In this Spend Matters PRO Vendor Analysis we give an overview of Trust Your Supplier (TYS), a solution built to enhance supplier management that focuses on enabling its customers to identify and qualify suppliers most efficiently and effectively.
Ensuring that an organization knows the suppliers it works with, has all required information on suppliers, and is up-to-date, is critical. Decisions about working (or not) with a supplier can be both straightforward and complex because not all suppliers require the same screening and attention. Therefore, defining differentiated processes to identify, onboard and manage suppliers that take context and stakes is essential. TYS understands this challenge and provides specific and sometimes differentiated capabilities that may appeal to organizations wanting to enhance their current processes while considering the other spend management solutions they may already use.
This Spend Matters PRO Vendor Analysis provides an overview of TYS, looks at the competitive landscape, provides selection tips, and closes with an analyst summary.
Here’s why TYS matters:
- To the market — Trust Your Supplier brings specific capabilities to the table that differentiate it from other solutions. These include configurability and extensibility to ensure that customers can set up their processes in a self-service approach.
- To customers — Trust Your Supplier’s customers benefit from a configurable and extendable solution to ensure that they collect and verify supplier information and integrate it in subsequent processes and systems.
- To potential buyers — Trust Your Supplier can constitute a strong SIM solution that works as standalone or completes other procurement solutions with network-based capabilities and data verification capabilities via third parties available and configurable in a self-service AppStore.