Verification
August 27, 2025
Why US Procurement & Risk Teams Must Embrace KYS Now
For years, Procurement and Compliance teams have relied on Know Your Business (KYB) checks to vet business partners, collaborators, and in some cases, suppliers. After all, before signing contracts, most large enterprises confirm that a company is legally registered, that its owners are who they say they are, and that its finances are legitimate.Yet, while KYB has been critical in preventing fraud and protecting enterprises from costly mistakes, in today’s interconnected world, KYB only tells part of the story. Yes, KYB can confirm that a supplier exists. But KYB can’t tell you how that supplier treats its workers. It can’t uncover whether subcontractors are sourcing unethically. And it can’t guarantee that your supplier aligns with the ESG commitments your board, customers, and investors expect. That’s where Know Your Supplier (KYS) comes in.
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Verification
August 27, 2025
Why US Procurement & Risk Teams Must Embrace KYS Now
For years, Procurement and Compliance teams have relied on Know Your Business (KYB) checks to vet business partners, collaborators, and in some cases, suppliers. After all, before signing contracts, most large enterprises confirm that a company is legally registered, that its owners are who they say they are, and that its finances are legitimate.Yet, while KYB has been critical in preventing fraud and protecting enterprises from costly mistakes, in today’s interconnected world, KYB only tells part of the story. Yes, KYB can confirm that a supplier exists. But KYB can’t tell you how that supplier treats its workers. It can’t uncover whether subcontractors are sourcing unethically. And it can’t guarantee that your supplier aligns with the ESG commitments your board, customers, and investors expect. That’s where Know Your Supplier (KYS) comes in.
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Credentialing and Certification
August 18, 2025
Why Traditional Small Business Supplier Certifications Don’t Work Anymore (And What Enterprises Will Shift To Next)
For decades, supplier diversity programs were judged mainly by one number: spend. Did the company hit its target? That approach worked as a starting point. But in 2025, boards and executive teams are asking a tougher question: “What business outcomes did inclusion unlock?”
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Verification
July 28, 2025
Why Business Verification Is the New Compliance Baseline
In today’s fast-paced and highly regulated business environment, companies face mounting pressure to demonstrate robust compliance across every facet of their operations. From financial institutions to Fortune 500 corporations, the spotlight has shifted from traditional compliance measures—centered predominantly on Know Your Customer (KYC)—to a broader, more encompassing discipline: business verification. As regulatory bodies tighten their rules and cybercriminals grow increasingly sophisticated, the imperative for comprehensive verification of counterparties is no longer optional; it’s the new compliance baseline. This shift is particularly salient for customer onboarding, KYB (Know Your Business) processes, supplier risk management, and business fraud prevention strategies. Below, we explore why business verification is essential, how it integrates key practices such as secretary of state verification and third-party risk assessment, and why platforms like OneCredential are uniquely positioned to help organizations meet and exceed these evolving standards.
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Credentialing and Certification
July 28, 2025
Credentialing Diverse Suppliers: The Missing Link in Your ESG Strategy
Supplier diversity programs don’t work without visibility. This guide shows both enterprise procurement teams and diverse small business suppliers how credentialing streamlines certification tracking, builds inclusive partnerships, and aligns with ESG goals.
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