eKYS

What is ECCMA Know Your Supplier Identity Verification?

Supplier Identity Verification through ECCMA Know Your Supplier (eKYS) is a global supplier identity verification and data quality solution. It helps organizations verify supplier information (legal identity and additional data) using authoritative government business register data.

Why is Supplier Identity Verification important?

Supplier identity verification ensures that your suppliers are who they claim to be. Studies show that around 25% of supplier records in corporate databases cannot be positively verified, and up to 30% are duplicate entries. This leads to inaccurate spend analysis, compliance gaps, and exposure to accounts payable fraud.

What is the ISO 8000 Data Quality Standard?

ISO 8000 defines international best practices for ensuring the accuracy, completeness, and traceability of data. ECCMA, a founding authority on ISO 8000, applies ISO standardization to supplier master data—enabling it to be verified it for seamless integration within ERP and procurement systems.

How does ECCMA monitor supplier status changes?

On behalf of its subscriber members, ECCMA continuously monitors more than 115,000 supplier entities for any change in their legal registration status (for example, from active to inactive). Members receive automated alerts whenever a supplier’s legal standing changes, helping prevent fraud and maintain data integrity across their supplier master.

How does ECCMA Supplier Identity Verification integrate with my existing systems?

ECCMA Supplier Identity Verification provides standardized data, most simply via an ECCMA API. The standardized data is formatted to be interoperable and can be easily integrated into supplier onboarding workflows and ERP or procurement systems. It also supports low-cost batch processing for retroactive validation of existing supplier master data, improving overall supply chain visibility.