This Spend Matters Vendor Analysis provides an overview of Trust Your Supplier (TYS) and its solution for supplier information management (SIM).
Procurement’s longstanding challenge is no longer data collection but data confidence.
Every decision from onboarding a local contractor to engaging a strategic supplier relies on information that is not only complete but verifiable, current and shareable across systems.
This demand for trustworthy data has collided with another megatrend: the proliferation of regulatory and ESG reporting mandates that depend on supplier accuracy. Organizations are discovering that fragmented supplier master data, multiple portals and static questionnaires cannot sustain compliance, resilience or speed.
These are the types of challenges Trust Your Supplier is meant to address by serving as an organization’s source of truth for supplier information. Originally conceived as a blockchain-based supplier identity network, TYS has matured into an independent platform that now positions itself as a trusted-identity layer for global supplier ecosystems.
This two-part Vendor Analysis explores TYS’s solution and gives customer references, an examination of its competitive landscape and an overall analyst assessment of how it meets market needs.
Here’s why we think that Trust Your Supplier matters:
