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Know Your Supplier Program

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Dear Nestlé Supplier,

At Nestlé, we pride ourselves in delivering best in class products to our consumers. To enable us to achieve this, we collaborate closely with our Valued Suppliers.

In today’s fast changing ecosystem, we understand the paramount importance of being compliant on the key parameters that affect our Supply Chains. As a result of this, we are launching our “Know Your Supplier” (KYS) program in partnership with Beroe Holdings Inc., whose primary lines of business include procurement intelligence and supplier compliance solutions. This program will increase transparency within our Supply Chain and streamline our Supplier due-diligence processes through digitalization. The benefits to our suppliers will be a fast, transparent and sharable platform to conduct and monitor their compliance and financial assessments.

The KYS compliance program allows both you and Nestlé to assess exposure on the following key elements to enable higher levels of confidence in the decision-making process.

  1. International Sanctions Lists (powered by Dow Jones)
  2. Fraud / Regulatory Issues / Corruption / Criminal Issues (powered by Dow Jones)
  3. Terrorism and Money Laundering (powered by Dow Jones)
  4. Financial Stress (powered by Dun & Bradstreet / Credit Safe)
  5. Financial Stress (powered by Dun & Bradstreet / Credit Safe) )

Participation in the KYS program is a mandatory requirement for Nestlé suppliers to maintain their approved supplier status.

Participation on the portal will require suppliers to pay an annual fee of 299 USD. The KYS program aims initially to assess parent vendors only, nevertheless, Nestlé might extend the invitation to child companies if deemed relevant

Please note that your participation will be subject to the terms set out via the Beroe platform and is independent of the relationship and contractual obligations that you have/may have with Nestlé.

Please do not hesitate to contact compliance.support@beroe-inc.com with any further questions.


Patricia Stroup
Chief Procurement Officer,
Nestlé

Dirk Kessle
General Counsel
Procurement Division – Nestlé


Confidentiality & Data Protection: Any and all information provided to the KYS Program will be kept confidential based on the terms agreed with your company (e.g., MSAs, T&Cs or otherwise) and Nestlé will comply with any applicable data protection law


Pay and register for the KYS Program

KYS is Provided By Industry Leading Partners

industry-partner

Nestle KYS Program FAQ

View Here

Flexible Currency Options

Experience seamless payments using any currency with our online card payment option. If your desired currency isn’t listed when clicking on the Pay and Register button, please write to compliance.support@beroe-inc.com to request its addition.

For other payment methods like wire transfers, we accept only USD and EUR currencies.

Beroe Know Your Supplier (KYS) Support

For any inquiries related to invoices, wire transfer details, adding new currencies, or other questions, kindly contact compliance.support@beroe-inc.com.

Register for Know Your Supplier Program

Step 1


Complete the Supplier
Registration Form

Step 2


Pay an annual fee

Step 3


Supplier Verification Completed

Pay and Register

About Know Your Supplier Program

KYS Program offers suppliers a one-stop-shop to get assessments done from
industry-leading partners on a single platform along with a host of other benefits

Save Costs

Avoid repeat costs by getting your
business rated and assessed by
leading agencies on a single platform

Save Time

Avoid duplication of efforts by going
through pre-qualification and
assessment process just once

Showcase

Showcase your ratings and assessments
on Beroe's unified platform for compliance
and governance


Disclaimer:

By submitting the form, I hereby understand and authorize recurring annual payment on this platform on behalf of the company. I also understand that by participating in this program (Know Your Supplier) doesn't guarantee any new or additional business from Nestle and/or it's entities and may also be required for additional details to be provide by me or anyone in my company as required by Nestle and/or it's authorized agency or entities.

Know Your Supplier (KYS) FAQs

This program increases the transparency within our Supply Chain and streamlines our suppliers’ due-diligence processes through digitalization.

Yes, participation in the KYS program is a mandatory requirement for all Nestlé suppliers in scope. Participation is expected at the earlier possible.
After the subscription process, the supplier will be prompted with the Nestlé KYS Questionnaire – this is a set of conflict of interest & compliance questions.

There are two plans available for the suppliers:

  • 1-year subscription plan - $299
  • 3-year subscription plan - $849

The KYS program aims to assess parent vendors only, nevertheless, Nestlé might extend the invitation to child companies if deemed relevant.

Suppliers have 2 options if the commercial relationship with Nestlé ends prematurely:

  1. If the commercial relationship ends within the 1st year or a year after the payment, the supplier can either:
    • Showcase their KYS ratings to 2 other companies or Claim refund for the amount after deducting the standard 1 year fee
  2. If the commercial relationship ends 2 years after the payment date, the supplier can either:
    • Showcase their KYS ratings to 1 other company or Claim refund for the amount after deducting the standard 2 years fee.

The refund will be initiated by Beroe after receiving a formal confirmation by Nestlé that the commercial relationship with the supplier has indeed been terminated.

No, all the information is exclusively for Nestlé’s use and displayed only in Nestlé ecosystem.

The following key elements will be pulled and updated from publicly available sources through the Business intelligence providers:

  • Company profile and vendor family tree (provided by Dun & Bradstreet)
  • International Sanctions Lists (provided by Dow Jones)
  • Fraud, Regulatory, Corruption, Criminal Issues (provided by Dow Jones)
  • Terrorism and Money Laundering (provided by Dow Jones)
  • Financial Stress (provided by Dun & Bradstreet / CreditSafe)
  • Financial Assessment (Proprietary to Nestlé – Conducted by Nestlé Supplier Forum – NSF)

No other information or additional documents will be required to be provided or uploaded into the platform by the supplier.

Yes, the KYS program covers a more specific Financial and Compliance scope in addition to Sustainability, Environmental, Social and Ethical risks.