Challenges
- The way Buyer is requesting and receiving data is not secure (example: Bank information is not received through a secure channel and not executing additional validations)
- No constant monitorization of supplier information
- The data accuracy is the responsibility of the respective category manager and the time spent is too high and unproductive
How TYS Helps
- TYS AI tools provide real-time, continuous, external AI updates on suppliers
- Up-to-date and accurate information, any changes are alerted to the buyers based on configurable rules
- Evolving third party attributes augment the supplier profile for a holistic view
- Reduces the effort of the category manager as the responsibility of the data update is inputted to the supplier
Outcomes
- Ensure existing supplier data is maintained, updated, and accurate
- Provide market, media, and other external narratives and commentary to constantly monitor news regarding supplier
- Document Management - Expiry Notifications to Buyer/Supplier
Roadmap Horizon
- Liaison Management
- Revalidation and Republishing
- TYS re-verifies the data provided by ecosystem partners at regular intervals
- Depending on Governance Board direction, additional features related to SRM may be added to the Roadmap
ACCURATE AND UPDATED SUPPLIER DATA
STREAMLINED VALIDATION
REDUCED RISK AND ATTRACTED COST
