Procurement managers, supply chain managers, and Chief Supply Chain Officers know the challenges of maintaining a network of suppliers. They must ensure these suppliers are trusted, keep their documentation up-to-date, and, in the worst-case scenario, address issues of non-compliance.

The key challenges that you might be familiar with are:

1. Vendors take time to provide information, so you spend a lot of time chasing them down
2. Multi-tier supply chains lack visibility and lead to unwanted complexity
3. The risk profile of a vendor is often opaque, increasing your internal liability
4. Actionable data is hard to come by, even with "visibility tools"

Tru Identity offers a complete solution for vetting vendors, ensuring compliance and assessing risks. By automating checks, Tru helps businesses engage with trustworthy partners and meet regulatory standards.

Verify Your Trading Partners

Ensure vendor legitimacy. Tru Identity confirms that all vendors are legitimate, reducing the risk of fraud.

Ensure accurate vendor data. Vendor Compliance automatically ensures that the data provided by your suppliers is accurate, or reports any conflicts to you for verification.

Check regulatory compliance. Tru Identity screens vendors against the Consolidated Screening List (CSL) and other databases to ensure they meet all legal requirements. The Tru Verification badge gives you confidence in your trading partners. With this badge, you can be assured that:

• Entity information has been verified
• Specific supply-chain checks have been completed
• Stringent internal requirements are met

Additionally, Tru Identity monitors for:

• Updates to beneficial owners
• Sanctioned, restricted, or denied parties
• Changes in shareholder information
• Known address changes
• Updates to product catalogs

Trade with Confidence

Verify essential contract details. Tru Identity checks key information, such as addresses and beneficial ownership, to ensure accuracy and minimize errors.

Secure supply-chain transactions. Tru Identity provides verified information, helping businesses make informed decisions and enhance transaction security.

Meet Regulatory Obligations

Automatically check your entire vendor list against the Consolidated Screening List (CSL) that is applicable to you — whether that be in the US, UK, or the EU. Tru Identity’s Restricted Party Screening (RPS) automatically checks vendors against the CSL, ensuring compliance with trade laws.

Restricted Party Screening isn't simply running your vendors once when you sign the initial contract — regulatory agencies are updating the high-risk entities constantly, as often as daily. Tru Identity automatically checks your vendors using a risk-based model to determine the frequency of checks to keep you compliant into the future, not just once.

Forced labor screenings. Tru Identity ensures vendors adhere to ethical labor practices, helping businesses avoid unethical activities from leaking into your supply chain.

Set your requirements, and forget about following up

Set it and forget it—Tru will handle the remembering for you. With vendor vetting, you can define your own compliance workflow for vendors to complete. These include automated compliance documentation like:

1. Restricted and denied party screening
2. Forced labor questionnaires to ensure compliance with labor standards
3. Code of Conduct acknowledgement and record-keeping

Tru will automatically monitor for the requirements you configure using our risk-based model for compliance automation.

Automate your vetting solutions using Tru Identity.

For additional questions, speak with a member of our team or get started on your own.