The art of qualifying a supplier
Assessing and checking suppliers is difficult, even for people who do this on a daily basis. Just having a rating, or a credit check, is rarely enough to be sure that the current supplier policy is being followed – and lots of people don’t know what to look for or where to start looking when it comes to reviewing KPIs and information that’s important from an internal control perspective.
And what’s more, it takes a vast amount of time. About 24 minutes on average if you ask us, working on the basis that information from 10 different sources needs to be checked. So in other words, half a working week a month for the average Swedish company.
Monotonous time that could be used more efficiently.
Poor supplier practices can have serious consequences and involve incorrect payments, manual work and business relationships with rogue suppliers.
To make sure all staff have the right conditions and procedures to work actively with supplier control, it’s important to work on the basis of a single tool where procedures can be standardised, robotised or even fully automated. And followed up as well…
The Nordic region’s smartest search service for customers and suppliers
Inyett Search enables your organisation to use the right processes to control business relationships and suppliers, in a single tool for everyone. Get a first proactive control before purchasing, and knowledge that affects payment security in an interface that everyone can understand. Inyett Search alerts you to what you should take a closer look at, and provides a fast overview and the right basis for decision-making.
Check whether business relationships and suppliers meet approved requirements, view financial statements, post holders, credit data, addresses and general company information.
Link information on contract suppliers to the tool, comment and share, and view the information along with the business’s own data on transactions to the recipient. Inyett Search is the right tool for securing well-functioning procedures for purchasing and supplier control.
Six great things
about Inyett Search
A professional tool for corporate searches on which procedures and frameworks can be based. No unexpected changes, no misleading advertising.
View company information along with the history of business payments to the company. Unique.
Share and comment on supplier checks and follow up checks to make sure they’ve been completed.
A rating devised from an internal control perspective. Not just based on credit ratings. That’s not enough.
Clear company information presented in the same way for the entire organisation – all in a single tool. Easy to use.
Data quality and innovation
Reliable, secure business information that’s always up-to-date, in a tool that’s always developing and innovating.
TK618, a new standard for secure business
A committee has been set up via SIS, the Swedish Institute for Standards, to devise a new standard relating to ‘Checking suppliers’.
The aim of the work is to define a standard for the information needed to make sure suppliers and clients act in a reliable manner so that safe payments can take place.
This is what what the committee’s chairman has to say…
“The aim is to make it easier for reputable suppliers to demonstrate that they meet the requirements defined by industry and society to be considered a good, safe supplier. Another idea is to provide the right conditions for assessing suppliers on equal terms in the event of procurement procedures.”