Chainyard is the recipient of the Institute of Supply Chain Management (ISCM) 2021 award in the category of Best Procurement Technology for our solution Trust Your Supplier! Learn more
Chainyard is the recipient of the Institute of Supply Chain Management (ISCM) 2021 award in the category of Best Procurement Technology for our solution Trust Your Supplier! Learn more

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