Are you still relying on manual phone calls and paperwork to verify your suppliers?

If so, you might be exposing your organization to massive financial risks and inefficiencies.

In the latest episode of The Innovation Exchange, a Workday podcast, host Mark Woollen sits down with Dan Park, Vice President of Workday Sales at Relish, to discuss how their native Workday application, Data Assure, takes the risk out of supplier onboarding.

If your procurement or AP teams are bogged down by manual verification, this is an episode you cannot afford to miss. Here is a sneak peek at what Mark and Dan cover.

The Hidden Dangers of Manual Onboarding

For many organizations, onboarding a new supplier is a highly laborious task.

Procurement teams often rely on manual forms and phone calls to verify entity names, bank details, and tax IDs.

Not only is this process incredibly slow, which can take up to 120 days in industries like oil and gas, but it also leaves a massive gap for human error and fraud.

Dan shares a terrifying, real-world horror story during the episode. He references an organization that previously onboarded suppliers manually. Their manual process resulted in unknowingly doing business with a company on the global sanctions list.

The result was a staggering $10 million fine from the U.S. government, with the threat of additional $10 million fines every 90 days until the issue was resolved.

Enter Relish Data Assure: Automated Supplier Validation

To combat these massive risks, Relish built Data Assure natively on the Built on Workday platform.

Data Assure completely automates supplier verification by checking provided information against over 350 tier-one data sources. Data sources include the IRS and global sanctions lists, critical compliance checks.

Instead of making hundreds of late-night phone calls across different time zones to verify international bank accounts, procurement teams can rely on Data Assure to process validations behind the scenes.

Data Assure takes the risk out of supplier onboarding. One way is by delivering a “pass, fail, or proceed with caution” result in just minutes.

Key Episode Takeaways:

• Massive Time Savings: Dan highlights a global data hosting provider that previously spent 50 minutes manually onboarding each supplier. By switching to Data Assure, they reduced the verification time to just three minutes per supplier. This saves the company roughly 4,500 to 4,700 human work hours.
• Continuous 24/7 Monitoring: Supplier risk doesn’t end after the initial onboarding. Data Assure provides 24/7, 365-day monitoring to ensure your suppliers don’t end up on a global sanctions list later. It automatically notifies you if action needs to be taken.
• The Human Element: Automation doesn’t entirely replace people. When Data Assure flags a supplier with “proceed with caution” (for example, if an address matches 85% but is missing a suite number), human workers can step in to resolve the specific discrepancy quickly.
• Leadership and Discipline: Dan also dives into his personal journey, sharing how the discipline, teamwork, and mission-based focus he learned during his service in the U.S. Navy have fundamentally shaped his 17-year career within the Workday ecosystem.

Ready to learn how to take the risk out of high-speed sourcing?

Watch the full episode of The Innovation Exchange to catch all the insights.

To learn more about Data Assure and how it integrates seamlessly with Workday, visit relishiq.com.

Podcast Info

The Innovation Exchange is a brand new Workday podcast about real customer challenges and the partner-built innovations that are solving them. Each episode dives into the story behind innovative apps, agents, and integrations available on Workday Marketplace. From the problem that sparked the idea to the impact customers are seeing today, all is explored. New episodes drop twice a month.

Host Spotlight

Mark Wollen is a Senior SaaS executive with deep CRM experience having held product, marketing, and sales leadership roles at Salesforce, Siebel, Oracle, and venture-backed startups.

Mark is an experienced general manager who has built and led global teams through full product and go-to-market lifecycle – ideation and strategy, product/market fit, product design and development, pricing and packaging, product launch, sales strategy and enablement, customer implementation and success, strategic partnerships, rapid growth and scale, and category creation and leadership.

Pod Guest

Dan Park, VP of Workday Sales, Relish

An accomplished SaaS sales executive and U.S. Navy Veteran, Dan spearheaded the establishment of the Workday sales channel.

Dan’s Relish mission is to modernize Accounts Payable and Procurement organizations by extending Workday Financials, Strategic Sourcing, and Human Capital Management with innovative, user-centric applications. He excels in developing strategic partnerships, delivering impactful presentations, and providing valuable insights to product development for market-aligned solutions.​