Challenges

  • Buyer has multiple 3rd party verifiers, and all are on different platforms
  • The access is restricted. Every time information is required it takes too long
  • Information accessibility is reduced

How TYS Helps

  • Category Manager and Buyer can easily access the financial health and environmental sustainability rating of a supplier
  • Access to multiple risk data sets helps users easily access supplier risk data across various dimensions of risk
  • Category Managers have full autonomy to verify their supplier information and aren’t dependent on other stakeholders
  • Buyer can view freemium or licensed content from many 3rd parties covering various risk categories including financial, sustainability, supply chain, etc. directly on the supplier profile
  • TYS integrations with RapidRatings, Resilinc, Ecovadis, Visko, KYC Site Scan, and D&B provide comprehensive coverage of different risk areas

Outcomes

  • An established process to supplier discovery
  • Relationship history (timestamps and action taken)
  • Supplier prospection in a secure and trusted environment/network
  • Information consolidated in one single platform
  • Reduction of time
  • TYS integrations with RapidRatings, Resilinc, Ecovadis, Visko, KYC Site Scan, and D&B provide comprehensive coverage of different risk areas

Roadmap Horizon

  • Autonomy
“I have to admit, I didn’t realize how effective the TYS program could be in assisting us in improving our own internal procurement processes, whilst also developing different opportunities for us as a Supplier and Service provider." - Ronnie Knowles, President Director | PT. GAC Samudera Logistics
“I have to admit, I didn’t realize how effective the TYS program could be in assisting us in improving our own internal procurement processes, whilst also developing different opportunities for us as a Supplier and Service provider." - Ronnie Knowles, President Director | PT. GAC Samudera Logistics