Risk Management
Trust in Trade is Everything.
Transforming trade for good means building a future that is more transparent, efficient, and secure. Sourcery Connect was designed to protect our Partners—on every transaction, from producer to consumer.
Know Your Partner (KYP)
Connect introduces digital Know Your Customer (KYC) automated data triangulation verification and zero-knowledge proofs (ZKPs) technology borrowed from the banking industry combined with traditional human-led verification.
We call this approach, Know Your Partner (KYP) and it goes beyond traditional counter-party due diligence—verifying much more than ownership and financial health and giving you the confidence to trade smarter, grow faster and accelerate impact.
Assurance Partners
*Through advanced technology and its Assurance Partner network, Sourcery conducts is own Place Verification that includes a site, facility and process assessment at no additional cost to our Partners.
Trade with Agency
At Sourcery, we believe safe trading starts with people. That’s why Connect pairs digital intelligence with real human support—giving you a dedicated Engagement Professional to help facilitate transparency and trust before, during and after every transaction.
Trade with Agency
Trade Facilitation - We help Partners transact with greater transparency, efficiency, and trust.
Expert Guidance - Receive expert support on quality, transport and logistics, certifications, regulations, duties, and other trade-related matters.
Trust Line - Access real-time post-transaction support for trade dispute and resolutions, payment disputes and other matters. See below.
*Dedicated Sourcery Engagement Professionals are available with Transform Plus and Pro membership only. Trust Line is available to all members.
Trade Protection
Connect brings Trade Credit Insurance (TCI) to select pre-qualified Partners called Trade Protection—offering a safety net to sell products on credit to other businesses (B2C) via Connect. It protects the money you’re owed if a customer can't pay up to around 90% of the unpaid amount, whether the buyer is local or overseas.
Trade with Confidence and Trust.
The Trade Credit Insurance (TCI) solution through Sourcery gives our Partners the opportunity to trade with more transparency, confidence and assurance.
Risk Pooling - Together, Partners contribute a smaller premium then they would alone by pooling risk through membership.
More Secure Growth - Protects you from the financial hit of a single big customer defaulting, especially helpful for newer or niche businesses.
New Market Expansion - Breaking into international markets? Trade Credit Insurance covers unfamiliar foreign customers too, easing cross-border trade risks helping you to expand to new markets.
Keep Cash Flowing - Protect your cash flow by ensuring you still get paid even if a buyer goes bankrupt or delays payment.
Trust Line
As commercially neutral trade facilitators, the Sourcery Engagement team works closely with our Partners through the Trust Line to ensure transparent, efficiency, safe and honest trade for before, during and following every transaction on Connect.
Partners can register trade disputes and payment defaults with Trust Line, which will be followed by a post-transaction facilitation process and possible binding arbitration between buyer and seller transacting on the Connect. Requires Sourcery Partner membership. Above pictured Trust Line screens are currently under development, however, Partner can report an issue today by following the link below.
Compliance and Reporting
The Intelligent Impact and Transparent Trade modules found in Connect were developed to meet and ‘presumptively’ comply with international global supply chain and impact regulation and protocols—giving buyers and sellers the confidence they need to trade and report with more transparency, efficiency and trust at scale.
Regulations
United States Uyghur Forced Labor Prevention Act (UFLPA)
United Kingdom (UK) Modern Slavery Act 2015
Ecodesign for Sustainable Products Regulation (ESPR) and Digital Product Passport (DPP)
European Union (EU) Corporate Sustainability Reporting Directive (CSRD)*
Corporate Sustainability Due Diligence Directive (CSDDD)
European Sustainability Reporting Standards (ESRS)*
Protocols
European Union (EU) Product Environmental Footprint (PEF)
Science-Based Target (SBTs) FLAG Standard
Greenhouse Gas Protocol Land Sector and Removals & ISO 14064
United Nations (UN) Sustainable Development Goals (SDGs)
*Sourcery continues to monitor the evolving changes, progress and reporting mandates of these regulations and will update its software and products accordingly.
Data Stewardship
Sourcery and our Partners designed Connect with data sovereignty, ownership, advanced security and privacy as top priorities.
