ECCMA’s Know Your Supplier (eKYS) program applies international data quality and supply chain interoperability standards to supplier or corporate customer data. It enables ECCMA members to leverage those data standards to drive secure digital transformation, reduce cost, reduce risk, and achieve operational excellence.
To optimize corporate spend and reduce risk from fraud, or to source/on-board a new supplier while ensuring it is legally or ethically operating, you must know your supplier. ECCMA Know Your Supplier is a methodology that improves your supplier or corporate customer information employing ISO 8000 data quality and ISO 25500 supply chain interoperability and integration standards. It enables you to positively, definitively identify a supplier or corporate customer within master data.
Download ECCMA’s Know Your Supplier presentation here.
ECCMA’s Know Your Supplier program is powered by the application of ISO 8000 and ISO 25500 standards, enabling verification of company identity and other key data from authoritative sources, and providing reliable data that improves trust and transparency, data governance and supply chain security. The ECCMA Know Your Supplier program first unambiguously identifies and verifies the supplier, then verifies and standardizes the presentation of supplier qualities (such as certifications, industry, and product and services offerings), and finally enables suppliers to review and provide contact information to those interested in communicating with them.
At the core of ECCMA Know Your Supplier is the International Business Registration Number (IBRN), and the key data elements (legal name and date of origin) from the relevant government business register, needed to positively and definitively identify a supplier or corporate customer. ECCMA Know Your Supplier includes authoritative data that ECCMA has verified for its members with government business registers in the majority of the world’s countries, representing 97% of world GDP.
The IBRN and other data verified in the government business register is the key data used to identify an organization; the government business registration number (in international format, the IBRN) is the first identifier assigned to any legally registered business, and as such is its authoritative legal entity identifier and the government business register is the authoritative source on that business. All proxy or value-added identifiers (UEI, EIN or other tax ID, CAGE code, EU ID, Duns number, GLEIF-LEI, EORI, etc.) and business qualities, relationships, and contact information for legally registered businesses can be linked to IBRN. The IBRN is the key to unlock all other data on the company.
An IBRN is used to verify the legal name of a company and its status as well as when it was formed. Today, it is common to identify companies by their names without checking that those names (or the spelling of the names) are correct; this leads to the creation of duplicate supplier or customer records and increased risk of fraud.
Companies present in ECCMA’s Know Your Supplier (eKYS) can assign an eKYS Account Record Manager (ARM). The ARM serves as a contact point for his/her business and must be an employee of the company for which s/he is an ARM. ARMs may not alter data from government business registers that is approved and verified by the ECCMA team members. eKYS ARMs can add company contact information to their eKYS record, and control its distribution, making it easier for their suppliers or corporate customers to contact them as well as their potential trading partners.
Please contact us to apply to become an eKYS ARM.