and documentation checks. But what if we told you there’s a game-changing disruptor on the horizon? Trust Your Supplier (TYS), as featured in the Harvard Business Review, is here to revolutionize supplier onboarding. TYS has harnessed the power of blockchain technology to create a worldwide network of buyers and suppliers, setting a new standard for supplier onboarding. 

So, what sets TYS apart? 

  1. Automation: TYS automates the cumbersome manual processes involved in vetting supplier data. Say goodbye to the days of lengthy onboarding.
  2. A Global Network: With over 100,000 fully vetted suppliers and partnerships with major players like BT Sourced, Lenovo, Nokia, Pearson, and Thermo Fisher, TYS has created a truly global network.
  3. Efficiency & Cost Savings: Purchasers using TYS have reported cost savings of nearly $500 per supplier. For enterprises with extensive supplier networks, this translates into eight-figure savings.
  4. Supplier Benefits: Suppliers experience an average onboarding time of less than a week, a 67% reduction. Plus, they can seamlessly work with multiple customers without the hassles of data duplication. 

We believe that a paradigm shift is underway in supply chain management and procurement. Organizations are increasingly adopting platform solutions like TYS to address systemic supply chain issues efficiently and collaboratively. TYS is leading the charge, revolutionizing supplier onboarding, and setting a new standard for the industry. 

Join us on this exciting journey toward a more efficient, collaborative, and cost-effective future. Learn more about how TYS is changing the game in supplier onboarding in our full article. 

harvard-business-review-logo-FD07ED9958-seeklogo.com

 

#SupplierOnboarding #SupplyChainRevolution #Blockchain #TYS #Efficiency #Collaboration #ProcurementExcellence #DigitalTransformation #Procurement #ProcurementComliance #RiskManagement #SupplyChainSolutions #FinancialRiskMitigation #SanctionsCompliance #ESGStrategy #ClimateRiskManagement #SustainableSourcing #SupplyChainResilience #RiskandCompliance #EthicalSourcing #FinancialCompliance #ESGReporting #ClimateResilience #SupplierDiversity #GlobalTradeCompliance #SupplyChainVisibility #ESGPerformance #ClimateChangeAdaptation #ProcurementInnovation #RiskAssessment #SupplyChainRisk #EthicalBusiness #CarbonFootprint #SupplyChainTransparency #ESGInvesting #ClimatePolicy #SustainableProcurement #RegulatoryCompliance #ProcurementLeadership #CPO  

April Harrison Blog, News 0 Comments , , , , , ,

One Woman, Three Companies, Graceful Leadership: Meet Sri Mudunuri

Managing one global business in an ever-changing world is tough enough but managing three?! Now, that requires nearly superhuman leadership skills.  

Meet Sri Mudunuri, the co-founder of IT People Corporation, Chainyard, & Trust Your Supplier, who has been making a name for herself in the technology, staffing, and services industries. With 23 years of experience in the staffing and services industry and her desire to provide an end-to-end solution for her customers, Sri was moved to co-found Trust Your Supplier. Her motivation to become a leader stemmed from two female trailblazers, Indira Gandhi and Jayalalithaa, who played a significant role in shaping the future state of India. From a business perspective, Indra Nooyi, PepsiCo’s former CEO, and chairperson is Sri’s inspiration. 

Apart from being a co-founder, Sri also plays multiple roles in the organizations she leads. As a CFO, she manages financial activities and ensures the balance sheet lines up. As a President, she is responsible for board meetings, compliance with state and federal laws, and managing certifications from organizations such as WBENC and NMSDC.  In addition to all this, she also manages the staffing side of the business, Workforce Solutions, and keeps the recruitment team on their toes. 

The most significant obstacle Sri has faced in her career is proving herself to get the respect she (and all women) deserve. She noted that women must do more to get the same respect as men with the same title. But Sri’s persistence, ability to not take things personally, and work with trusted partners have helped her succeed. 

Sri’s advice to women who aspire to become leaders is simple: follow your dreams, be decisive, and don’t be afraid to make tough decisions. Sometimes conversations and decisions are tough, but we’re tougher.  

Let’s continue celebrating women’s history month by empowering and inspiring women to be anything and everything they want. 

April Harrison Blog, Spotlight 0 Comments ,
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